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This volume explores, both in theory and in practice, what "social
coordination" is and how public policies can help or hinder the
processes of social coordination. In particular, these chapters
examine the institutional incentives that motivate public policy
decisions and their implementation to achieve specific individual
and social goals. Some chapters in this volume are more
theoretical, applying insights from the Austrian, Virginia, and
Bloomington schools of political economy to public policy issues.
Other chapters are more practical, exploring the broader
implications of these theories to real-world public policy puzzles.
Authored by individuals from a variety of disciplines with diverse
interests in public policy, this work includes discussions of
topics such as environmental policy, housing policy, and education
policy, among others. A unifying theme across the chapters is that
policymakers often advise one-size-fits-all solutions to
complicated public policy questions but ignore the multitude of
incentives faced by the "players of the game" and the subsequent
development of diverse forms of social coordination. Social
coordination is often left out public policy analysis but is
crucial to the success of informal and formal institutional
arrangements. The chapters aim to disentangle these issues of
social coordination in public policy in theory and practice.
In this book on new fiscal approaches, nineteen experts examine
topics ranging from constitutional reform and debt fatigue to
fiscal rules and zero-based budgeting. Together, these
contributions inform a multifaceted, nuanced argument for the need
to formalize spending restraint and redefine state debt to include
unfunded liabilities. Scholars will find the book useful as a
reference tool explaining how rules-based fiscal policy is used to
address debt fatigue and unsustainable spending growth. Legislators
and practitioners will find the book useful as a reference source
in designing and simulating second generation fiscal rules, and
educators will find the book helpful for its close analysis of
policies in representative states such as Illinois, New York, New
Jersey, Nebraska, and California.
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