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But the effects of the crude fiscal logic that has often guided those decisions has not been without consequence.
Since the election, I've had such a discussion with more than a dozen people across the political spectrum, each of whom explicitly acknowledges this fiscal logic.
The only fiscal logic was that irrigation infrastructural costs were far too much for farmers to afford; therefore, hydroelectricity sales would be used to subsidize water delivery to farmers, who would eventually repay the initial cost of construction of the dams but with no interest accrued.
That defies fiscal logic.
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As World Bank experts have pointed out (Farole et al 2014), even in the case of China, many SEZs originally designed with good intentions ended up promoting enclave economies where investment flows with a race-to-the-bottom fiscal and wage logic, and employment is created under the claim that a low-paid-job is better than no job at all.
"That there is a 'remorseless logic in fiscal union'".
"More people are openly questioning the economic logic of fiscal austerity at a time of pronounced private-sector weakness.
Unfortunately, they are also horribly divided about what comes next.Mr Krugman and others advocate a bold fiscal expansion, borrowing their logic from Keynes and his contemporary, Richard Kahn.
I may not be interested in seeing these ideas carried out to reality, but this clarity helps me better understand fiscal conservatives and their logic.
Cameron and the chancellor, George Osborne, have been stressing the "relentless logic" of fiscal union, supporting it strongly provided that Britain is not involved.
And in a recession, it might even be a net positive, under the same logic that fiscal stimulus can be beneficial in a downturn.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com