Democracy in Deficit -- The Political Legacy of Lord Keynes

James Buchanan

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Language: English

Published by Liberty Fund Inc, US, 2000

0865972281 / 9780865972285

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Democracy in Deficit opened the door for much of the current work on political business cycles and the incorporation of public-choice considerations into macroeconomic theory. Even in the area of monetarism, Buchanan's landmark work has greatly influenced the sway of contemporary theorists away from the nearly universally held belief of Keynesian theory. Democracy in Deficit contributes greatly to Buchanan's lifelong fiscal and monetary rules to guide long-term policy in macroeconomics. The book serves to bolster Buchanan's central beliefs in the necessity of a balanced-budget amendment to the US Constitution and in monetary rules rather than central bank discretion.

Seller Inventory # LU-9780865972285

Title
Democracy in Deficit -- The Political Legacy of Lord Keynes
Author
James Buchanan
Publisher
Liberty Fund Inc, US
Publication year
2000
Condition
New
Binding
Paperback
Language
English
ISBN 10
0865972281
ISBN 13
9780865972285
Item weight
392 grams

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