Abstract

The Cambridge Society for Economic Pluralism is delighted to invite you to its first Michaelmas panel discussion on the political and economic implications of the median voter theory.

The median voter theory states that a majority rule voting system will select the outcome most preferred by the median voter. It implies policies will be moderate and maximise the median voter’s welfare.

The panel will discuss whether this theory explains reality in different settings, and its normative implications, trying to answer exciting questions about our political systems such as: Do parties really tame their policies down to appeal to the median voter? Who is the median voter in different countries and how is she influenced?

Focusing on the economic policy aspects, we will also address questions such as: How important are economic considerations in people’s voting decisions? Are voters able to determine which policies will maximise their welfare? Does this lead to policies aimed at reducing inequalities?

The event is free.