Anthony Downs is a Senior Fellow at the Brookings Institution in Washington D.C., where he has been since 1977. Before that, he was for 18 years a member and then Chairman of Real Estate Research Corporation, a nationwide consulting firm advising private and public decision-makers on real estate investment, housing policies, and urban affairs. Dr. Downs received a Ph.D. in economics from Stanford University, and is the author or co-author of 20 books and over 480 articles. His most famous books are An Economic Theory of Democracy (1957), translated into several foreign languages, and Inside Bu...