Cambridge University Press

Elements in Austrian Economics Public Debt as a Form of Finance

Name: Elements in Austrian Economics Public Debt as a Form of Finance
Brand: Cambridge University Press
SKU: fc7b044d58e07b04bf956c92f083ad19

1/1

Afbeelding van Elements in Austrian Economics Public Debt as a Form of Finance

Bol

Prijzen vanaf

17,91

Gesponsorde links

	17,91	Naar shop
	17,91	Naar shop
	23,42	Naar shop
VERGELIJK ALLE AANBIEDERS (3)

Beschrijving

Bol 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.

Lees meer

Vergelijk aanbieders (3)

Gesponsorde links · Sommige shops betalen ons een vergoeding

Sorteren op:

€ 17,91 Gratis verzending

€ 23,42 € 2,99 verzendkosten Totaal € 26,41

Beschrijving (1)

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.

Lees meer