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

by Richard E. Wagner

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 various places in society creates forms of societal tectonics that play out through budgeting. The book demonstrates that while this clash is an inherent feature of democratic political economy, it can...

• Format: Paperback
• Language: English
• ISBN: 1781007055
• ISBN13: 9781781007051
• Release Date: October 2013
• Publisher: Edward Elgar Publishing
• Length: 208 Pages
• Weight: 0.75 lbs.