‘Monstrous moral hybrids’ and the corrupting quality of public debt

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Chapter 6 in Public Debt, 2017, pp 142-164 from Edward Elgar Publishing

Abstract: This chapter explores how public debt is a troubling practice for republican and democratic regimes because of its ability to corrupt the language and practice of political economy. For instance, the idea of contract is a perfectly good and sensible concept to apply to the private ordering of economic interaction. When that term is extended to public ordering outside the hypothetical construction of a cooperative state, it becomes a piece of ideology that obscures the role of public debt in promoting the interests of politically dominant groups within society.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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