Stories and Interests in Finance: Agendas of Governance before and after the Financial Crisis

The financial crisis can be understood in many different terms. In this article, it is analyzed in terms of the unfolding of a series of elite narratives that shaped the agenda of regulation before the crisis, that were damaged by the crisis, and that were then reframed and recounted again in the wake of the crisis. The form of these stories differs in subtle ways by jurisdiction, and thus the fate of postcrisis regulatory practice likewise differs.     

SEVERE SANCTIONS,EASY CHOICE? INVESTIGATING THE ROLE OF SCHOOL SANCTIONS IN PREVENTING ADOLESCENT VIOLENT OFFENDING*

Although schools in the United States adopted harsher disciplinary policies in the early 1990s, to date, there is little evidence showing whether severe school sanctions against student misconduct prevent crime. Drawing on both deterrence and rational choice theories, we test the proposition that harsh school‐based policies against violence reduce students’ involvement in violent behavior. However, in contrast to prior research that explores the direct link between sanctions and student behavior, we emphasize the role of school sanctions in adolescent cognitive decision‐making processes, hypothesizing that school sanctions against violence condition the effect of thoughtfully reflective decision making (TRDM) on adolescent involvement in violent behavior. We use data from the first two waves of the National Longitudinal Study of Adolescent Health to test our research hypotheses. The results from a series of multilevel models show that more severe school sanctions against violence (i.e., home suspension and expulsion) disarm the process of cognitive reflection and attenuate the effect of low TRDM on violent offending.     

DOES UNDOCUMENTED IMMIGRATION INCREASE VIOLENT CRIME?*

Despite substantial public, political, and scholarly attention to the issue of immigration and crime, we know little about the criminological consequences of undocumented immigration. As a result, fundamental questions about whether undocumented immigration increases violent crime remain unanswered. In an attempt to address this gap, we combine newly developed estimates of the unauthorized population with multiple data sources to capture the criminal, socioeconomic, and demographic context of all 50 states and Washington, DC, from 1990 to 2014 to provide the first longitudinal analysis of the macro‐level relationship between undocumented immigration and violence. The results from fixed‐effects regression models reveal that undocumented immigration does not increase violence. Rather, the relationship between undocumented immigration and violent crime is generally negative, although not significant in all specifications. Using supplemental models of victimization data and instrumental variable methods, we find little evidence that these results are due to decreased reporting or selective migration to avoid crime. We consider the theoretical and policy implications of these findings against the backdrop of the dramatic increase in immigration enforcement in recent decades.     

Learning from Second‐Hand Experience: Methodology for Extrapolation‐Oriented Case Research

Critics of public management reform complain that governments copy legitimated foreign practices. Recent work by Eugene Bardach helps to explain why: neither government analysts nor academic researchers possess an adequate methodology to examine practices in source sites, with a view toward adaptation in target sites. Rather than complain, Bardach takes steps to develop such a methodology, drawing analogies with reverse engineering. This article offers specific guidance about how researchers can effectively investigate practices in source sites to prepare the ground for disciplined and ingenious extrapolation of practices from source to target sites. The resulting translation is illustrated by an extrapolation‐oriented case study.     

State Debt Limits: How Many Are Enough?

There is a growing concern among state policy makers that unrestrained debt may exceed politically acceptable or financially sustainable levels of debt. Many states have established limits to restrict debt, but many of these limits are circumvented through issuing more complex and specialized bonds. In this article, we focus on the use of debt limits as an instrument to manage a state's debt in context of two key questions: (1) under what circumstances should a state consider multiple debt limits and (2) if multiple limits are established, what factors should be considered in setting such multiple limits. In addressing these issues, we consider the theoretical and conceptual issues associated with setting debt limits, we highlight current state debt limit policies, and discuss factors that appear to be influencing decisions to establish and set multiple limits.     

POLICY-MAKING AND THE SCOTTISH OFFICE: THE DESIGNATION OF CUMBERNAULD NEW TOWN

The role of the Scottish Office in policy-making has been subject to a number of interpretations. It is difficult to regard it as having its own reserved policy spheres but it is clear that in certain circumstances it has the ability to forge its own policy lines. In the 1950s, in contradiction to the stated policy of the then Conservative Government. the Scottish Office was able to secure the designation of a new town at Cumbernauld. The main impetus for this policy came from the civil servants in the Department of Health for Scotland, seeking to preserve the philosophy of the 1946 Clyde Valley Plan. The case study throws considerable light on the bargaining process within government, the role of the secretary of state as spokesman for Scottish interests and the way in which the Scottish Office can gain Cabinet approval for its proposals.     

THE PUBLIC SERVICE ORIENTATION: ISSUES AND DILEMMAS

The public service orientation sets service for the public as the key organizational value, providing motivation and purposes both for the local authority and its staff. This article describes the public service orientation before focusing on the major issues which this orientation raises. In particular, it examines service for, not to, the public; the ways in which the public service Orientation differs from consumerism; and the relationship to the political process. Finally, the article surveys the dilemmas posed by the public service orientation.     

Making a Nation in Kenya

The address that follows was given by in the Hon. Michael BlundellM.L.C. former Minister of Agriculture, Kenya, at a joint meetingof the Royal African Society and the Royal Commonwealth Societyon May 7,1959. Mr. Brian Macdona, Vice Chairman of the Councilof the Royal African Society, took the chair.