Deficits, Debt, and Democracy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Deficits, Debt, and Democracy write by Richard E. Wagner. This book was released on 2012-01-01. Deficits, Debt, and Democracy available in PDF, EPUB and Kindle. This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can nonetheless be limited through embracing once again a constitution of liberty. Not all commons settings have tragic outcomes, of course, but tragic outcomes loom large in democratic processes because they entail conflict between two very different forms of substantive rationality; the political and market rationalities. These are both orders that contain interactions among participants, but the institutional frameworks that govern those interactions differ, generating democratic budgetary tragedies. Those tragedies, moreover, are inherent in the conflict between the different rationalities and so cannot be eliminated. They can, as this book argues, be reduced by restoring a constitution of liberty in place of the constitution of control that has taken shape throughout the west over the past century. Economists interested in public finance, public policy and political economy along with scholars of political science, public administration, law and political philosophy will find this book intriguing.
Deficits and Debt in Industrialized Democracies
Deficits and Debt in Industrialized Democracies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Deficits and Debt in Industrialized Democracies write by Eisaku Ide. This book was released on 2015-03-24. Deficits and Debt in Industrialized Democracies available in PDF, EPUB and Kindle. Since the global financial crisis, government debt has soared globally by 40 percent and now exceeds an astonishing $100 trillion. Not all countries, though, have fared the same. Indeed, even prior to the financial crisis, the fiscal fates of countries have been diverging, despite predictions that pressures from economic globalization push countries toward more convergent fiscally conservative policies. Featuring the work of an international interdisciplinary team of scholars, this volume explains patterns of fiscal performance (persistent patterns of budget deficits and government debt) from the 1970s to the present across seven countries – France, Italy, Germany, Japan, South Korea, Sweden, and the United States. Employing a comparative case study approach, seldom employed in studies of fiscal performance, contributions illuminate the complex causal factors often overlooked by quantitative studies and advances our theoretical understanding of fiscal performance. Among other things, the cases highlight the role of taxpayer consent, tax structure, the welfare state, organization of interests, and labor and financial markets in shaping fiscal outcomes. A necessary resource to understand a broader array of factors that shape fiscal outcomes in specific national contexts, this book will reinvigorate the study of fiscal performance.
Public Debt
Public Debt - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Public Debt write by Giuseppe Eusepi. This book was released on 2017-06-30. Public Debt available in PDF, EPUB and Kindle. Over the past decades, economists have witnessed with growing uneasiness their failure to explain the ballooning of public debt in most countries. This book provides an alternative orientation that explains why concepts of public debt that are relevant for authoritarian regimes are not relevant for democratic regimes. Using methodological individualism and micro-economics, this book overcomes flaws inherent in the standard macro approach, according to which governments manipulate public debt to promote systemic stability. This unique analysis is grounded in the writings of Antonio de Viti de Marco, injecting current analytical contributions and formulations into the framework to offer a forthright insight into public debt and political economy.
Debt Default and Democracy
Debt Default and Democracy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Debt Default and Democracy write by Giuseppe Eusepi. This book was released on 2018. Debt Default and Democracy available in PDF, EPUB and Kindle. The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.
A positive theory of fiscal deficits and government debt in a democracy
A positive theory of fiscal deficits and government debt in a democracy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A positive theory of fiscal deficits and government debt in a democracy write by Alberto Alesina. This book was released on 1987. A positive theory of fiscal deficits and government debt in a democracy available in PDF, EPUB and Kindle.
