Why the U.S. Economy Needs More Consolidation, Not Less, a recent paper from the Information Technology & Innovation Foundation (ITIF), explains from an economics perspective the advantages of scale economy for improving an industry’s overall efficiency and productivity. Not all industries see significant economies of scale as firms grow, ITIF research points out. In fact, one in four sectors in the 938 NAICS industries do not, ITIF reports, suggesting—but not discussed, that some public policies designed to improve the performance of these small business-oriented sectors may be beneficial. Policy recommendations included in the report are intended to discourage the federal government from refining regulations governing mergers, acquisitions, and potential monopolizing effects from increased consolidation in those 710 sectors where increased consolidation yields greater efficiency and corporate receipts.