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wagner richard e. - public debt as a form of public finance

Public Debt as a Form of Public Finance Overcoming a Category Mistake and its Vices




Attenzione: Causa chiusura distributori, la spedizione di questo libro potrà avvenire a partire dal 13 gennaio 2025.


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Dettagli

Genere:Libro
Lingua: Inglese
Pubblicazione: 05/2019





Note Editore

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.




Sommario

1. Monarchies, democracies, and indebtedness; 2. Political presuppositions and the theory of public finance; 3. Taxes as prices – a useful but corruptible simile; 4. From public pricing to fiscal policy – the Keynesian detour; 5. Ecologies, not machines – analytical failures of Macro theories; 6. Calculation and coordination within a political economy; 7. Public debt, systemic lying, and the corruption of contract; 8. From liberal to feudal democracy – Henry Maine reversed; 9. Liberalism and Collectivism – an easily toxic mix.










Altre Informazioni

ISBN:

9781108735896

Condizione: Nuovo
Collana: Elements in Austrian Economics
Dimensioni: 152 x 5 x 229 mm Ø 300 gr
Formato: Brossura
Illustration Notes:4 b/w illus.
Pagine Arabe: 75


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