Supporters of accelerated depreciation in 1981 acknowledged that it favored heavy industry (smokestack America) but argued that
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Supporters of accelerated depreciation in 1981 acknowledged that it favored heavy industry ("smokestack America") but argued that this was desirable. Why do economists tend to look askance at such arguments? Can you identify any major market failures? If it were decided to subsidize these industries, in what other ways might it be done?
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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