Journals Higher Education



Published: 25 November 2021

320 Pages


ISBN: 9780197577899

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Bookseller Code (TA)

In Defense of Public Debt

Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, and Kris James Mitchener

  • Recounts two millennia of public debt history, putting contemporary political concerns in context
  • Provides a balanced interpretation of public debt, emphasizing constructive aspects that are often neglected
  • Connects the present challenges of debt-management in advanced economies to those of the past, showing how economies climbed out from under mountains of debt
  • Pushes back on mainstream accounts warning of the negative consequences of public debt issuance