Public Debt and the Common Good

Taylor & Francis

Public Debt and the Common GoodPhilosophical and Institutional Implications of Fiscal Imbalance\nAuthor(s): James Odom\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781138618169, 978-1138618169\nSynopsis\nThe American national debt stands at $[url] trillion as of January 2018, or roughly $63,000 for every person in the United States. The national debt has grown six-fold in the past 25 years, and borrowing only has accelerated in recent administrations. What are the factors driving such unrestrained borrowing? Is American fiscal policy different now than in an earlier era? Is there a moral dimension to public debt and, if so, how can that dimension be measured?\n\nPublic Debt and the Common Good addresses these and other questions by looking to the fiscal policy of the American states. Drawing on classical themes and the longest quantitative review of state debt in the literature, James Odom expertly integrates institutional anal.