Public Debt as a Form of Public Finance: Overcoming a Category Mistake and Its Vices (Cambridge Elements in Austrian Economics) - Softcover

Public Debt as a Form of Public Finance

Taschenbuch. Zustand: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Artikel-Nr. 9781108735896

Verkäufer kontaktieren