Download PDF Hamilton Paradox The Promise and Peril of Fiscal Federalism Cambridge Studies in Comparative Politics Jonathan Rodden 9780521603669 Books

Product details Series Cambridge Studies in Comparative Politics Paperback 336 pages Publisher Cambridge University Press (December 26, 2005) Language English ISBN-10 0521603668

Hamilton Paradox The Promise and Peril of Fiscal Federalism Cambridge Studies in Comparative Politics Jonathan Rodden 9780521603669 Books Reviews

• As the book's title suggests, the problem of how to restrain local governments from excessive spending when they are backed up by a federal guarantee has haunted federalism since Hamilton's time. Rodden's book takes a nuanced approach to this question with careful hypotheses that interact federal autonomy with national and local fiscal discipline. He then tests the hypotheses with data from OECD countries. Highly recommended for student of political economy and/or federalism.