cover of book
 

Rules and Restraint: Government Spending and the Design of Institutions
by David M. Primo
University of Chicago Press, 2007
Paper: 978-0-226-68260-0 | eISBN: 978-0-226-68261-7 | Cloth: 978-0-226-68259-4
Library of Congress Classification HJ257.3.P75 2007
Dewey Decimal Classification 352.4973

ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK
Government spending has increased dramatically in the United States since World War II despite the many rules intended to rein in the insatiable appetite for tax revenue most politicians seem to share. Drawing on examples from the federal and state governments, Rules and Restraint explains in lucid, nontechnical prose why these budget rules tend to fail, and proposes original alternatives for imposing much-needed fiscal discipline on our legislators.

One reason budget rules are ineffective, David Primo shows, is that politicians often create and preserve loopholes to protect programs that benefit their constituents. Another reason is that legislators must enforce their own provisions, an arrangement that is seriously compromised by their unwillingness to abide by rules that demand short-term sacrifices for the sake of long-term gain. Convinced that budget rules enacted through such a flawed legislative process are unlikely to work, Primo ultimately calls for a careful debate over the advantages and drawbacks of a constitutional convention initiated by the states—a radical step that would bypass Congress to create a path toward change. Rules and Restraint will be required reading for anyone interested in institutional design, legislatures, and policymaking.

See other books on: Design | Economic Policy | Finance, Public | Institutions | Rules
See other titles from University of Chicago Press

Reference metadata exposed for Zotero via unAPI.