TY - BOOK AU - Jacobs,Alan M. TI - Governing for the Long Term: Democracy and the Politics of Investment SN - 9780511921766 (ebook) AV - HN28 .J29 2011 U1 - 331.25/2 22 PY - 2011/// CY - Cambridge PB - Cambridge University Press KW - Social policy KW - Social choice KW - Political planning KW - Welfare economics N1 - Title from publisher's bibliographic system (viewed on 04 Apr 2016) N2 - In Governing for the Long Term, Alan M. Jacobs investigates the conditions under which elected governments invest in long-term social benefits at short-term social cost. Jacobs contends that, along the path to adoption, investment-oriented policies must surmount three distinct hurdles to future-oriented state action: a problem of electoral risk, rooted in the scarcity of voter attention; a problem of prediction, deriving from the complexity of long-term policy effects; and a problem of institutional capacity, arising from interest groups' preferences for distributive gains over intertemporal bargains. Testing this argument through a four-country historical analysis of pension policymaking, the book illuminates crucial differences between the causal logics of distributive and intertemporal politics and makes a case for bringing trade-offs over time to the center of the study of policymaking UR - http://dx.doi.org/10.1017/CBO9780511921766 ER -