Public Credit, Capital, and State Agency: Fiscal Responsibility in German-LanguageFinanzwissenschaft

Richard Sturn

A chapter in Research in the History of Economic Thought and Methodology: Including a Symposium on Public Finance in the History of Economic Thought, 2020, vol. 38A, pp 97-121 from Emerald Group Publishing Limited

Abstract: This chapter discusses the evolution of German views on public debt 1850–1920, referring to three strands of secondary literature: (1) German retrospectives on public finance, (2) the historical literature with a public choice perspective, and (3) contributions to public/constitutional law, mainly referring to Lorenz von Stein. The skeptic view of public debt endorsed by authors of the second half of the period is shown to be related to politico-economic issues of state agency combined with new state functions, rather than to the rejection of Dietzel’s Proto-Keynesian macroeconomic reasoning.

Keywords: Public debt; public credit; Carl Dietzel; Adolph Wagner; Lorenz von Stein; Rudolf Goldscheid; H 10; H 63; B 15 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eme:rhetzz:s0743-41542020000038a009

DOI: 10.1108/S0743-41542020000038A009

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