The Political Economy of Public Debt: Three Centuries of Theory and Evidence
- ISBN-10
- 1785363387
- ISBN-13
- 9781785363382
- Pages
- 336
- Language
- English
- Published
- 2017-02-24
- Publisher
- Edward Elgar Publishing
- Author
- Richard M. Salsman
Description
How have the most influential political economists of the past three centuries theorized about sovereign borrowing and shaped its now widespread use? That important question receives a comprehensive answer in this original work, featuring careful textual analysis and illuminating exhibits of public debt empirics since 1700. Beyond its value as a definitive, authoritative history of thought on public debt, this book rehabilitates and reintroduces a realist perspective into a contemporary debate now heavily dominated by pessimists and optimists alike.
