Sustainable development revisited

Before one can talk about “sustainability”, economic development has to have occurred, and the traditional motor for development has always been economic growth, says Professor Karl Heinrich Oppenländer, President of the ifo Institute for Economic Research. He poses the questions, Is growth policy the best social policy? Has the social market economy failed because of its ties to economic growth, or has this growth simply been too small? What would a strict adherence to the concept of sustainable development mean? This paper was originally presented at the IIPS 10th Anniversary Symposium, “Transforming the Global Order for the 21st Century,” held in Tokyo on 18–19 May 1998.     

Federal Budget Concepts—Bright Lines or Black Holes?

This article reviews a range of issues that are central to the organizing principles of the federal budget—the guidelines that determine whether a transaction belongs in or outside of the budget; and, if it belongs in the budget, how it should be recorded. The article starts by discussing the nature of the federal budget, the powers and responsibilities of the federal government, and related issues, and then discusses four broad sets of budget concepts issues: (I) Budgeting for Earmarked Taxes and Spending; (II) Budgeting for Capital Investment; (III) Classification Categories Within the Budget; and (IV) Evasions of Budgetary Coverage.     

Budget Redirection in Georgia State Government

Budget redirection in Georgia state government represents a change from the expectation of continuous budget growth to an expectation that budget expansion will be accompanied by compensating budget reductions through an ongoing process of priority assessment. Its essential features are: the requirement that state agencies identify a minimum of 5 percent of their current year's budget which becomes the primary means for funding new programs and services in the coming fiscal year; and a limit, based upon revenue projections, on the amount an agency may request above the current year's budget. Like budget reforms in any era, it emanated from a combination of fiscal, managerial, and political objectives.     

Some talk: Money in politics. A (partial) review of the literature

The financing of political campaigns is an area of active scholarly study. I review some of the recent literature and discuss important methodological issues that arise in empirical research on campaign expenditures and campaign contributions. The effects of campaign expenditures and advertising on candidate and ballot-measure elections are summarized, as are the impacts of contributions on contributors’ welfare. Many states have changed their campaign finance laws in the past few years, and I describe work that exploits variations in these laws. A discussion of the strategies used by interest groups to allocate their campaign contributions provides insights into contributors’ motives.     

Zur statistischen Analyse von Vollerhebungen

When analyzing superpopulation data, inferential statistical methods should be used. Empirical tests of hypotheses are subject to a variety of stochastic processes, or “errors”, even if the data involved in those tests are not the product of random sampling. Assumptions about the nature of these processes have to be an explicit part of the analysis and need to be justified. Using several examples of published research, we make transparent that all substantive conclusions are conditional on the assumptions about the nature of the stochastic processes that are at work in generating superpopulation data.     

Political Trust, Ideology, and Public Support for Government Spending

This article analyzes the relationship between political trust, ideology, and public support for government spending. We argue that the political trust heuristic is activated when individuals are asked to sacrifice ideological as well as material interests. Aggregate- and individual-level analysis shows that the effects of political trust on support for government spending are moderated by ideology. Consistent with the unbalanced ideological costs imposed by requests for increased government spending, we find that the effects of political trust are significantly more pronounced among conservatives than among liberals. The analysis further demonstrates that ideology conditions the effects of political trust on attitudes toward both distributive and redistributive spending. Our findings suggest that political trust has policy consequences across a much broader range of policy issues than previously thought.     

Finance capital and peasants in Colonial West Africa: A comment on Cowen and Shenton

The presence of finance capital in colonial West Africa was predicated on the presence of imperial administration and merchant capital. From these it derived its profits. Cowen and Shenton suggested finance capital was seeking to diversify its sources of profit by engaging cocoa farmers in credit. While this may have been true for the period of cocoa boom before the First World War, it is argued in this piece that in 1938‐more than 20 years later ‐ the banks’ motivation was entirely defensive. No diversification was intended, and the action was directed at salvaging current business. This comment does not question Cowen and Shenton's ‘Fabianism’ thesis but substitutes merchant for finance capital as being in conflict with Colonial Office attitudes.