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Democracy in Deficit The Political Legacy of Lord Keynes

Democracy in Deficit The Political Legacy of Lord Keynes

Author: 


ISBN-13: 

9780865972278


ISBN: 

0865972273


Publisher:  Liberty Fund, Incorporated
Summary: Democracy in Deficit opened the door for much of the current work on political business cycles and the incorporation of public-choice considerations into macroeconomic theory. Even in the area of monetarism, Buchanan's landmark work has greatly influenced the sway of contemporary theorists away from the nearly universally held belief of Keynesian theory. Democracy in Deficit contributes greatly to Buchanan's lifelong... fiscal and monetary rules to guide long-term policy in macroeconomics. The book serves to bolster Buchanan's central beliefs in the necessity of a balanced-budget amendment to the US Constitution and in monetary rules rather than central bank discretion. [read more]

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Product Details
Democracy in Deficit The Political Legacy of Lord Keynes

ISBN-13: 9780865972278


ISBN: 0865972273


Publisher: Liberty Fund, Incorporated
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