Democracy and the Politics of Investment
Buch, Englisch, 320 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 554 g
ISBN: 978-0-521-17177-9
Verlag: Cambridge University Press
While political analysis has commonly focused on the distributive problem of who gets what, many of the hardest choices facing modern societies are dilemmas of timing. If governments want to reduce public debt, slow climate change, or shore up pension systems, they must typically inflict immediate pain on citizens for gains that will only arrive over the long run. In Governing for the Long Term, Alan M. Jacobs investigates the conditions under which elected governments invest in long-term social benefits at short-term social cost. Jacobs contends that, along the path to adoption, investment-oriented policies must surmount three distinct hurdles to future-oriented state action: a problem of electoral risk, rooted in the scarcity of voter attention; a problem of prediction, deriving from the complexity of long-term policy effects; and a problem of institutional capacity, arising from interest groups' preferences for distributive gains over intertemporal bargains. Testing this argument through a four-country historical analysis of pension policymaking, the book illuminates crucial differences between the causal logics of distributive and intertemporal politics and makes a case for bringing trade-offs over time to the center of the study of policymaking.
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Weitere Infos & Material
Part I. Problem and Theory: 1. The politics of when; 2. Theorizing intertemporal policy choice; Part II. Programmatic Origins: Intertemporal Choice in Pension Design: 3. Investing in the state: the origins of German pensions, 1889; 4. The politics of mistrust: the origins of British pensions, 1925; 5. Investments as political constraint: the origins of US pensions, 1935; 6. Investing for the short term: the origins of Canadian pensions, 1965; Part III. Programmatic Change: Intertemporal Choice in Pension Reform: 7. Investment as last resort: reforming US pensions, 1977 and 1983; 8. Shifting the long-run burden: reforming British pensions, 1986; 9. Committing to investment: reforming Canadian pensions, 1998; 10. Constrained by uncertainty: reforming German pensions, 1989 and 2001; Part IV. Conclusion: 11. Understanding the politics of the long term.




