Public Principles of Public Debt -- A Defense & Restatement (Hardcover)

"Public Principles of Public Debt" is one of James M. Buchanan's most important and influential books. The radical idea he conceived was that: our reliance on public debt has amassed a sort of orthodoxy that is commonly--and needlessly--assumed by taxpayers, by politicians, and by economists themselves.
Buchanan dismisses the nearly universal belief (which continues to this day) that the burden of debt is borne by the current generation, and he argues persuasively that public debt is shouldered in large part by generations still to come.
Written in 1958, this book represents Buchanan's first published monograph, and its publication met with much controversy, confusion, and speculation in the economic community. But the book also added to Buchanan's rising stature in the early part of his career as a brilliant and original thinker.
The arguments Buchanan lays out in this book had a considerable impact on much of his later work. Buchanan's object here is to establish a set of analytical claims about debt incidence. Current anxieties over implicit Social Security debt are clear indications of the rightness of Buchanan's then-revolutionary theory.
James M. Buchanan is an eminent economist who won the Alfred Nobel Memorial Prize in Economic Sciences in 1986 and is considered one of the greatest scholars of liberty in the twentieth century.
The entire series includes: Volume 1 "The Logical Foundations of Constitutional Liberty"
Volume 2 "Public Principles of Public Debt "
Volume 3 "The Calculus of Consent "
Volume 4 "Public Finance in Democratic Process"
Volume 5 "The Demand and Supply of Public Goods"
Volume 6 "Cost and Choice"
Volume 7 "The Limits of Liberty"
Volume 8 "Democracy in Deficit"
Volume 9 "The Power to Tax"
Volume 10 "The Reason of Rules"
Volume 11 "Politics by Principle, Not Interest"
Volume 12 "Economic Inquiry and Its Logic"
Volume 13 "Politics as Public Choice"
Volume 14 "Debt and Taxes"
Volume 15 "Externalities and Public Expenditure Theory"
Volume 16 "Choice, Contract, and Constitutions"
Volume 17 "Moral Science and Moral Order"
Volume 18 "Federalism, Liberty, and the Law"
Volume 19 "Ideas, Persons, and Events"
Volume 20 "Indexes"

General

Imprint:	Liberty Fund
Country of origin:	United States
Release date:	August 1999
First published:	August 1999
Authors:	James M. Buchanan
Dimensions:	155 x 230 x 21mm (L x W x T)
Format:	Hardcover
Pages:	169
ISBN-13:	978-0-86597-215-5
Categories:	Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Public finance > General
LSN:	0-86597-215-X
Barcode:	9780865972155

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