The author indicates that war expenditures have been the most
important single cause of the increase in the federal debt, with
government countercyclical expenditures second. Increase in state
and local debts is found to be largely due to the technological
revolution. Originally published in 1961. The Princeton Legacy
Library uses the latest print-on-demand technology to again make
available previously out-of-print books from the distinguished
backlist of Princeton University Press. These editions preserve the
original texts of these important books while presenting them in
durable paperback and hardcover editions. The goal of the Princeton
Legacy Library is to vastly increase access to the rich scholarly
heritage found in the thousands of books published by Princeton
University Press since its founding in 1905.
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