Hamilton's Paradox

Hamilton's Paradox
Author :
Publisher : Cambridge University Press
Total Pages : 335
Release :
ISBN-10 : 9780521842693
ISBN-13 : 0521842697
Rating : 4/5 (697 Downloads)

Book Synopsis Hamilton's Paradox by : Jonathan Rodden

Download or read book Hamilton's Paradox written by Jonathan Rodden and published by Cambridge University Press. This book was released on 2006 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: As new federations take shape and old ones are revived around the world, a difficult challenge is to create incentives for fiscal discipline. By combining theory, quantitative analysis, and historical and contemporary case studies, this book lays out the first systematic explanation of why decentralized countries have had dramatically different fiscal experiences. It provides insights into current policy debates from Latin America to the European Union, and a new perspective on a tension between the promise and peril of federalism that has characterized the literature since The Federalist Papers.


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