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Political Economy Commons

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Full-Text Articles in Political Economy

A Pollution Control Approach To Analysis Of The Balanced Budget Amendment, Robert L. Sexton, Dwight R. Lee Sep 1988

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 ...


Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein Jan 1988

Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein

Division II Faculty Publications

The role of political economy in the curriculum of MIT, with special attention to the thought of Francis Amasa Walker.


Mind And Hand: Economics And Engineering At The Massachusetts Institute Of Technology, Richard Adelstein Dec 1987

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.