The Review of Economics and Statistics Vol. 42 No. 4 1960
Economies of Scale and Metropolitan Governments
Abstract
not to work in a stabilizing fashion over short cycles. Still another example is given in a recent article 6 which suggests that the orthodox notion of municipal finance being fiscally perverse, while correct for major swings in economic activity, is just the reverse for minor ups and downs. Our lists need reexamination in light of the postwar experience. This does not imply that major swings are no longer a problem; rather that lesser swings are different in character and also worthy of the attention of fiscal policy makers.
- DOI
- 10.2307/1925694
- Volume
- 42
- Issue
- 4
- Pages
- 442
- Sources
- openalex crossref