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02467aam a2200337 i 4500 001 D174361E166311EA9B100A4E97128E48 003 SILO 005 20191204010031 008 190805s2019 enka b 000 0 eng d 010 $a 2019285471 020 $a 1108735894 020 $a 9781108735896 035 $a (OCoLC)1091650618 040 $a UKMGB $b eng $e rda $c DLC $d OCLCQ $d OCLCO $d SNK $d CHVBK $d OCLCO $d SILO 042 $a lccopycat 050 00 $a HJ8015 W35 2019 100 1 $a Wagner, Richard E. $e author. 245 10 $a Public debt as a form of public finance : $b overcoming a category mistake and its vices / $c Richard E. Wagner, George Mason University, Virginia. 264 1 $a Cambridge : $b Cambridge University Press, $c 2019. 300 $a 60 pages : $b illustrations ; $c 23 cm 490 1 $a Cambridge elements. Elements in Austrian economics. $x 2514-3867 504 $a Includes bibliographical references (pages 53-60). 520 $a "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"--Publisher's website. 505 0 $a Monarchies, democracies, and indebtedness -- Political presuppositions and the theory of public finance -- Taxes as prices: A useful but corruptible simile -- From public pricing to fiscal policy: The Keynesian Detour -- Ecologies, not machines: Analytical failures of macro theories -- Calculation and coordination within a political economy -- Public debt, systemic lying, and the corruption of contract -- From liberal to feudal democracy: Henry Maine reversed -- Liberalism and collectivism: An easily toxic mix. 650 0 $a Debts, Public. 776 08 $i Ebook version : $z 9781108621793 830 0 $a Cambridge elements. $p Elements in Austrian economics 941 $a 1 952 $l USUX851 $d 20200303022703.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=D174361E166311EA9B100A4E97128E48 994 $a C0 $b IWAInitiate Another SILO Locator Search