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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)

Author: David Stasavage
Publisher: Cambridge University Press
Category: Book

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Sales Rank: 157804

Media: Paperback
Edition: 1
Pages: 224
Number Of Items: 1
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.6

ISBN: 0521071275
Dewey Decimal Number: 320
EAN: 9780521071277
ASIN: 0521071275

Publication Date: August 28, 2008
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Also Available In:

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

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Product Description
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.

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

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