PL EN


2008 | 6 | 777-797
Article title

The Problem of Public Debt in Pre-Keynesian Economic Thought

Authors
Title variants
Languages of publication
PL
Abstracts
EN
Managers of public finances and thinkers were interested in public debt long time before economic theory started to be formulated. Initially negative attitude to public debt was a consequence of theological criticism of financial usury. For the first time public debt as instrument of public finance management was accepted by mercantilists. In first half of 19th century most economists, especially representatives of the English liberal school, were strong against creation of public debt. One of the first economist who justified temporary public credit was C.F. Bastable. In the second half of 19th century public debt was accepted by representatives of historical school. They argued with neoclassical economists, who were against the practice of incurring public debt.
Year
Issue
6
Pages
777-797
Physical description
Document type
ARTICLE
Contributors
  • A. Babczuk, Akademia Ekonomiczna we Wroclawiu, Katedra Finansów i Rachunkowosci,
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
09PLAAAA05817
YADDA identifier
bwmeta1.element.fd236530-2ff7-34cb-bdee-53ef4b1addd0
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