Items related to Debt Default and Democracy (New Thinking in Political...

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

 
9781788117920: Debt Default and Democracy (New Thinking in Political Economy series)
Hardcover
ISBN 10: 1788117921 ISBN 13: 9781788117920
Publisher: Edward Elgar Publishing Ltd, 2018

Synopsis

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

"synopsis" may belong to another edition of this title.

About the Author

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

"About this title" may belong to another edition of this title.

Publisher
Edward Elgar Publishing Ltd
Publication date
2018
Language
English
ISBN 10 
1788117921
ISBN 13 
9781788117920
Binding
Hardcover
Number of pages
224
Editor
Eusepi Giuseppe, Wagner Richard E.