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The Resource The political economy of public debt : three centuries of theory and evidence, Richard M. Salsman (Assistant Professor, Program in Philosophy, Politics & Economics, Department of Political Science, Duke University, USA)

The political economy of public debt : three centuries of theory and evidence, Richard M. Salsman (Assistant Professor, Program in Philosophy, Politics & Economics, Department of Political Science, Duke University, USA)

Label
The political economy of public debt : three centuries of theory and evidence
Title
The political economy of public debt
Title remainder
three centuries of theory and evidence
Statement of responsibility
Richard M. Salsman (Assistant Professor, Program in Philosophy, Politics & Economics, Department of Political Science, Duke University, USA)
Creator
Subject
Language
eng
Summary
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? This important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike. The book simultaneously explicates and critiques the most prominent theories concerning why states borrow in the first place, whether or not they borrow productively, the incidence of their debts, why they sometimes borrow too much and why they often default, whether explicitly or implicitly. The author classifies major public debt theorists as pessimists, optimists or realists. This book also examines the influence of regime types, especially why most modern welfare states tend not only to over-issue bonds but also to incur even larger implicit obligations via unfunded, off-balance sheet liabilities. Scholars and undergraduate and graduate students in economics and political science, as well as policymakers, will find this analysis of public debt and public spending insightful and revealing. --
Member of
Assigning source
Provided by publisher
Cataloging source
YDX
http://library.link/vocab/creatorName
Salsman, Richard M
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
Series statement
New thinking in political economy
http://library.link/vocab/subjectName
Debts, Public
Label
The political economy of public debt : three centuries of theory and evidence, Richard M. Salsman (Assistant Professor, Program in Philosophy, Politics & Economics, Department of Political Science, Duke University, USA)
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages 264-302) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction 1. A Brief History of Public Debt 2. Classical Theories of Public Debt 3. Keynesian Theories of Public Debt 4. Public Choice and Public Debt 5. The Limits of Public Debt Conclusion Index
Control code
ocn962353651
Dimensions
24 cm.
Extent
viii, 322 pages
Isbn
9781785363375
Lccn
2016949925
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)962353651
Label
The political economy of public debt : three centuries of theory and evidence, Richard M. Salsman (Assistant Professor, Program in Philosophy, Politics & Economics, Department of Political Science, Duke University, USA)
Publication
Bibliography note
Includes bibliographical references (pages 264-302) and index
Carrier category
volume
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction 1. A Brief History of Public Debt 2. Classical Theories of Public Debt 3. Keynesian Theories of Public Debt 4. Public Choice and Public Debt 5. The Limits of Public Debt Conclusion Index
Control code
ocn962353651
Dimensions
24 cm.
Extent
viii, 322 pages
Isbn
9781785363375
Lccn
2016949925
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
System control number
(OCoLC)962353651

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