{"id":442,"date":"2019-03-18T19:48:23","date_gmt":"2019-03-18T19:48:23","guid":{"rendered":"http:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/?page_id=442"},"modified":"2019-04-04T16:07:49","modified_gmt":"2019-04-04T16:07:49","slug":"peter-brown-conti-wharton","status":"publish","type":"page","link":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/","title":{"rendered":"Peter Conti-Brown, Wharton"},"content":{"rendered":"<div><strong>Punctuated Coalitions: A Theory of Legislation (with Michael Ohlrogge and Sean Vanatta)<\/strong><\/div>\n<div><\/div>\n<div>Abstract: What prompts Congress to act? Theories abound about party politics, (over)reaction to crisis, enduring coalitions, and the \u201cstrange bedfellows\u201d of electoral politics. This Article builds on these preexisting theories to argue that the legislative process\u2014beginning, middle, and end\u2014is in an important sense random, that coalitions that develop to advocate for specific legislative outcomes are temporary and include at their center administrative agencies, and that a primary driver of legislation is large and small exogenous shocks. These \u201cpunctuated coalitions\u201d\u2014a neologism we draw from evolutionary theory\u2014require an external event, such as a scandal, a crisis, an election, or the appointment of this person over that person to key posts. But when these events occur, temporary coalitions and anti-coalitions coalesce around policy entrepreneurs to push for legislative outcomes that draw on preexisting intellectual currents, but also strongly reshape them. To demonstrate this theory, this Article surveys the sweep of financial legislation in the long 20th century, beginning with the Federal Reserve Act of 1913 and ending with Dodd-Frank Act of 2010. The Article argues that the study of legislation must in fact be the study of the intersection of intellectual and political history. By analyzing financial legislation through the prism of punctuated coalitions, we see not the logic of a grand cross-century design, but an organized reactions to randomness. The theory also tells us much about current debates about the institutional design of administrative agencies, the stickiness of legislative priorities, and the pitfalls of administrative adjudication. The theory also informs a more accurate view of legislative reform generally. Rather than awaiting a major crisis, financial reformers of all stripes should prepare their ideas for the exogenous shock, preferably with an institutional ally within the administrative state.<\/div>\n<div><\/div>\n<div><a href=\"http:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-content\/uploads\/sites\/126\/2019\/04\/Conti-Brown-CBOV-Coalitional-Theory-March-3-2019.docx\">Conti-Brown, CBOV, Coalitional Theory, March 3, 2019<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Punctuated Coalitions: A Theory of Legislation (with Michael Ohlrogge and Sean Vanatta) Abstract: What prompts Congress to act? Theories abound about party politics, (over)reaction to crisis, enduring coalitions, and the &hellip; <a href=\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\" class=\"\">Read More<\/a><\/p>\n","protected":false},"author":217,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-442","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019\" \/>\n<meta property=\"og:description\" content=\"Punctuated Coalitions: A Theory of Legislation (with Michael Ohlrogge and Sean Vanatta) Abstract: What prompts Congress to act? Theories abound about party politics, (over)reaction to crisis, enduring coalitions, and the &hellip; Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\" \/>\n<meta property=\"og:site_name\" content=\"Big Ten and Friends Paper Workshop 2019\" \/>\n<meta property=\"article:modified_time\" content=\"2019-04-04T16:07:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\",\"url\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\",\"name\":\"Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019\",\"isPartOf\":{\"@id\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/#website\"},\"datePublished\":\"2019-03-18T19:48:23+00:00\",\"dateModified\":\"2019-04-04T16:07:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Peter Conti-Brown, Wharton\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/#website\",\"url\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/\",\"name\":\"Big Ten and Friends Paper Workshop 2019\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/","og_locale":"en_US","og_type":"article","og_title":"Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019","og_description":"Punctuated Coalitions: A Theory of Legislation (with Michael Ohlrogge and Sean Vanatta) Abstract: What prompts Congress to act? Theories abound about party politics, (over)reaction to crisis, enduring coalitions, and the &hellip; Read More","og_url":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/","og_site_name":"Big Ten and Friends Paper Workshop 2019","article_modified_time":"2019-04-04T16:07:49+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/","url":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/","name":"Peter Conti-Brown, Wharton - Big Ten and Friends Paper Workshop 2019","isPartOf":{"@id":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/#website"},"datePublished":"2019-03-18T19:48:23+00:00","dateModified":"2019-04-04T16:07:49+00:00","breadcrumb":{"@id":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/peter-brown-conti-wharton\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/"},{"@type":"ListItem","position":2,"name":"Peter Conti-Brown, Wharton"}]},{"@type":"WebSite","@id":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/#website","url":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/","name":"Big Ten and Friends Paper Workshop 2019","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/pages\/442"}],"collection":[{"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/users\/217"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/comments?post=442"}],"version-history":[{"count":4,"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/pages\/442\/revisions"}],"predecessor-version":[{"id":524,"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/pages\/442\/revisions\/524"}],"wp:attachment":[{"href":"https:\/\/sites.rutgers.edu\/big10-friends-paper-workshop-2019\/wp-json\/wp\/v2\/media?parent=442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}