The measurability of budget related rent-seeking

It has been suggested that the extent of rent-seeking expenditures arising from attempts to influence budget allocations should be estimated by the absolute magnitude of the observed changes in allocation. Instead, we argue that it is the extent of theex ante prospective changes that determine the level of rent-seeking, and that in the presence of countervailing activity these may be quite unrelated to the ex post observed values. We further argue that the traditional rent-seeking model of competition for a pre-specified rent is inappropriate in this context.     

The Pending Revolution in Federal Accounting Standards

Accounting standards constitute the body of guidance needed to provide coherence and direction to accountants on how to keep the books. They inform the accountant about the logic of the way that accounting data should be organized and displayed in order to maximize its value to the prospective user. (The prospective users, in the case of federal accounting, range from the president and Congress through agency managers to the general public.) Federal accounting standards are the equivalent, for accounting, of budget concepts for the federal budget. After a long genesis, federal accounting standards are in the midst of a revolution which, if it succeeds, will transform the way accounting reports on federal fiscal activities and how it relates to the federal budget. This article, written from the perspective of a budget concepts technician who has participated in this effort, reviews these developments and where they seem to be heading.     

'To Secure the Blessings of Liberty': Liberty and American Federal Democracy

The founding and subsequent development of the United Stateshave been characterized by a tension between two kinds of liberty,which can be called natural liberty and federal liberty. Naturalliberty refers to the freedom of individuals to do as they pleasewithout being shackled by civil society. Federal liberty refersto the liberty to be a partner in establishing the covenantfounding civil society, and then the liberty to live accordingto the terms of the covenant. Federal liberty has taken twoforms in America: one concerning the relationship between individualsand civil society, and one concerning the relationship betweenthe states and the federal government under the U.S. Constitution.Out of the tension between natural and federal liberty, thereemerged two constitutional traditions: the U.S. constitutionaltradition, which has emphasized individualism and the marketplace,and the state constitutional tradition, which has emphasizedcommunity and commonwealth. Since the end of World War II, however,there has been a shift away from historic syntheses of marketplaceand commonwealth. Increasingly, the states have been deniedtheir constitutional powers to support any particular moralorder other than that of the marketplace, and the federal governmenthas undertaken to establish a new morality of equality for thenation as a whole.     

PREDICTING STATE ABORTION LEGISLATION FROM U.S. SENATE VOTES: THE EFFECTS OF APPARENT IDEOLOGICAL SHIRKING

The recent Supreme Court decision in Webster v. Reproductive Health Services giving more discretion to states to regulate abortion has led to speculation concerning which states might move to limit abortions. Medoff (1989) attempts to predict how state legislatures might vote on state-level abortion legislation by examining the 1983 Senate vote on the Hatch/Eagleton Amendment. We expand upon Medoff's analysis by incor- porating recent developments in agency theory as it applies to the political agents (i.e., Senators) in the empirical model. The results demonstrate that accounting for Senatorial "shirking" and state ideology substantially im- proves the predictive ability of the model for the Senate abortion vote. The predicted votes of the state's Senators, after eliminating the effects of apparent Senatorial shirking, are used to infer the likelihood of state-level legislation substantially restricting abortion. We compare these results to a base model that ignores the issue of shirking and find increased predict- ability and several differing results.     

ECONOMIC CONVERSION: INDUSTRIAL POLICY AND DEMOCRATIC VALUES

While arms control and disarmament represent efforts to respond to the military and political factors in the arms race, there has not been a com- parable effort to reduce the economic incentives. To do so military contrac- tors would have to be able to convert their production facilities to civilian manufacturing without loss of profits or workers.     

Rethinking early intervention

With Bernard Spodek, he edited Early Childhood Education: Issues and Highlights.He has written or edited more than 30 other books and contributed more than 300 articles to educational, psychological, and practitioner journals on such topics as giftedness and talent development, educational productivity, international comparisons, instruction, and parent education.