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Showing posts from April, 2024

Critical Moments during Fiscal Crises

 I am writing a second edition to my first book, Follow the Money, and have found interesting events that I had never heard or read about before. My book is an examination of how New York City mayors responded to the demands of federal and state officials as well as financial elites to the city's 1975 fiscal crisis in which city officials were forced to reduce the city's expenditures in order to balance the budget and avoid bankruptcy. Before I write about an interesting event, let me discuss the two political theories are often used to explain decision making around city resources. The first competing theory is pluralism.  The best example of a community power study examining liberal pluralism is Robert Dahl’s famous study of New Haven, Connecticut, Who Governs ?  Dahl concluded that there were multiple centers of power in which groups would come together in different configurations for a particular urban issue. In effect, there are a collection of interest groups all s...