PRIVATE MONEY AND PUBLIC POWER: THE POLITICAL IMPACT OF THE NEW YORK CITY FINANCIAL CRISIS.
Item
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Title
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PRIVATE MONEY AND PUBLIC POWER: THE POLITICAL IMPACT OF THE NEW YORK CITY FINANCIAL CRISIS.
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Identifier
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AAI8222924
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identifier
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8222924
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Creator
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BAILEY, ROBERT WILLIAM.
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Contributor
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Frank J. Macchiarola
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Date
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1982
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Language
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English
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Publisher
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City University of New York.
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Subject
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Political Science, General
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Abstract
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The basic intention of the work is not to describe why the 1975 New York City Financial crisis occurred but to assess its political effects. A secondary intention is to provide an historical account of decision making within the institutions that took over New York's governance--what I have called the "Crisis Regime"--during the 1975-1978 financial emergency period. The data base includes statutes, primary documents, press accounts and some interviews and observation.;After describing changes in public law, detailing the powers given the new institutions created during the crisis--the MAC and the EFCB--and describing the politics of decision making in three case studies during the crisis--the financial plan, the emergence of an EFCB labor policy and the struggle for control over the finances of New York's major public benefit corporations--I attempt to assess the political impact against three dimensions: local policy process, intergovernmental relations and private economic power. Various models of urban policy making including intergovernmental relations, pluralist and elitist models, public choice and neo-marxist theory are applied in different sections.;A final, more speculative chapter concludes the text. It argues that the political system in New York City underwent a fundamental change as a result of the financial crisis moving it toward a more technocratic/planning style of governance. The implications for the community power debate--and thus democratic theory--sum up the entire work.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.
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Program
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Political Science
