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A carregar... Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) (edição 2019)por Richard E. Wagner (Autor)
Informação Sobre a ObraPublic Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) por Richard E. Wagner
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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. Não foram encontradas descrições de bibliotecas. |
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Google Books — A carregar... GénerosSistema Decimal de Melvil (DDC)336.34Social sciences Economics Public Finance & Taxation Loans; Public securities Public creditClassificação da Biblioteca do Congresso dos EUA (LCC)AvaliaçãoMédia: Sem avaliações.É você?Torne-se num Autor LibraryThing. |