Name: Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) (en Inglés)
Price: 514.69 MXN
Availability: InStock
Author: Richard E. Wagner
ISBN: 9781108735896

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portada Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) (en Inglés)

Formato

Libro Físico

Editorial

Cambridge University Press

Autor

Richard E. Wagner

Año

2019

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

ISBN13

9781108735896

Categorías

Fiscalidad y hacienda pública

Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) (en Inglés)

Richard E. Wagner (Autor) · Cambridge University Press · Tapa Blanda

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Reseña del libro "Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices (Elements in Austrian Economics) (en Inglés)"

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.