Deficits, Debt, and Democracy

Richard E. Wagner

in Books from Edward Elgar Publishing

Abstract: This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can nonetheless be limited through embracing once again a constitution of liberty.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
Date: 2012
ISBN: 9780857934598
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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