Deficits, Debt, and Democracy: Wrestling with Tragedy on the Fiscal Commons

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Edward Elgar Publishing, Jan 1, 2012 - Business & Economics - 208 pages
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This timely book reveals that the budget deficits and accumulating debts that plague modern democracies reflect a clash between two rationalities of governance: one of private property and one of common property. The clashing of these rationalities at var
 

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Contents

the elusive quest for fiscal responsibility
1
a theoretical framework
23
3 Budget deficits Ricardian equivalence and macromicro supervenience
47
4 Property rights societal tectonics and the fiscal commons
68
5 Parliamentary assemblies as peculiar market bazaars
91
6 Taxation fiscal politics and political pricing
113
7 Regulation as alternative taxation
134
8 Public finance for a constitution of liberty
154
Bibliography
176
Index
191
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