Democracy in Deficit
{{Short description|Economics book}}{{italic title}}
Democracy in Deficit: The Political Legacy of Lord Keynes is a book by American economists James M. Buchanan and Richard E. Wagner originally published in 1977.{{cite journal |last=Douglas |first=Hernán Cortés |year=1979 |title=Reviewed Work: "Democracy in Deficit: The Political Legacy of Lord Keynes" by James Buchanan, Richard Wagner |journal=Cuadernos de Economía |volume=16 |issue=48 |pages=245–251 |jstor=41951129}}{{cite journal |last=Glahe |first=Fred R. |year=1978 |title=Reviewed Work: Democracy in Deficit: The Political Legacy of Lord Keynes by James M. Buchanan, Richard E. Wagner |journal=Public Choice |volume=33 |issue=1 |pages=104–107 |jstor=30023027}}{{cite journal |last=Hansen |first=Susan Blackall |year=1979 |title=Democracy in Deficit: The Political Legacy of Lord Keynes. By James M. Buchanan and Richard E. Wagner. |journal=American Political Science Review |volume=73 |issue=4 |pages=1123–1124 |doi=10.2307/1953997}}
Contents
The book consists of 12 chapters:James M. Buchanan and Richard E. Wagner, Democracy in Deficit: The Political Legacy of Lord Keynes. New York: Academic Press, 1977.
- What Hath Keynes Wrought?
- The Old-Time Fiscal Religion
- First, the Academic Scribblers
- The Spread of the New Gospel
- Assessing the Damages
- The Presuppositions of Harvey Road
- Keynesian Economics in Democratic Politics
- Money-Financed Deficits and Political Democracy
- Institutional Constraints and Political Choice
- Alternative Budgetary Rules
- What about Full Employment?
- A Return to Fiscal Principle