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Public Principles of Public Debt -- A Defense & Restatement

  • Livre Relié
  • 169 Nombre de pages
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James M Buchanan is an eminent economist who won the Nobel Prize for Economics in 1986.Texte du rabat One of Buchanan's most... Lire la suite
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Description

Auteur

James M Buchanan is an eminent economist who won the Nobel Prize for Economics in 1986.



Texte du rabat

One of Buchanan's most important and influential books. The radical idea he conceived was that: our reliance on public debt has amassed a sort of orthodoxy that is commonly -- and needlessly -- assumed by taxpayers, by politicians, and by economists themselves. Buchanan dismisses the nearly universal belief (which continues to this day) that the burden of debt is borne by the current generation, and he argues persuasively that public debt is shouldered in large part by generations still to come. Written in 1958, this book represents Buchanan's first published monograph, and its publication met with much controversy, confusion, and speculation in the economic community. But the book also added to Buchanan's rising stature in the early part of his career as a brilliant and original thinker. The arguments Buchanan lays out in this book had a considerable impact on much of his later work. Buchanan's object here is to establish a set of analytical claims about debt incidence. Current anxieties over implicit Social Security debt are clear indications of the rightness of Buchanan's then-revolutionary theory.

Informations sur le produit

Titre: Public Principles of Public Debt -- A Defense & Restatement
Sous-titre: A Defense and Restatement
Auteur:
Code EAN: 9780865972155
ISBN: 978-0-86597-215-5
Format: Livre Relié
Editeur: Liberty Fund Inc
Genre: Généralités et lexiques
nombre de pages: 169
Poids: 482g
Taille: H233mm x B158mm x T21mm
Année: 1999