Debt and Deficits : An Historical Perspective

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Analyzing the causes and consequences of debt and deficits from the late 17th century to the 1990s, the authors examine the ideas and events that have changed economists' , politicians', and policy makers' views over the last 250 years. They address such questions as why tax collection was so much more effective in 18th century England than in the Ancien Regime in France; what Gladstonian Public Finance was; whether there was a Keynesian Revolution at the Treasury; and whether war is the inevitable engine of developments. Annotation c. by Book News, Inc., Portland, Or.