This investigation is concerned with testing a causal model linking changes in a political system's socio-economic environment with alterations in political characteristics. The specific forces of interest are those relating to urbanization and industrialization, the development of that way of life called urbanism, and the effects of these environmental changes on voter participation and, ultimately, inter-party competition. The test model hypothesizes that the processes of urbanization and industrialization together create urbanism, which then affects party competition both indirectly by means of stimulating participation, and directly as well. To illuminate these processes, this study focuses on the American South of the last 30 years because it is in this region that the kinds of changes implicit in the test model have been observed, and thus the region offers the best arena for examining that model.

This research proposes that monetary policy is more than a technical economic policy. Since it is politically controlled, political variables should affect it. In this analysis, the monetary policies of France, Italy, the United Kingdom, and West Germany are described in detail. Political variables potentially affecting this policy are reviewed. Political variables, such as political party in power, electoral competition, electoral cycles, and political instability, are employed in a time series regression analysis of monetary aggregates. Various economic variables are also included to aid model specification. While cross-national variations occur in monetary policy determination, this research shows that political parties follow ideologies in monetary policy-making. Other political variables are not strongly related to monetary aggregates.