Giuseppe Eusepi, Richard E. Wagner: Public Debt
An Illusion of Democratic Political Economy
Originally published in The Review of Austrian Economics
Public Debt provides a thought-provoking addition to the literature on public debt that would be of interest to scholars working in both public choice and public finance. This book also provides an example of how foundational principles of Austrian economics, such as methodological individualism and subjectivism, can provide relevance and analytical clarity to important debates. Furthermore, it demonstrates how important Austrian methodology can be for enabling public choice analysis. By providing a well-balanced and readable survey of the existing literature, the book also offers a self-contained treatment which makes it particularly suitable for a graduate public choice or public finance course.