Public Debt in a Democratic Society

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Public Debt

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Over the past decades, economists have witnessed with growing uneasiness their failure to explain the ballooning of public debt in most countries. This book pro

A Free Nation Deep in Debt

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For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. I

Deficits, Debt, and Democracy

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This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance:

Debt Default and Democracy

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The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholar