Wheelers Books
The Debt Delusion: Living Within Our Means and Other Fallacies

The Debt Delusion: Living Within Our Means and Other Fallacies (Trade Paperback / Paperback)

By Weeks, John F.

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  • Internationally sourced

'Governments should spend no more than their tax income.' Most people in Europe and North America accept this statement as simple common sense. It resonates with the deeply engrained economic metaphors that dominate public discourse, from 'living within your means' to 'balancing ...the budget' - all necessary, or so conventional wisdom holds, to avoid the dangers of debt, taxation and financial ruin. This book shows how these homely metaphors constitute the 'debt delusion': a set of plausible-sounding yet false ideas that have been used to justify damaging austerity policies. John Weeks debunks these myths, explaining the true story behind public spending, taxation, and debt, and their real function in the management of our economies. He demonstrates that disputes about public finances are not primarily technical matters best left to specialists and experts, as many politicians would have us believe, but rather fundamentally questions about our true political priorities. Requiring no prior economic knowledge, this is an ideal primer for anyone wishing to cut through the rhetoric and misinformation that dominate political debates on economics and become an informed citizen.
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ISBN 9781509532940
Released AU 15 Nov 2019
Publisher John Wiley & Sons Australia Lt
Format Trade Paperback/Paperback
Alternate Format(s) View All (1 other possible title(s) available)
Internationally sourced (OOS locally); ships 6-12 working days

Full details for this title

ISBN-13 9781509532940
Stock Available
Status Internationally sourced (OOS locally); ships 6-12 working days
Publisher John Wiley & Sons Australia Lt
Imprint Polity Press
Released 15 Nov 2019
Publication Country United Kingdom United Kingdom
Format Trade Paperback/Paperback
Author(s) By Weeks, John F.
Category Political Economy
Public Finance
Number of Pages 216
Dimensions Width: 139mm
Height: 216mm
Spine: 18mm
Dewey Code 336.34
Weight 296g
Interest Age General Audience
Reading Age General Audience
Library of Congress Fiscal policy, Finance, Public, Debts, Public, Government spending policy
NBS Text Economics: Professional & General
ONIX Text Professional and scholarly