The Myth of Growth

In 1956, Charles Tiebout, an American economist devised an economic model (dubbed as ‘The Tiebout Model’) geared at advancing the ‘federal argument’ through a fiscal-financial fusion. The ‘Tiebout Model’ counseled that federal units/states within a country contest for migrant influx while offering an analogue to the private sector by rendering alternative baskets of public goods. …

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