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Public Spirit in the Thrift Tragedy
Mark Carl Rom
出版University of Pittsburgh Pre, 2010-11-23
主題Political Science / GeneralPolitical Science / Public Policy / Economic Policy
ISBN08229748359780822974833
URLhttp://books.google.com.hk/books?id=OjrYyFjnc38C&hl=&source=gbs_api
EBookSAMPLE
註釋Winner of the Harold Lasswell Award of the American Political Science Association The FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this "thrift tragedy." He directly confronts-and rejects-the dominant scholarly "public choice" view that public officials were motivated mainly be self-interest. Instead, Rom argues that politicians and bureaucrats generally acted in the "public spirit" by attempting to obtain the common interest as they saw it. Using new evidence and innovative methods, Rom demonstrates that FSLIC's failure unfolded because of commitments that officials had made in the past and their uncertainties about how to fulfill these obligations in the future.