State Rainy Day Funds and Fiscal Crises: Rainy Day Funds and the 1990–1991 Recession Revisited

The recession of the early 1980s prompted many states to establish budget stabilization (rainy day) funds. Initial examinations of rainy day funds find a limited impact by the funds in alleviating fiscal stress. In this article, we propose an enhanced model of rainy day fund impact. Using data from 48 states for the 1990–1991 recession, our analysis indicates that the presence of a number of structural factors and the maintenance of generally large balances in other funds entering recession helps to alleviate fiscal stress when a state's economy is in recession.     

Rational Choice and Community Power Structures1

The community power debate concluded with each side believing they had won. Political theorists have generalized power, making empirical investigation very difficult; urban scholars have turned their attention to more manageable empirical problems. Rational choice advances the debate, exposing the errors of all sides and facilitating a new approach which transcends structural versus individualist methods. By separating various aspects of power in urban contexts, complementary techniques such as network analysis in a bargaining framework, semi-structured interviewing and the use of text databases permits a comprehensive investigation of agenda-setting and the mobilization of bias. The paper demonstrates the utility of this approach by comparing it to 'regime theory', the latest paradigm of urban research.     

Nietzsche on Autonomy and Morality: the Challenge to Political Theory

Nietzsche's challenge to political theory can be located in his claim that autonomy and morality are mutually exclusive. In this paper an examination of Kant's attempt to ground a notion of autonomy through constructing a metaphysic of morals is followed by a consideration of Nietzsche's understanding of autonomy in terms of a notion of supra-moral sovereign individuality. A genealogy of morals represents an attempt to historicize the key notions of moral and political theory. Nietzsche's aristocratic conception of sovereign individuality is seen in terms of the value-basis on which sovereign individuals are to construct a common ethical and political identity and enter into social relationships. Foucaultian and feminist attempts to construct an ethics and politics of difference and a recent attempt to construct a post-modern conception of agency based on a synthesis of Nietzsche's philosophy of power and Kant's ethics are examined.     

The Geography of Empire

Abstract

Wealth and poverty, overdevelopment and underdevelopment, are sides of the same coin; in a capitalist system the one cannot exist without the other. This is as true at the global level as at the national level, and the U.S. Empire consists of both external and internal colonies (e.g. the ghettoes or the Indian and Chicano communities of the Southwest).