Keynes' General Theory (1936) is arguably one of the most important books of the twentieth century. His ideas for stabilizing the aggregate economy have profoundly influenced economic theory as well as popular opinion about what governments can and should do with respect to the business cycle....

I assume that voters mark ballots exclusively to express their true preferences among parties, leaving aside any considerations about an election’s possible outcome. The paper then analyzes the resulting voting behavior. In particular, it studies how effective different voting systems such as...