In this fascinating and comprehensive history, the authors provide a much-needed antidote to the simplistic accounts that so often dominate debates about government debt. From its earliest origins to today, public borrowing has sometimes led to spectacular failures, but it has also allowed societies to achieve objectives that would have been impossible in its absence. As we ask where we stand with public debt today, there is no better book to remind us of the lessons of history.
ISBN: 978-0-19-757789-9
