WHEN THE PARTY'S OVER by Christopher Hood (Editor), David Heald (Editor), Rozana Himaz (Editor) ( 9780197265734 )

Item Details

Title:

WHEN THE PARTY'S OVER
THE POLITICS OF FISCAL SQUEEZE IN PERSPECTIVE

By:

Christopher Hood (Editor), David Heald (Editor), Rozana Himaz (Editor)

Format:

Hardback

List price:

£65.00

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£56.88

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£8.12

ISBN 10:

0197265731

ISBN 13:

9780197265734

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Publisher:

OXFORD UNIVERSITY PRESS

Pub. date:

2 October, 2014

Series:

Proceedings of the British Academy Vol. 197

Pages:

296

Description:

This book examines nine historical cases of fiscal squeeze in democracies. It combines quantitative and qualitative analysis to examine cases ranging from the United States in the 1830s/40s (when half of the states then in the Union defaulted) to the squeeze following the 2001 Argentinian default. It warns against a simplistic view of 'what works'.

Synopsis:

The politics of cutting public spending or raising taxes (or both) has dominated politics in many democracies in recent years. A new era of conflict has developed, with old political alignments being tested and new battles emerging over whose expectations are to be disappointed and who should be blamed for fiscal squeeze. Do parties who cut spending always go down to defeat in elections? Are there 'best practice' cases that every government should follow when it has to cut spending or raise taxes to balance its public finances? Such issues have mainly been analysed from an economic or financial perspective and in the context of recent cases. By contrast, this book focuses on the politics of fiscal squeeze and takes a longer view. It combines quantitative and qualitative analysis to examine cases ranging from the fiscal squeeze in the United States in the 1830s/40s (when half of the states then in the Union defaulted) to the squeeze following the 2001 Argentinian default. It assesses who were the winners and losers, who got the blame and what were the longer-term effects on politics and government.It argues that 'how to do it' approaches to fiscal squeeze in democracies, based on apparently successful cases, often fail to take into account profound differences in circumstances.

Illustrations:

figures and Tables

Publication:

Imprint:

Oxford University Press

Returns:

Returnable

Some other items by this author:

A CENTURY OF FISCAL SQUEEZE POLITICS (HB)

A GOVERNMENT THAT WORKED BETTER AND COST LESS? (HB)

A READER ON REGULATION (HB)

ACCIDENT AND DESIGN