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Democracy in Deficit: The Political Legacy of Lord Keynes
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Democracy in Deficit: The Political Legacy of Lord Keynes

3.87  ·  Rating details ·  23 ratings  ·  2 reviews
Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy.

According to Robert D. Tollison in the foreword, “The central purpose of the book was to examine the simple precepts of Keynesian economics through the lens of public-choice theory. The basic discovery was that Keynesi
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Hardcover, 223 pages
Published July 1st 2000 by Liberty Fund Inc. (first published 1977)
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Sean Hackbarth
Feb 06, 2013 rated it really liked it
Shelves: economics
A book that's perfect for today's times. Buchanan's book helps explain why federal spending continues to increase and the need for institutional changes to actually tame the beast. For an economics text there's little math, and if you took Macroecon 101 or are well versed in Keynesian economics, you'll be set to understand the strong argument presented.
Maytham Abdulraheem
I have read chapter 8 about money financed deficit. It's recommended in this reading list on inflation : http://www.econlib.org/library/Topics... ...more
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American economist known for his work on public choice theory, for which in 1986 he received the Nobel Memorial Prize. Buchanan's work initiated research on how politicians' self-interest and non-economic forces affect government economic policy. He was a Member of the Board of Advisors of The Independent Institute, a Distinguished Senior Fellow of the Cato Institute, and professor at George Mason ...more

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