Economics of Budget Deficits by Charles Kershaw Rowley | 9781858987989 | Hardcover | Barnes & Noble
Economics of Budget Deficits

Economics of Budget Deficits

by Charles Kershaw Rowley
     
 

ISBN-10: 1858987989

ISBN-13: 9781858987989

Pub. Date: 01/01/2003

Publisher: Elgar, Edward Publishing, Inc.

This two-volume set present readings published between about 1940 and 2000. The 58 previously published articles cover topics including the history and measurement of budget deficits, classical and Keynesian public debt theory, a re-examination of the burden of debt, Ricardian equivalence, public choice and public debt, and deficit finance in constitutional

Overview

This two-volume set present readings published between about 1940 and 2000. The 58 previously published articles cover topics including the history and measurement of budget deficits, classical and Keynesian public debt theory, a re-examination of the burden of debt, Ricardian equivalence, public choice and public debt, and deficit finance in constitutional perspective. Lacks a subject index. Edited by Rowley (The Locke Institute), and William F. Shughart II and Robert D. Tollison (both of the U. of Mississippi). Annotation (c)2003 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9781858987989
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
01/01/2003
Series:
International Library of Critical Writin
Pages:
1
Product dimensions:
6.67(w) x 9.50(h) x (d)

Table of Contents

Vol. 1
Acknowledgementsxi
Introductionxiii
Part IThe History and Measurement of Budget Deficits
Part I Overview3
1.'The US Federal Deficit and National Debt: A Political and Economic History', in James M. Buchanan, Charles K. Rowley and Robert D. Tollison (eds), Deficits, Chapter 2, Oxford: Basil Blackwell Ltd, 9-46 (1986)7
2.'The Political Economy of the Budget Surplus in the United States', Journal of Economic Perspectives, 14 (3), Summer, 3-19 (2000)45
3.'The Measurement of Fiscal Deficits: Analytical and Methodological Issues', Journal of Economic Literature, XXIX (4), December, 1644-78 (1991)62
4.'Generational Accounting Around the Globe', American Economic Review, Papers and Proceedings, 89 (2), May, 161-6 (1999)97
5.'How Transparent is the U.S. Budget?', Independent Review: A Journal of Political Economy, V (4), Spring, 575-91 (2001)103
Part IIClassical Public Debt Theory
Part II Overview123
6.'Of Publick Debts', in R.H. Campbell, A.S. Skinner and W.B. Todd (eds), An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II, Book V, Chapter III, Oxford: Clarendon Press, 907-47 (1776/1976)127
7.'Of Poor-Laws, continued', in Donald Winch (ed.), An Essay on the Principle of Population; or A View of its Past and Present Effects on Human Happiness; With an Inquiry into our Prospects Respecting the future Removal or Mitigation of the Evils which it occasions, Book III, Chapter VII, Cambridge: Cambridge University Press, 110-23 (1803/1992)168
8.'Taxes on Other Commodities than Raw Produce', in Piero Sraffa (ed.) with M.H. Dobb, The Works and Correspondence of David Ricardo, Volume I: On the Principles of Political Economy and Taxation, Chapter XVII, Third Edition, Cambridge: Cambridge University Press, 243-56 (1821/1951)182
9.'Of a National Debt', in J.M. Robson (ed.), Principles of Political Economy with Some of Their Applications to Social Philosophy, Book V, Chapter VII, Toronto: University of Toronto Press and London: Routledge and Kegan Paul, 873-9 (1848/1965)196
Part IIIKeynesian Public Debt Theory
Part III Overview205
