The Ends of Deliberation: Meta‐consensus and Inter‐subjective Rationality as Ideal Outcomes

Normative deliberative theory has contributed much to an understanding of ideal procedural standards, but there is considerable uncertainty regarding the appropriate nature of desired deliberative outcomes. In this paper we identify two inter‐related concepts of meta‐consensus and inter‐subjective rationality as outcomes that an authentic deliberative process ought to produce. Importantly, these deliberative ends are consistent with ideal deliberative procedure. They are also empirically tractable, where preference transformation can be described in terms of underlying values, and judgments. Methods for assessing deliberative ends are provided and demonstrated using a case study.     

An Early Community-Based Intervention for the Prevention of Substance Abuse and Other Delinquent Behavior

This paper presents the results of an evaluation of an early intervention, risk-reduction strategy versus a standard intervention approach in the treatment of inner-city youth at high risk of adopting a deviant lifestyle. It examines baseline and 1-year follow-up information provided by 408 youth admitted to 2 community-based Baltimore City Youth Bureaus offering counseling services for neighborhood youth referred for delinquent and other problematic behavior. In the study, one of these bureaus served as the experimental intervention clinic and the other as the control, or standard intervention, clinic. Outcome measures involved substance abuse; sexual activity; contact with juvenile authorities; and delinquent activity, including violence-related activity. Regression analyses of outcome measures revealed significant differential results for delinquent activity, which favored the experimental intervention. Relationships between risk/protective factors and outcome are discussed.     

Municipal Bond Insurance: Trends and Prospects

Privately sold bond insurance is the most common form of credit enhancement for municipal bonds. Research generally finds that bond insurance reduces interest costs for lower rated, long–term debt issues. Researchers have concluded that these results are consistent with presumed investor risk aversion, as well as more "rational" risk management behaviors, and with theories concerning the efficiency–enhancing properties of financial intermediation in imperfect markets. We propose a research agenda based both on traditional theories and on additional hypotheses that seek to account for the observed use of bond insurance where net savings would not normally be predicted.