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Debt Default and Democracy

Debt Default and Democracy PDF Author: Giuseppe Eusepi
Publisher: Edward Elgar Publishing
ISBN: 178811793X
Category :
Languages : en
Pages : 224
Book Description
The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.

Debt Default and Democracy

Debt Default and Democracy PDF Author: Giuseppe Eusepi
Publisher: Edward Elgar Publishing
ISBN: 178811793X
Category :
Languages : en
Pages : 224
Book Description
The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.

Debt Or Democracy

Debt Or Democracy PDF Author: Mary Mellor
Publisher: Pluto Press (UK)
ISBN: 9780745335544
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Debt or Democracy explodes the myths behind modern money. It challenges the neoliberal obsession with public debt and deficit, arguing that a much more serious problem is the privatised creation of money through bank debt that leads to boom and bust.Far from being a burden on the taxpayer, Mary Mellor argues that public money and public expenditure is necessary for economic well-being. Arguing that money is a public resource that should be under democratic control, Debt or Democracy directly challenges conventional economic thinking and presents a radical alternative for socially just and ecologically sustainable provisioning.

Debt And Democracy In Latin America

Debt And Democracy In Latin America PDF Author: Barbara Stallings
Publisher: Routledge
ISBN: 0429722044
Category : Political Science
Languages : en
Pages : 248
Book Description
This book investigates the two-way relationship between debt and democracy in Latin America. It examines the evidence about how regime type influenced the choice of policy to deal with foreign creditors and related economic issues.

Public Debt

Public Debt PDF Author: Giuseppe Eusepi
Publisher: Edward Elgar Publishing
ISBN: 1786438046
Category : Business & Economics
Languages : en
Pages : 192
Book Description
Over the past decades, economists have witnessed with growing uneasiness their failure to explain the ballooning of public debt in most countries. This book provides an alternative orientation that explains why concepts of public debt that are relevant for authoritarian regimes are not relevant for democratic regimes. 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.

Deficits, Debt, and Democracy

Deficits, Debt, and Democracy PDF Author: Richard E. Wagner
Publisher: Edward Elgar Publishing
ISBN: 0857934600
Category : Business & Economics
Languages : en
Pages : 208
Book Description
This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can nonetheless be limited through embracing once again a constitution of liberty. Not all commons settings have tragic outcomes, of course, but tragic outcomes loom large in democratic processes because they entail conflict between two very different forms of substantive rationality; the political and market rationalities. These are both orders that contain interactions among participants, but the institutional frameworks that govern those interactions differ, generating democratic budgetary tragedies. Those tragedies, moreover, are inherent in the conflict between the different rationalities and so cannot be eliminated. They can, as this book argues, be reduced by restoring a constitution of liberty in place of the constitution of control that has taken shape throughout the west over the past century. Economists interested in public finance, public policy and political economy along with scholars of political science, public administration, law and political philosophy will find this book intriguing.

Alternative Strategies for Africa: Debt and democracy

Alternative Strategies for Africa: Debt and democracy PDF Author:
Publisher:
ISBN:
Category : Africa
Languages : en
Pages :
Book Description


A Free Nation Deep in Debt

A Free Nation Deep in Debt PDF Author: James MacDonald
Publisher: Princeton University Press
ISBN: 0691126321
Category : Business & Economics
Languages : en
Pages : 564
Book Description
For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

Democracy and Debt - the European Debt Crisis

Democracy and Debt - the European Debt Crisis PDF Author:
Publisher: Matt Buttsworth
ISBN: 1471031861
Category :
Languages : en
Pages :
Book Description


Debt, Democracy and the Welfare State

Debt, Democracy and the Welfare State PDF Author: R. Hannesson
Publisher: Springer
ISBN: 1137532009
Category : Political Science
Languages : en
Pages : 115
Book Description
Why is it that government debt in the developed world has risen to world war proportions in a time of peace? This can largely be attributed to governments maintaining welfare expenditures beyond what tax revenues allow. But will these governments refrain from doing what is necessary for economic growth for fear of losing their electorate?

Public Debt and the Birth of the Democratic State

Public Debt and the Birth of the Democratic State PDF Author: David Stasavage
Publisher: Cambridge University Press
ISBN: 1139439871
Category : Political Science
Languages : en
Pages :
Book Description
This book develops new theory about the link between debt and democracy and applies it to a classic historical comparison: Great Britain in the eighteenth century which had strong representative institutions and sound public finance vs. ancient regime France, which had neither. The book argues that whether representative institutions improve commitment depends on the opportunities for government creditors to form new coalitions with other social groups, more likely to occur when a society is divided across multiple political cleavages. It then presents historical evidence to show that improved access to finance in Great Britain after 1688 had as much to do with the development of the Whig Party as with constitutional changes. In France, it is suggested that the balance of partisan forces made it unlikely that an early adoption of 'English-style' institutions would have improved credibility.