Governing for the long term : democracy and the politics of investment / / Alan M. Jacobs.
"This book examines how democratic governments manage long-term policy challenges, asking how elected politicians choose between providing policy benefits in the present and investing in the future"--
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| Year of Publication: | 2011 |
| Language: | English |
| Online Access: | |
| Physical Description: | xv, 306 p. :; ill. |
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| Summary: | "This book examines how democratic governments manage long-term policy challenges, asking how elected politicians choose between providing policy benefits in the present and investing in the future"-- "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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| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9780521195850 (hardback) 9781139079945 (electronic bk.) |
| Hierarchical level: | Monograph |
| Statement of Responsibility: | Alan M. Jacobs. |