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Corruption and ReformLessons from America's Economic History$
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Edward L. Glaeser and Claudia Goldin

Print publication date: 2006

Print ISBN-13: 9780226299570

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226299594.001.0001

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PRINTED FROM CHICAGO SCHOLARSHIP ONLINE (www.chicago.universitypressscholarship.com). (c) Copyright University of Chicago Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CHSO for personal use.date: 19 September 2021

Water, Water Everywhere

Water, Water Everywhere

Municipal Finance and Water Supply in American Cities

Chapter:
(p.153) 5 Water, Water Everywhere
Source:
Corruption and Reform
Author(s):
David Cutler, Grant Miller
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226299594.003.0006

This chapter examines corruption in municipal finance and water supply projects in American cities. It suggests that corruption does not alone determine the extent of public good formation and argues that despite the corruption of municipal governments the increasing availability of municipal credit during the Gilded Age made large-scale water projects feasible. The analysis indicates that though corruption is undesirable and inefficient it can go hand in hand with policies that improve public welfare if corrupt politicians seek both political support and a robust economy to exploit.

Keywords:   municipal finance, water supply projects, American cities, public good, municipal credit, Gilded Age, public welfare, political support, corrupt politicians

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