Debt and Deficits

Debt and deficits are considered by some to be a major economic problem, indeed one that threatens the stability of the US economy with serious, possibly catastrophic, consequences for the world economy. What is it that leads some countries into large and continuing budget or trade deficits? This invaluable three volume reference collection provides a major contribution to current debates by bringing together two centuries of experience, concern, theorizing and policy making over the role and management of public sector debt and deficit.