Abstract
Interest in the economics of deficit finance began to all intents and purposes with the absorption of the economics of the General Theory. Before that, though with a few exceptions, the economic discussion of the public finances was based on the assumption of a fully employed economy and the notion of using deficit finance to stimulate output was accordingly not at issue.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Barro, R. 1974. Are government bonds net wealth? Journal of Political Economy 82(6): 1095–1117.
Kregel, J. 1985. Budget deficits, stabilization policy and liquidity preference: Keynes’ post-war proposals. In Keynes’s relevance today, ed. F. Vicarelli. London: Macmillan.
Lerner, A.P. 1943. Functional finance and the federal debt. Social Research 10: 38–51.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Artis, M.J. (2018). Deficit Spending. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_465
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_465
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences