The Debt Delusion: Living Within Our Means and Other Fallacies
Language: English
Published by Polity Press, United Kingdom, Oxford, 2019
- Softcover
- Used
Seller: WorldofBooks, Goring-By-Sea, WS, United KingdomWorldofBooks
AbeBooks seller since March 16, 2007
Condition: Used - Very good
£ 2.80
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Add to basketItem description from seller
Governments should spend no more than their tax income. Most people in Europe and North America accept this statement as simple common sense. It resonates with the deeply engrained economic metaphors that dominate public discourse, from living within your means to balancing the budget all necessary, or so conventional wisdom holds, to avoid the dangers of debt, taxation and financial ruin. This book shows how these homely metaphors constitute the debt delusion: a set of plausible-sounding yet false ideas that have been used to justify damaging austerity policies. John Weeks debunks these myths, explaining the true story behind public spending, taxation, and debt, and their real function in the management of our economies. He demonstrates that disputes about public finances are not primarily technical matters best left to specialists and experts, as many politicians would have us believe, but rather fundamentally questions about our true political priorities. Requiring no prior economic knowledge, this is an ideal primer for anyone wishing to cut through the rhetoric and misinformation that dominate political debates on economics and become an informed citizen. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged.…
Seller Inventory # GOR010341957
- Title
- The Debt Delusion: Living Within Our Means and Other Fallacies
- Author
- John F. Weeks
- Publisher
- Polity Press, United Kingdom, Oxford
- Publication year
- 2019
- Condition
- Very Good
- Binding
- Paperback
- Language
- English
- ISBN 10
- 1509532943
- ISBN 13
- 9781509532940
- Item weight
- 340 grams
- Dimensions
- 137.0 x 211.0
‘Governments should spend no more than their tax income.’ Most people in Europe and North America accept this statement as simple common sense. It resonates with the deeply engrained economic metaphors that dominate public discourse, from ‘living within your means’ to ‘balancing the budget’ – all necessary, or so conventional wisdom holds, to avoid the dangers of debt, taxation and financial ruin.
This book shows how these homely metaphors constitute the ‘debt delusion’: a set of plausible-sounding yet false ideas that have been used to justify damaging austerity policies. John Weeks debunks these myths, explaining the true story behind public spending, taxation, and debt, and their real function in the management of our economies. He demonstrates that disputes about public finances are not primarily technical matters best left to specialists and experts, as many politicians would have us believe, but rather fundamentally questions about our true political priorities.
Requiring no prior economic knowledge, this is an ideal primer for anyone wishing to cut through the rhetoric and misinformation that dominate political debates on economics and become an informed citizen.
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"About the title" may belong to another edition of this title.
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