A Pollution Control Approach to Analysis of the Balanced Budget Amendment

American Journal of Economics and Sociology, Vol. 47, No. 4, October 1988

4 Pages Posted: 4 Aug 2011

See all articles by Dwight Lee

Dwight Lee

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics

Robert L. Sexton

Pepperdine University - Economics Department

Date Written: 1988

Abstract

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 behavior such as a balanced budget amendment to the U.S. Constitution are needed to control excessive fiscal pollution.

Suggested Citation

Lee, Dwight and Sexton, Robert L., A Pollution Control Approach to Analysis of the Balanced Budget Amendment (1988). American Journal of Economics and Sociology, Vol. 47, No. 4, October 1988. Available at SSRN: https://ssrn.com/abstract=1904941

Dwight Lee (Contact Author)

University of Georgia - C. Herman and Mary Virginia Terry College of Business - Department of Economics ( email )

Athens, GA 30602-6254
United States

Robert L. Sexton

Pepperdine University - Economics Department ( email )

24255 Pacific Coast Highway
Malibu, CA 90263
United States

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