In contemporary American political discourse, issues related to the scope, authority, and the cost of the federal government are perennially at the center of discussion. Any historical analysis of this topic points directly to the Great Depression, the "moment" to which most historians and...

Acknowledgements -- Foreword -- Introduction -- Changing strategies and global power in the long eighteenth century -- Eighteenth-century realities and historiographical approaches -- Administering the fiscal-military state : ordinary revenues : trusting in a consumers world -- Increasing...

The COVID-19 pandemic causes sharp reductions in economic output and sharp increases in government expenditures. This increases the riskiness of sovereign debts, especially in emerging economies. We propose a framework to study debt sustainability. The economy is subject to productivity and...