10.'The Marginal Propensity to Consume and the Multiplier', in The Collected Writings of John Maynard Keynes: Volume VII, The General Theory of Employment Interest and Money, Chapter 10, London and Basingstoke: Macmillan and New York: St Martin's Press for Royal Economic Society, 113-31 (1936/1973)209
11.'Functional Finance and the Federal Debt', Social Research, 10 (1), February, 38-51 (1943)228
12.'The Burden of the National Debt', in Income, Employment, and Public Policy: Essays in Honor of Alvin H. Hansen, Chapter II, New York: W.W. Norton & Company, Inc., 255-75 (1948)242
13.'Fiscal Policy and Full Employment without Inflation', in Economics: An Introductory Analysis, First Edition, Chapter 18, New York: McGraw-Hill Book Company, Inc., 409-43 (1948)263
14.'Fiscal Policy and Full Employment without Inflation', in Economics, Eighth Edition, Chapter 19, New York: McGraw-Hill Book Company, Inc., 330-53 (1970)298
Part IVThe Burden of Debt Re-Examined
Part IV Overview325
15.'Is the National Debt a Burden?', Oxford Economic Papers, 10 (2), New Series, 163-83, June (1958)327
16.'Is the National Debt a Burden? A Correction', Oxford Economic Papers, 11, New Series, 109-10 (1959)348
17.'Concerning Future Generations', Chapter Four, and 'A Suggested Conceptual Revaluation of the National Debt', Appendix, in Public Principles of Public Debt: A Defense and Restatement, Homewood, IL: Richard D. Irwin, Inc., 31-47 and 196-215 (1958)350
18.'Classical Theory of Public Debt', in The Theory of Public Finance: A Study in Public Economy, Chapter 23, New York: McGraw-Hill Book Company, Inc., 556-80 (1959)387
19.'The Burden of Debt', Review of Economics and Statistics, XLIII, 139-41 (1961)412
20.'Long-Run Implications of Alternative Fiscal Policies and the Burden of the National Debt', Economic Journal, LXXI, December, 730-55 (1961)415
21.'Public Debt, Cost Theory, and the Fiscal Illusion', in James M. Ferguson (ed.), Public Debt and Future Generations, Chapter Six, Chapel Hill, NC: University of North Carolina Press, 150-63 (1964)441
22.'The Burden of the Public Debt: A Review Article', Journal of Finance, XX, 679-82 (1965)455
23.'The Icons of Public Debt', Journal of Finance, XXI, 544-6 (1966)459
24.'Reply', Journal of Finance, XXI, 547 (1966)462
Name Index463
Vol. 2
Acknowledgements
An introduction by the editors to both volumes appears in Volume Iix
Part IRicardian Equivalence in the Dock
Part I Overview3
1.'Are Government Bonds Net Wealth?', Journal of Political Economy, 82 (6), 1095-117 (1974)7
2.'Perceived Wealth in Bonds and Social Security: A Comment', Journal of Political Economy, 84 (2), 331-6 (1976)30
3.'Barro on the Ricardian Equivalence Theorem', Journal of Political Economy, 84 (2), 337-42 (1976)36
4.'Reply to Feldstein and Buchanan', Journal of Political Economy, 84 (2), 343-9 (1976)42
5.'The Ricardian Nonequivalence Theorem', Journal of Political Economy, 85 (1), 207-10 (1977)49
6.'On the Determination of the Public Debt', Journal of Political Economy, 87 (5, Part 1), 940-71 (1979)53
7.'The Logic of the Ricardian Equivalence Theorem', Finanzarchiv, 38 (1), New Series, 4-16 (1980)85
8.'Consumers are Not Ricardian: Evidence from Nineteen Countries', Economic Inquiry, XXXI (4), October, 534-48 (1993)98
9.'New Wine in Old Bottles: A Meta-Analysis of Ricardian Equivalence', Southern Economic Journal, 64 (3), January, 713-27 (1998)113
Part IIPublic Choice and Public Debt: Theory and Evidence
Part II Overview131
10.'Why the Social Insurance Budget is too Large in a Democracy', Economic Inquiry, XIII, September, 373-88 (1975)135
11.'Why a Stubborn Conservative Would Run a Deficit: Policy with Time-Inconsistent Preferences', Quarterly Journal of Economics, CIV, May, 325-45 (1989)151
12.'Politics and the Choice of Durability', American Economic Review, 79 (5), December, 1207-13 (1989)172
