[PDF.89ao] Hamilton's Paradox: The Promise and Peril of Fiscal Federalism (Cambridge Studies in Comparative Politics)
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Hamilton's Paradox: The Promise and Peril of Fiscal Federalism (Cambridge Studies in Comparative Politics)
Jonathan A. Rodden
[PDF.lc76] Hamilton's Paradox: The Promise and Peril of Fiscal Federalism (Cambridge Studies in Comparative Politics)
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| #2083366 in Books | Cambridge University Press | 2005-12-26 | Ingredients: Example Ingredients | Original language:English | PDF # 1 | 8.98 x.75 x5.98l,.98 | File type: PDF | 336 pages | ||1 of 1 people found the following review helpful.| new approach to an old problem|By Arnold|As the book's title suggests, the problem of how to restrain local governments from excessive spending when they are backed up by a federal guarantee has haunted federalism since Hamilton's time. Rodden's book takes a nuanced approach to this question with careful hypotheses that interact federal autonomy with national and local fiscal d||"This timely book takes on a crucial topic for scholars and practitioners-especially in newly democratizing societies that are walking the potentially dangerous and complex road towards decentralization. It departs from what was becoming conventional wisdom,
As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. A key question is whether a politically-motivated central government can credibly commit not to bail out subnational governments in times of crisis if it funds most of their expenditures. By combining theory, quantitative analysis, and historical and contemporary case studies, this book provides a new perspective on why different ...
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