Public Debt as a Form of Public Finance

Explore the thought-provoking insights of Richard E. Wagner in his compelling work, Public Debt as a Form of Public Finance, published by Cambridge University Press in 2019. In this 75-page paperback, Wagner challenges conventional wisdom by arguing that democracies cannot genuinely be indebted. He posits that the discourse surrounding public debt is rooted in ideology rather than scientific clarity, which often misguides economists. Rather than viewing government as merely another entity subject to prudent financial behavior, Wagner invites readers to reconsider the implications of public finance practices. This book is essential for anyone interested in the intersection of economics and political theory, providing a unique perspective on the role of public debt in modern democracies. Don't miss the opportunity to delve into this critical examination of public finance.