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Arkadiusz Babczuk (2008/6, Articles,
Deficit and Public Debt in the Light of Pre-Keynesian Thought
Managers of public finances and thinkers were interested in public debt long time before economic theory started to be formulated. Initially negative attitude to public debt was a consequence of theological criticism of financial usury. For the first time public debt as instrument of public finance management was accepted by mercantilists. In first half of XIX century most economists (...)
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