This chapter critically reviews the literature which explains why and under which
circumstances governments accumulate more debt than it would be consistent with optimal …

This chapter surveys the literature on the macroeconomic effects of government debt. It
begins by discussing the data on debt and deficits, including the historical time series …

The term “austerity” indicates a policy of sizeable reduction of govern-ment deficits and
stabilization of government debt achieved by means of spending cuts or tax increases, or …

Winner of the Lillian Smith Book Award Winner of the Los Angeles Times Book Prize Finalist
for the National Book Award The Nation's" Most Valuable Book"“[A] vibrant intellectual …

Neoliberalism has become a dirty word. In political discourse, it stigmatizes a political
opponent as a market fundamentalist; in academia, the concept is also mainly wielded by its …

Claims blockchain is more than just ICT innovation, but facilitates new types of economic
organization and governance. Suggests two approaches to economics of blockchain …

Over the past four decades, government debt as a fraction of GDP has been on an upward
trajectory in advanced economies, approaching levels not reached since World War II. While …

Imagine each family as a kind of little factory—a multiperson unit producing meals, health,
skills, children, and self-esteem from market goods and the time, skills, and knowledge of its …

This book was written to complete the curriculum requirement of the Master's of
Macroeconomics degree. Macroeconomics is a very practical subject and can be very useful …

Blockchains are the distributed ledger technology that powers Bitcoin and other
cryptocurrencies. But blockchains can be used for more than the transfer of tokens–they are …