About this title:
Vol. 8 of The Collected Works. Democracy in Deficit is one of the early comprehensive attempts to apply the basic principles of public-choice analysis to macroeconomic theory and policy. The book serves to bolster Buchanan’s central beliefs in the necessity of a balanced-budget amendment to the U.S. Constitution and in monetary rules rather than central bank discretion. The book is co-authored with Richard Wagner.
Another copy of this book can be found in HTML format at our sister website Econlib.
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Foreword and coauthor note © 2000 Liberty Fund, Inc. Democracy in Deficit: The Political Legacy of Lord Keynes © 1977 by Academic Press, Inc.
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