000			01915nam a2200361 i 4500
001			CR9781108696050
003			UkCbUP
005			20240916203106.0
006			m|||||o||d||||||||
007			cr||||||||||||
008			181012s2019||||enk o ||1 0|eng|d
020			_a9781108696050 (ebook)
020			_z9781108735896 (paperback)
040			_aUkCbUP _beng _erda _cUkCbUP
050		4	_aHJ8015 _b.W34 2019
082	0	4	_a336.34 _223
100	1		_aWagner, Richard E., _eauthor.
245	1	0	_aPublic debt as a form of public finance : _bovercoming a category mistake and its vices / _cRichard E. Wagner.
264		1	_aCambridge : _bCambridge University Press, _c2019.
300			_a1 online resource (60 pages) : _bdigital, PDF file(s).
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
490	1		_aCambridge elements. Elements in Austrian economics
500			_aTitle from publisher's bibliographic system (viewed on 22 Mar 2019).
520			_aEconomists 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.
650		0	_aDebts, Public.
650		0	_aFinance, Public.
776	0	8	_iPrint version: _z9781108735896
830		0	_aCambridge elements.
856	4	0	_uhttps://doi.org/10.1017/9781108696050
942			_2ddc _cEB
999			_c8895 _d8895