Questioning Credible Commitment


Book Description

Financial capitalism emerged in a recognisably modern form in late seventeenth- and eighteenth-century Great Britain. Following the seminal work of Douglass C. North and Barry R. Weingast (1989), many scholars have concluded that the 'credible commitment' that was provided by parliamentary backing of government as a result of the Glorious Revolution of 1688 provided the key institutional underpinning on which modern public finances depend. In this book, a specially commissioned group of historians and economists examine and challenge the North and Weingast thesis to show that multiple commitment mechanisms were necessary to convince public creditors that sovereign debt constituted a relatively accessible, safe and liquid investment vehicle. Questioning Credible Commitment provides academics and practitioners with a broader understanding of the origins of financial capitalism, and, with its focus on theoretical and policy frameworks, shows the significance of the debate to current macroeconomic policy making.




The Politics of Property Rights


Book Description

This book addresses a puzzle in political economy: why is it that political instability does not necessarily translate into economic stagnation or collapse? In order to address this puzzle, it advances a theory about property rights systems in many less developed countries. In this theory, governments do not have to enforce property rights as a public good. Instead, they may enforce property rights selectively (as a private good), and share the resulting rents with the group of asset holders who are integrated into the government. Focusing on Mexico, this book explains how the property rights system was constructed during the Porfirio Díaz dictatorship (1876-1911) and then explores how this property rights system either survived, or was reconstructed. The result is an analytic economic history of Mexico under both stability and instability, and a generalizable framework about the interaction of political and economic institutions.




Calculating Credibility


Book Description

"Daryl G. Press uses historical evidence to answer two crucial questions: When a country backs down in a crisis, does its credibility suffer? How do leaders assess their adversaries' credibility? Press illuminates the decision-making processes behind events such as the crises in Europe that preceded World War II, the superpower showdowns over Berlin in the 1950s and 60s, and the Cuban Missile Crisis."--Page 4 of cover.




The International Criminal Court


Book Description

A universal criminal court : the emergence of an idea -- The global civil society campaign -- The victory : the independent prosecutor -- The defeat : no universal jurisdiction -- The controversy : gender and forced pregnancy -- The missed chance : banning weapons -- A global civil society achievement : why rejoice?




Credible Commitments?


Book Description




The Strategy of Conflict


Book Description

Analyzes the nature of international disagreements and conflict resolution in terms of game theory and non-zero-sum games.




Incredible Commitments


Book Description

Even when they don't want peace, combatants seek out UN peacemaking for its unique tactical, material, and symbolic benefits.




Democratic Commitments


Book Description

From the refusal of the U.S. Congress to approve fast-track trade authority and certain foreign aid packages to the obstacles placed by Western European parliaments in the path of economic integration, legislatures often interfere with national leaders' efforts to reach and implement predictable international agreements. This seems to give an advantage to dictators, who can bluff with confidence and make decisions without consultation, and many assume that even democratic governments would do better to minimize political dissent and speak foreign policy from a single mouth. In this thoughtful, empirically grounded challenge to the assumption that messy domestic politics undermine democracies' ability to conduct international relations, Lisa Martin argues that legislatures--and particularly the apparently problematic openness of their proceedings--actually serve foreign policy well by giving credibility to the international commitments that are made. Examining the American cases of economic sanctions, the use of executive agreements versus treaties, and food assistance, in addition to the establishment of the European Union, Martin concludes that--if institutionalized--even rancorous domestic conversations between executives and legislatures augment rather than impede states' international dealings. Such interactions strengthen and legitimize states' bargaining positions and international commitments, increasing their capacity to realize international cooperation. By expanding our comprehension of how domestic politics affect international dialogue, this work is a major advance in the field of international relations and critical reading for those who study or forge foreign policy.




Insurgency and Credible Commitment in Autocracies and Democracies


Book Description

This paper suggests a new factor that makes civil war more likely: the inability of political actors to make credible promises to broad segments of society. Lacking this ability, both elected and unelected governments pursue public policies that leave citizens less well-off and more prone to revolt. At the same time, these actors have a reduced ability to build an anti-insurgency capacity in the first place, since they are less able to prevent anti-insurgents from themselves mounting coups. But while reducing the risk of conflict overall, increasing credibility can, over some range, worsen the effects of natural resources and ethnic fragmentation on civil war. Empirical tests using various measures of political credibility support these conclusions.




Of Rule and Revenue


Book Description

Margaret Levi's wide-ranging theoretical and historical study demonstrates the importance of political relative to economic factors in accounting for revenue production policies.