Politicl Crisis/fiscal Crisi - Hardcover

Shefter

Hardcover

ISBN 10: 0465058752 ISBN 13: 9780465058754

Publisher: Basic Books, 1985

Synopsis

This study examines the factors that caused New York City's financial crisis in 1975 and demonstrates how these manifestations of newly evolved political alliances and systems continue to undermine the city's financial stability. It shows how these problems, which are enduring features of the city's political system, are not unique to New York but a threat to the financial stability of most major American cities. The volume won the American Political Science Association's Award for the Best Book on Urban Policy.

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Reviews

A decade ago, New York City, unable to sell its bonds and meet its payroll and other obligations, was on the verge of bankruptcy. The crisis was averted only after the city administration agreed to stringent fiscal restraints forced on it by a coalition of reform-minded political groups. Shefter (Government, Cornell) shows how New York, in its long history, had faced such a crisis five other times before. In many ways, there are striking similarities common to all such events in terms of causes, consequences, and solutions. Shefter is concerned with whether the recurring problem is inherent in New York's political system itself. His findings have significant implications for the prospect of democratic governance throughout urban America. Recommended for academic and large public libraries. M. Balachandran, Univ. of Illinois Lib., Urbana-Champaign
Copyright 1985 Reed Business Information, Inc.

Edition details

• Publisher: Basic Books
• Publication date: 1985
• Language: English
• ISBN 10: 0465058752
• ISBN 13: 9780465058754
• Binding: Hardcover
• Edition number: 1
• Number of pages: 270