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A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee
A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee
Robert L Sexton
Fiscal Pollution (excessive budget deficits), in certain aspects, is like environmental pollution. In both types of pollution some, possibly most individuals would be willing to reduce their own pollution if others would do the same. In the case of fiscal pollution individuals would be willing to give up their special interest demands if others would reciprocate in kind. But as long as individuals are forced to pay for the programs of others there is little incentive to reduce their own demands. Hence, restraints on political hehavior such as a balanced budget amendment to the U.S. Constitution are needed to control …
Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein
Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein
Richard Adelstein
The role of political economy in the curriculum of MIT, with special attention to the thought of Francis Amasa Walker.