13.'A Positive Theory of Fiscal Deficits and Government Debt', Review of Economic Studies, 57 (3), July, 403-14 (1990)179
14.'Voting on the Budget Deficit', American Economic Review, 80 (1), March, 37-49 (1990)191
15.'Does Electoral Accountability Affect Economic Policy Choices? Evidence from Gubernatorial Term Limits', Quarterly Journal of Economics, CX, August, 769-98 (1995)204
16.'Time Inconsistency and Fiscal Policy: Empirical Analysis of U.S. States, 1969-89', Journal of Public Economics, 51 (1), May, 153-9 (1993)234
17.'The Politics of Infrastructure', Journal of Law and Economics, XXXVIII (1), April, 1-17 (1995)241
Part IIIDeficit Finance in Constitutional Perspective
Part III Overview261
18.'The Moral Dimension of Debt Financing', Economic Inquiry, XXIII (1), January, 1-6 (1985)265
19.'Balanced Budgets and Beyond', in James M. Buchanan, Charles K. Rowley and Robert D. Tollison (eds), Deficits, Chapter 20, Oxford: Basil Blackwell Ltd, 374-90 (1986)271
20.'The Limitations of Tax Limitation', Policy Review, 5, Summer, 7-14 (1978)288
21.'A Compelling Case for a Constitutional Amendment to Balance the Budget and Limit Taxes', in Richard H. Fink and Jack C. High (eds), A Nation in Debt: Economists Debate the Federal Budget Deficit, Frederick, MD: University Publications of America, 212-30 (1982/1987)296
22.'A Proposal for Two Constitutional Amendments', in Richard H. Fink and Jack C. High (eds), A Nation in Debt: Economists Debate the Federal Budget Deficit, Frederick, MD: University Publications of America, 231-4 (1983/1987)315
23.'Equality, Spending Limits, and the Growth of Government', in C. Lowell Harriss (ed.), Control of Federal Spending, Proceedings of the Academy of Political Science, 35 (4), New York: Academy of Political Science, 59-71 (1985)319
24.'Budget Process and Spending Growth', William and Mary Law Review, 31 (4), Summer, 1021-46 (1990)332
25.'A Note on the Empirical Effectiveness of Formal Fiscal Restraints', Journal of Public Economics, 44, 199-210 (1991)358
26.'State Responses to Fiscal Crises: The Effects of Budgetary Institutions and Politics', Journal of Political Economy, 102 (4), August, 799-821 (1994)370
27.'Legislative Organization of Fiscal Policy', Journal of Law and Economics, XXXVIII (2), October, 311-33 (1995)393
28.'The Politics and Economics of Budget Deficit Control: Policy Questions and Research Questions', in Jeffrey S. Banks and Eric A. Hanushek (eds), Modern Political Economy: Old Topics, New Directions, Chapter 6, Cambridge: Cambridge University Press, 171-90 (1995)416
29.'The Balanced Budget Amendment: Clarifying the Arguments', Public Choice, 90, 117-38 (1997)436
30.'Do Budget Rules Work?', in Alan J. Auerbach (ed.), Fiscal Policy: Lessons from Economic Research, Chapter 3, Cambridge, MA and London, England: MIT Press, 53-86 (1997)458
31.'Comment', in Alan J. Auerbach (ed.), Fiscal Policy: Lessons from Economic Research, Cambridge, MA and London, England: MIT Press, 87-95 (1997)492
32.'Comment', in Alan J. Auerbach (ed.), Fiscal Policy: Lessons from Economic Research, Cambridge, MA and London, England: MIT Press, 97-100 (1997)501
33.'Fiscal Consequences of Budget Baselines', Journal of Public Economics, 67 (3), March, 421-36 (1998)505
34.'Budget Deficits and the Size of Government in the UK and US: A Public Choice Perspective on the Thatcher and Reagan Years', in K. Alec Chrystal and Rupert Pennant-Rea (eds), Public Choice Analysis of Economic Policy, Chapter 2, London: Macmillan Press Ltd and New York: St Martin's Press, Inc., 20-58 (2000)521
Name Index561

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