The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Deficit Spending

  • M. J. Artis
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_465

Abstract

Interest in the economics of deficit finance began to all intents and purposes with the absorption of the economics of the General Theory. Before that, though with a few exceptions, the economic discussion of the public finances was based on the assumption of a fully employed economy and the notion of using deficit finance to stimulate output was accordingly not at issue.

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Bibliography

  1. Barro, R. 1974. Are government bonds net wealth? Journal of Political Economy 82(6): 1095–1117.CrossRefGoogle Scholar
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  3. Lerner, A.P. 1943. Functional finance and the federal debt. Social Research 10: 38–51.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • M. J. Artis
    • 1
  1. 1.