Federal development efforts have done little to improve the economic plight of Native Americans. Created in 1965, the Economic Development Administration has failed in its mission to increase employment and incomes on American Indian reservations because, lacking a price system, it grossly misallocates resources.
The Failure of State-Led Economic Development on American Indian Reservations
By Rachel L. Mathers
This
article
appeared in
the Summer 2012 issue of The Independent Review.
Bureaucracy and GovernmentEconomic History and DevelopmentEconomic PolicyEconomyGovernment and PoliticsLabor and EmploymentPublic Choice