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The Origins of American Public Finance - Debates over Money, Debt, and Taxes in the Constitutional Era, 1776-1836 (Hardcover, New)
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The Origins of American Public Finance - Debates over Money, Debt, and Taxes in the Constitutional Era, 1776-1836 (Hardcover, New)
Series: Contributions in Economics and Economic History
Expected to ship within 10 - 15 working days
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An examination of an early version of the debate over money, debt,
and taxes sheds light on current debates regarding public finance,
a balanced budget, and paying off the public debt. Stabile shows
that while special interest lobbying during the constitutional
convention produced tax loopholes as part of the Constitution,
determined leaders were able to get a reluctant population used to
paying taxes and were capable of putting together plans of public
finance that attained their goals. Such historical evidence
challenges the view that political leaders are incapable of passing
the unpopular taxes needed to balance the federal government's
budget and pay off the public debt. Taking a political economy
approach that describes how political leaders took economic ideas
and made them work, this book combines intellectual history with
economic history. Previous books on public finance history have
focused on economic issues regarding taxes. Exploring the
intellectual history of the debates over money, debt, and taxes as
the three potential forms of public finance, Stabile provides
insight into the constitutional debate alive at the end of the 20th
century.
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