Public Debt and the Birth of the Democratic State: France and Great Britain 1688-1789 (Political Economy of Institutions and Decisions)

Product ID: 875705

Publication Date: 2008-08-28
Author(s):David Stasavage
Edition: 1
Binding: Paperback
Number of Pages: 223
Publisher: Cambridge University Press
ISBN: 0521071275
ISBN13: 9780521071277

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SKU	0521071275
Weight	0.36 Kgs
Price:	HK$288.00

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Does establishing representative democracy increase commitment to repaying public debt? This book develops a new theory about the link between debt and democracy and applies it to a classic historical comparison: eighteenth century Great Britain (which had strong representative institutions and sound public finance) vs. ancien regime France (which had neither). The study asserts that whether representative institutions improve commitment depends on the opportunities for government creditors to form coalitions with other groups. It is relevant to developing country governments with implications for government policy where credibility is a concern.

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Public Debt and the Birth of the Democratic State: France and Great Britain 1688-1789 (Political Economy of Institutions and Decisions) :: 0521071275

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