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Books > Business & Economics > Finance & accounting > Finance > Public finance
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Public Debt - An Illusion of Democratic Political Economy (Hardcover)
Loot Price: R2,554
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Public Debt - An Illusion of Democratic Political Economy (Hardcover)
Series: New Thinking in Political Economy series
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
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Over the past few decades, economists have witnessed with growing
uneasiness their failure to explain the ballooning of public debt
in most countries. 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. Public Debt provides an alternative orientation
that explains why concepts of public debt that are relevant for
authoritarian regimes are not relevant for democratic regimes. It
examines public debt in cooperative and monopolistic democracies as
well as the corrupting quality of public debt in democracy.
Including topics such as macro guidance within a Machiavellian
approach, public debt as systemic lying and as a shell game,
economy as an ecology vs. economy as an engine, individual vs.
group action and cooperative state as ideal type, this book is a
unique and refreshing approach to the material. This comprehensive
and cohesive sourcebook will serve as a critical resource for
academics interested in public debt and political economy.
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