The National Debt

"The National Debt" is a comprehensive and authoritative study on the history and management of public liabilities. Focusing primarily on the British experience, E. L. Hargreaves traces the evolution of government borrowing from its early origins through the significant expansions necessitated by major conflicts, including the Napoleonic Wars and the First World War. The work provides a detailed examination of the mechanisms used to fund national debt, the economic implications of persisten...