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Downs introduced a left-right axix to economic theory. He placed socialists and communists on the 'left', Christian democrats, social democrats and liberals in the 'center', and conservatives and fascists on the 'right', where 'communism' allows 0% private ownership, and 'fascism' 100% private ownership.

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13y ago
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2w ago

The Downs model is a decision-making model that suggests individuals will vote in elections based on rational self-interest. It assumes voters will choose the candidate or policy that aligns closest with their own preferences, weighing the costs and benefits of each option. The model posits that political parties will seek to maximize their chances of winning elections by positioning themselves closer to the center of the ideological spectrum.

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Q: What is the Downs model?
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