A moral da dívida pública
By: Silva, Marcos Fernandes Gonçalves da
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ArticlePublisher: São Paulo : Editora 34, abr./jun. 1998Revista de Economia Política = Brazilian Journal of Political Economy 18, 2, p. 31-48Abstract: This paper deals with the moral dimension of the public debt and its theoretical reference is Constitutional Economics. It is argued that the main reason to the existence of any moral link between public debt and ethics is the transference of costs to future generations. Firstly, the article explores James Buchanans public debt analysis. Secondly, is described in the paper the neoclassical point of view about the matter. The main purpose here is to establish, starting from the positive point of view and passing throughout a normative one, the role of a deontological analysis of the debt burden. After this, I make the linkage between institutions, incentives' schemes and debt
This paper deals with the moral dimension of the public debt and its theoretical reference is Constitutional Economics. It is argued that the main reason to the existence of any moral link between public debt and ethics is the transference of costs to future generations. Firstly, the article explores James Buchanans public debt analysis. Secondly, is described in the paper the neoclassical point of view about the matter. The main purpose here is to establish, starting from the positive point of view and passing throughout a normative one, the role of a deontological analysis of the debt burden. After this, I make the linkage between institutions, incentives' schemes and debt
Revista de Editora Política 1998
18, n. 2(70)
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