Debt Or Democracy

Debt Or Democracy PDF Author: Mary Mellor
Publisher: Pluto Press (UK)
ISBN: 9780745335551
Category : BUSINESS & ECONOMICS
Languages : en
Pages : 0

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Book Description
A clear case for the common ownership of money as a solution to the financial crisis

Debt Or Democracy

Debt Or Democracy PDF Author: Mary Mellor
Publisher:
ISBN: 9781783717170
Category : Debts, Public
Languages : en
Pages : 215

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Book Description


Deficits, Debt, and Democracy

Deficits, Debt, and Democracy PDF Author: Richard E. Wagner
Publisher: Edward Elgar Publishing
ISBN: 0857934600
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
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 nonetheless be limited through embracing once again a constitution of liberty. Not all commons settings have tragic outcomes, of course, but tragic outcomes loom large in democratic processes because they entail conflict between two very different forms of substantive rationality; the political and market rationalities. These are both orders that contain interactions among participants, but the institutional frameworks that govern those interactions differ, generating democratic budgetary tragedies. Those tragedies, moreover, are inherent in the conflict between the different rationalities and so cannot be eliminated. They can, as this book argues, be reduced by restoring a constitution of liberty in place of the constitution of control that has taken shape throughout the west over the past century. Economists interested in public finance, public policy and political economy along with scholars of political science, public administration, law and political philosophy will find this book intriguing.

A Free Nation Deep in Debt

A Free Nation Deep in Debt PDF Author: James MacDonald
Publisher: Princeton University Press
ISBN: 9780691126326
Category : Business & Economics
Languages : en
Pages : 580

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Book Description
For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

A Free Nation Deep in Debt

A Free Nation Deep in Debt PDF Author: James MacDonald
Publisher: Princeton University Press
ISBN: 0691126321
Category : Business & Economics
Languages : en
Pages : 574

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Book Description
For the greater part of recorded history the most successful and powerful states were autocracies; yet now the world is increasingly dominated by democracies. In A Free Nation Deep in Debt, James Macdonald provides a novel answer for how and why this political transformation occurred. The pressures of war finance led ancient states to store up treasure; and treasure accumulation invariably favored autocratic states. But when the art of public borrowing was developed by the city-states of medieval Italy as a democratic alternative to the treasure chest, the balance of power tipped. From that point on, the pressures of war favored states with the greatest public creditworthiness; and the most creditworthy states were invariably those in which the people who provided the money also controlled the government. Democracy had found a secret weapon and the era of the citizen creditor was born. Macdonald unfolds this tale in a sweeping history that starts in biblical times, passes via medieval Italy to the wars and revolutions of the seventeenth and eighteenth centuries, and ends with the great bond drives that financed the two world wars.

Debt, Development, and Democracy

Debt, Development, and Democracy PDF Author: Jeffry A. Frieden
Publisher: Princeton University Press
ISBN: 9780691003993
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
In the 1970s and 1980s the countries of Latin America dealt with their similar debt problems in very different ways--ranging from militantly market-oriented approaches to massive state intervention in their economies--while their political systems headed toward either democracy or authoritarianism. Applying the tools of modern political economy to a developing-country context, Jeffry Frieden analyzes the different patterns of national economic and political behavior that arose in Argentina, Brazil, Chile, Mexico, and Venezuela. This book will be useful to those interested in comparative politics, international studies, development studies, and political economy more generally. "Jeffry Frieden weaves together a powerful theoretical framework with comparative case studies of the region's five largest debtor states. The result is the most insightful analysis to date of how the interplay between politics and economics in post-war Latin America set the stage for the dramatic events of the 1980s."--Carol Wise, Center for Politics and Policy, Claremont Graduate School

The Reckoning: Debt, Democracy, and the Future of American Power

The Reckoning: Debt, Democracy, and the Future of American Power PDF Author: Michael Moran
Publisher: St. Martin's Press
ISBN: 9780230339934
Category : Political Science
Languages : en
Pages : 0

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Book Description
A leading forecaster of economic and political trends takes a sharp look at the decline of American influence in the world, and how it can prepare for the new reality. The age of American global dominance is ending. Today, a host of forces are converging to challenge its cherished notion of exceptionalism, and risky economic and foreign policies have steadily eroded the power structure in place since the Cold War. Staggering under a huge burden of debt, the country must make some tough choices—or cede sovereignty to its creditors. In The Reckoning, Michael Moran, geostrategy analyst explores the challenges ahead -- and what, if anything, can be prevent chaos as America loses its perch at the top of the mountain. Covering developments like unprecedented information technologies, the growing prosperity of China, India, Brazil, and Turkey, and the diminished importance of Wall Street in the face of global markets, Moran warns that the coming shift will have serious consequences not just for the United States, but for the wider world. Countries that have traditionally depended on the United States for protection and global stability will have to fend for themselves. Moran describes how, with a bit of wise leadership, America can transition to this new world order gracefully—by managing entitlements, reigniting sustainable growth, reforming immigration policy, launching new regional dialogues that bring friend and rival together in cooperative multinational structures, and breaking the poisonous deadlock in Washington. If not, he warns, history won't wait.

Debt And Democracy In Latin America

Debt And Democracy In Latin America PDF Author: Barbara Stallings
Publisher: Westview Press
ISBN: 9780813375489
Category : History
Languages : en
Pages : 250

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Book Description
Begins with analyses of the international dimension of this crisis, considering reactions of business, labor organizations, and the private banking community. A cross-national comparison of responses is offered through a series of case studies. Paper edition, $14.95. Annotation copyrighted by Book News, Inc., Portland, OR

Democracy Declined

Democracy Declined PDF Author: Mallory E. SoRelle
Publisher: University of Chicago Press
ISBN: 022671182X
Category : Political Science
Languages : en
Pages : 302

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Book Description
As Elizabeth Warren memorably wrote, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.” More than a century after the government embraced credit to fuel the American economy, consumer financial protections in the increasingly complex financial system still place the onus on individuals to sift through fine print for assurance that they are not vulnerable to predatory lending and other pitfalls of consumer financing and growing debt. In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers’ experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals—they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.

Debt Default and Democracy

Debt Default and Democracy PDF Author: Giuseppe Eusepi
Publisher: Edward Elgar Publishing
ISBN: 178811793X
Category : Business & Economics
Languages : en
Pages : 217

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Book Description
The original chapters in this book connect the microeconomic and macroeconomic approaches to public debt. Through their thought-provoking views, leading scholars offer insights into the incentives that individuals and governments may have in resorting to public debt, thereby promoting a clearer understanding of its economic consequences.

Debt And Democracy In Latin America

Debt And Democracy In Latin America PDF Author: Barbara Stallings
Publisher: Routledge
ISBN: 0429722044
Category : Political Science
Languages : en
Pages : 248

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Book Description
This book investigates the two-way relationship between debt and democracy in Latin America. It examines the evidence about how regime type influenced the choice of policy to deal with foreign creditors and related economic issues.