Democracy in Deficit: The Political Legacy of Lord Keynes is a book by American economists James M. Buchanan and Richard E. Wagner originally published in 1977.
Contents The book consists of 12 chapters:James M. Buchanan and Richard E. Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977. What Hath Keynes Wrought? The Old-Time Fiscal Religion First, the Academic Scribblers The Spread of the New Gospel Assessing the Damages The Presuppositions of Harvey Road Keynesian Economics in Democratic Politics Money-Financed Deficits and Political Democracy Institutional Constraints and Political Choice Alternative Budgetary Rules What about Full Employment? A Return to Fiscal Principle
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