Mountains of Debt: Crisis and Change in Renaissance Florence, Victorian Britain, and Postwar America

Mountains of Debt: Crisis and Change in Renaissance Florence, Victorian Britain, and Postwar America

by Michael Veseth
     
 

View All Available Formats & Editions

ISBN-10: 0195064208

ISBN-13: 9780195064209

Pub. Date: 11/28/1990

Publisher: Oxford University Press, USA

Like the United States today, Renaissance Florence and Victorian Britain were the richest, most dynamic economic systems of their times. Yet each succumbed to a fiscal crisis brought on by public debt and taxation and eventually fell into long-term economic decline. Now, public debt and taxation dominate the America policy agenda. Must the United States follow the

Overview

Like the United States today, Renaissance Florence and Victorian Britain were the richest, most dynamic economic systems of their times. Yet each succumbed to a fiscal crisis brought on by public debt and taxation and eventually fell into long-term economic decline. Now, public debt and taxation dominate the America policy agenda. Must the United States follow the same dismal pattern of fiscal crisis and economic decline? Mountains of Debt argues that it is not too late for the United States to change directions and suggests a comprehensive program for reform of American fiscal institutions that would reduce the deficit problem and at the same time reverse the long-term structural trends that are both the cause and the effect of the fiscal crisis today. Offering proposals for reducing the deficit, this new analysis could alter the current course of the United States economy.

Product Details

ISBN-13:
9780195064209
Publisher:
Oxford University Press, USA
Publication date:
11/28/1990
Pages:
256
Product dimensions:
6.44(w) x 9.56(h) x 1.04(d)

Table of Contents

Prologue3
1.Structural Change and Fiscal Crisis7
2.Renaissance Florence: Death, Birth, and the Fifth Element19
3.Mountains of Debt and the Heart of Florence46
4.Simple Patterns: Britain and the Industrial Revolution75
5.The Odious Tax and the Standing Miracle103
6.The American Century and the American Crisis132
7.The Changing Structure of American Government153
8.The New Mountains of Debt171
9.Saddle Points190
10.Changing Directions212
Notes223
Bibliography235
Index244

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >