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New Orleans: Political Economy of Public Money

New Orleans: Political Economy of Public Money. Aaron Schneider New Orleans Political Economy Workshop 10 th of September, 2010. Describe “satellite” governance Explore in New Orleans Generate hypotheses to explain why New Orleans looks the way it does

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New Orleans: Political Economy of Public Money

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  1. New Orleans: Political Economy of Public Money Aaron Schneider New Orleans Political Economy Workshop 10th of September, 2010

  2. Describe “satellite” governance • Explore in New Orleans • Generate hypotheses to explain why New Orleans looks the way it does • Move towards transparent and democratic governance

  3. Dimensions of Budgeting • Comprehensiveness vs. Off-budget, quasi-public entities • Transparency vs. Obscure • Legitimacy vs. Captured(?) • Satellite Governance • Multiple entities of public authority • Inconsistent and obscure reporting • Public finance decisions tend towards narrow, private interests

  4. Predicted vs. Actual NO Finance

  5. Satellite Entities

  6. Audubon Commission • 1870s Origins in reconstruction era speculation • 1914 Legal mandate to encourage private profit • 1950s Struggle between state government and city administration • 1970s Audubon Institute efficiency, private profit • 1990s incrementalist residue in Planetarium

  7. Hypotheses to explain satellite governance • Efficiency – to ease red tape • Incrementalism - because NOLA is old and decisions accumulate • Political Conflict – to hide power, privilege from political rivals • Crony Capitalism – to facilitate rent for private actors • Corruption – to facilitate illegal rents for private actors

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