Winner of the Harold Lasswell Award of the American Political Science AssociationThe FSFIC failed spectacularly during the 1980s, costing taxpayers an estimated $200 billion. In this award-winning analysis, Rom examines the political causes of this \u201cthrift tragedy.\u201d He directly confronts-and rejects-the dominant scholarly \u201cpublic choice\u201d view that public officials were motivated mainly be self-interest. Instead, Rom argues that...