Democracy in Deficit -- The Political Legacy of Lord Keynes
Book Details
Format
Paperback / Softback
ISBN-10
0865972281
ISBN-13
9780865972285
Publisher
Liberty Fund Inc
Imprint
Liberty Fund Inc
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 1st, 2000
Print length
201 Pages
Weight
374 grams
Dimensions
22.80 x 15.40 x 1.60 cms
Product Classification:
Economics
Ksh 2,150.00
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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.
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