{"product_id":"public-debt-as-a-form-richard-e-wagner-9781108735896","title":"Public Debt as a Form of Public Finance: Overcoming a Category Mistake and Its Vices","description":"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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Richard E. Wagner\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1108735894\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781108735896\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Cambridge University Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/30\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 75\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.23lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.00h x 6.00w x 0.15d","brand":"Richard E. Wagner","offers":[{"title":"Paperback","offer_id":44054895034623,"sku":"9781108735896","price":22.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_28743272-b6e7-4dde-8e8b-857bdadbd6a2.jpg?v=1685032603","url":"https:\/\/www.whiterainbookhouse.com\/products\/public-debt-as-a-form-richard-e-wagner-9781108735896","provider":"WR Book House","version":"1.0","type":"link"}