The Economics of Budget Deficits provides a comprehensive overview of the scholarly literature exploring the causes and consequences of deficit spending and the public debt. Incorporating classical, Keynesian and public choice analyses of debt-financed public expenditures, the two volumes...

I Perspectives -- 1 Introduction -- 2 Rent-Seeking Versus Directly Unproductive Profit-Seeking Activities -- 3 In Search of Rent-Seeking -- 4 Rents and Rent-Seeking -- II Theoretical Developments -- 5 The Social Costs of Monopoly and Regulation: A Game-Theoretic Analysis -- 6 Risk-Averse Rent...