Growth Management Good for the Town, Bad for the Nation?
- 31 March 1990
- journal article
- research article
- Published by Taylor & Francis in Journal of the American Planning Association
- Vol. 56 (1) , 3-8
- https://doi.org/10.1080/01944369008975739
Abstract
In his classic economics text the Nobel laureate Paul Samuelson defined what he calls the “fallacy of com-position”: the idea that what is good for one may not necessarily be good for all. His example is personal saving. Although great for the individual, high rates of savings are bad for society because, unless they take the form of real capital investment, they can lead to a recession.Keywords
This publication has 2 references indexed in Scilit:
- Density and Urban SprawlLand Economics, 1989
- Congestion, Changing Metropolitan Structure, and City Size in the United StatesInternational Regional Science Review, 1989