Democracy in Deficit -- The Political Legacy of Lord Keynes

by James Buchanan

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

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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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