Richard E. Wagner, Deficits, Debt, and Democracy. Northampton, MA: Edward Elgar, 2012. xi+194 Pages. £58.50 (hardcover)

Richard E. Wagner, Deficits, Debt, and Democracy. Northampton, MA: Edward Elgar, 2012. xi+194... Rev Austrian Econ (2016) 29:327–330 DOI 10.1007/s11138-015-0301-4 RichardE.Wagner, Deficits, Debt, and Democracy. Northampton, MA: Edward Elgar, 2012. xi+194 Pages. £58.50 (hardcover) George R. Crowley Published online: 19 February 2015 Springer Science+Business Media New York 2015 Continual deficits have become nearly synonymous with budgeting in modern democ- racies. In Deficits, Debt, and Democracy, Richard Wagner notes the peculiar nature of the problem writing, BWhile living within a budget can be difficult, most people manage to do it…Even elected legislators seem to do this with their personal ac- counts…It is different, however, when it comes to their legislative activities,^ (p. vii). With this book, Wagner lays out a theory of political economy within the fiscal commons which attempts to explain the omnipresent nature of deficits. Central to his thesis is the idea of the entanglement of public and market-based enterprises, and the interaction of and competition between different interests. Wagner contends that fiscal policy emerges as a spontaneous byproduct of these interactions and not as the result of any centralized choice. His approach injects a welcome degree of complexity and realism lacking in more traditional models. Anyone with an interest in the non-idealized practice of public finance would do well to http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Richard E. Wagner, Deficits, Debt, and Democracy. Northampton, MA: Edward Elgar, 2012. xi+194 Pages. £58.50 (hardcover)

Loading next page...
 
/lp/springer_journal/richard-e-wagner-deficits-debt-and-democracy-northampton-ma-edward-Zs2kRcy8nQ
Publisher
Springer Journals
Copyright
Copyright © 2015 by Springer Science+Business Media New York
Subject
Economics; Public Finance & Economics; Political Science; Methodology/History of Economic Thought
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-015-0301-4
Publisher site
See Article on Publisher Site

Abstract

Rev Austrian Econ (2016) 29:327–330 DOI 10.1007/s11138-015-0301-4 RichardE.Wagner, Deficits, Debt, and Democracy. Northampton, MA: Edward Elgar, 2012. xi+194 Pages. £58.50 (hardcover) George R. Crowley Published online: 19 February 2015 Springer Science+Business Media New York 2015 Continual deficits have become nearly synonymous with budgeting in modern democ- racies. In Deficits, Debt, and Democracy, Richard Wagner notes the peculiar nature of the problem writing, BWhile living within a budget can be difficult, most people manage to do it…Even elected legislators seem to do this with their personal ac- counts…It is different, however, when it comes to their legislative activities,^ (p. vii). With this book, Wagner lays out a theory of political economy within the fiscal commons which attempts to explain the omnipresent nature of deficits. Central to his thesis is the idea of the entanglement of public and market-based enterprises, and the interaction of and competition between different interests. Wagner contends that fiscal policy emerges as a spontaneous byproduct of these interactions and not as the result of any centralized choice. His approach injects a welcome degree of complexity and realism lacking in more traditional models. Anyone with an interest in the non-idealized practice of public finance would do well to

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Feb 19, 2015

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off