As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
Equilibrium Impotence: Why the States and Not the American National Government Financed Economic Development in the Antebellum Era
Using models of legislative choice, the authors show that Congress could not finance projects that provided benefits to a minority of districts while spreading the taxes over all.
Link
Available for purchase at: http://papers.nber.org/papers/W11397