Description:... 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.
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.
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شماره کارت : 6104337650971516 شماره حساب : 8228146163 شناسه شبا (انتقال پایا) : IR410120020000008228146163 بانک ملت به نام مهدی تاج دینی