Debt Default and Democracy (New Thinking in Political Economy series)

Giuseppe Eusepi;Richard E. Wagner

ISBN 10: 1788117921 ISBN 13: 9781788117920

Verlag: Edward Elgar Pub, 2018

Sprache: Englisch

Zustand: Neu Hardcover

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Bibliografische Details

Titel

Debt Default and Democracy (New Thinking in Political Economy series)

Verlag

Edward Elgar Pub

Erscheinungsjahr

2018

Sprache

Englisch

ISBN-10

1788117921

ISBN-13

9781788117920

Einband

Hardcover

Zustand

New

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�ber diesen Titel

Inhaltsangabe

The original essays 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.

The authors explore public debt along two distinct but complementary analytical paths. One path concerns microeconomic aspects of public debt as it emerges through budgetary processes where individuals respond to the costs and gains of different courses of action. The other concerns the systemic properties of rational individual acting within a democratic system of political economy. Within this scheme of thought, the two levels of analysis are integrated by recognition that efforts to control macro-level outcomes must address the micro-level circumstances and conditions that promote public debt as systemic budgetary outcomes.

Scholars and students, as well as policy makers in public debt and political economy, will find this critical resource invaluable to understanding this vital issue.

Contributors include: A. Alupoaiei, F. Balassone, G. Brennan, S. Cecchetti, M. Cecioni, M. Cioffi, W. Cornacchia, F. Corneli, F. Dragu, G. Eusepi, E. Longobardi, K. Mause, F. Neagu, A. Pedone, A. Rieck, L. Schuknecht, G. Semeraro, L. Voinea, R.E. Wagner

�ber die Autorin bzw. den Autor

Edited by the late Giuseppe Eusepi, formerly Professor of Public Finance, Department of Law and Economics of Productive Activities, Sapienza University of Rome, Italy and Richard E. Wagner, Emeritus Professor of Economics, George Mason University, US

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