By Glenn R. Parker
What could you do if, the very day you have been employed, you knew you may be unemployed in as low as years? you would search possibilities on your present activity to enhance a portfolio of abilities and contacts so one can make your self extra appealing to destiny employers. Representatives and senators take into consideration their jobs in Congress during this approach, in accordance with Glenn R. Parker.While in place of work, contributors of Congress plan no longer purely for the following election yet for the subsequent degree in their careers. via networking, serving on committees, and championing specific laws, they intentionally gather human capital---expertise, networks, and reputation---which later will provide them bargaining strength within the activity industry. Parker's research of the postelective careers of greater than 2 hundred former contributors of Congress, either U.S. representatives and senators, who've left workplace over the last part century indicates that such strategic making plans typically succeeds. typically, the human capital those politicians accumulated whereas in place of work elevated their occupational mobility and incomes power.Capitol Investments deals a cosmopolitan but obtainable research of the purchase and marketability of political abilities. It means that an know-how of the alternate in human capital shapes an officeholder's activities up to the will to win one other election.Glenn R. Parker is special Professor within the division of Political technological know-how at Purdue college.
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Extra resources for Capitol Investments: The Marketability of Political Skills (Economics, Cognition, and Society)
Economic situations include many examples of rational expectations that lend considerable validity to the notion that anticipation of future conditions in›uences current behavior. For example, the price of agricultural commodities depends on the number of acres planted, which in turn depends 1. While inducements to of‹ceholders, such as bribery, constitute the types of spot-market transactions that are less subject to cheating, they entail greater danger. Quid pro quo transactions between politicians and special interests are the only type of exchanges where corruption—that is, bribery—can be legally claimed.
Earmarked legislative appropriations and bureaucratic regulations, for example, represent opportunities for legislators to develop as well as to demonstrate their political skills. Such policies have obvious economic implications, and those skilled in manipulating public policies in this fashion are likely to be in demand. But since everyone can claim to have these skills, and moral hazards may cloud evaluation of these assertions, explicit evidence of such effort is necessary; hence, legislators build résumés of their political skills through their daily (policy-related) actions.
These images of reality, or “pictures in their heads,” are constantly reinforced because “the more that of‹cials specialize in a particular policy domain, as in- Politicians, Institutions, and Human Capital • 21 dicated by the percentage of the time that they devote to that domain, the more contact they have with lobbyists” in that policy area (Heinz et al. 1993, 239). In short, specialization bene‹ts interest groups by equipping prospective legislator-employees with industry-speci‹c assets—an understanding of and expertise in industry issues as well as perceptions of reality that favor the policy positions of special interests.
Capitol Investments: The Marketability of Political Skills (Economics, Cognition, and Society) by Glenn R. Parker