Not All Infrastructure Projects Are Worth Doing, Research Paper Finds
A new paper by a pair of economists says the gains from infrastructure spending aren’t always clear-cut and recommends that policymakers examine the costs and benefits of each project. James Poterba, an economist at the Massachusetts Institute of Technology, co-wrote the paper with Edward Glaeser of Harvard University for the Aspen Economic Strategy Group, a division of the nonpartisan Aspen Institute. In some cases, the authors write, the best solution doesn’t involve c