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Public Debt as a Form of Public Finance - Overcoming a Category Mistake and its Vices (Paperback) Loot Price: R535
Discovery Miles 5 350
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Public Debt as a Form of Public Finance - Overcoming a Category Mistake and its Vices (Paperback): Richard E. Wagner

Public Debt as a Form of Public Finance - Overcoming a Category Mistake and its Vices (Paperback)

Richard E. Wagner

Series: Elements in Austrian Economics

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Loot Price R535 Discovery Miles 5 350

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Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Series: Elements in Austrian Economics
Release date: May 2019
Authors: Richard E. Wagner
Dimensions: 152 x 229 x 5mm (L x W x T)
Format: Paperback - Trade
Pages: 75
ISBN-13: 978-1-108-73589-6
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
LSN: 1-108-73589-4
Barcode: 9781108735896

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