000			01807nam a22002177a 4500
005			20180904220253.0
008			180904b xxu||||| |||| 00| 0 eng d
020			_a9781788117920
028			_aSARAS Books _b ;2/31,Ansari Road,Darya Ganj,New Delhi-110002 _c;IN37610 _d;31/08/2018
082			_a336.3401 EUS
100			_aGiuseppe Eusepi _a;Richard E.Wagner
245			_aDebt Default and Democracy _c/Giuseppe Eusepi
260			_aCheltenham,UK _b:EDward Elgar Publishing House _c,2018
300			_axiii,202 Pages _c;25 cm.
365			_b7125
520			_aThe original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences. The authors explore public debt along two distinct but complementary analytical paths. One path concerns microeconomic aspects of public debt as it emerges through budgetary processes where individuals respond to the costs and gains of different courses of action. The other concerns the systemic properties of rational individuals acting within a democratic system of political economy. Within this scheme of thought, the two levels of analysis are integrated by recognition that efforts to control macro-level outcomes must address the micro-level circumstances and conditions that promote public debt as systemic budgetary outcomes. Scholars and students, as well as policy makers in public debt and political economy, will find this critical resource invaluable to understanding this vital issue.
650			_aSocial Sciences
655			_a Economics
700			_aRichard E.Wagner
942			_cBOOK
999			_c50149 _d50149