Mountains of Debt: Crisis and Change in Renaissance Florence, Victorian Britain, and Postwar AmericaLike the United States today, Renaissance Florence and Victorian Britain were the richest, most dynamic economic systems of their times. Yet each succumbed to a fiscal crisis brought on by public debt and taxation and eventually fell into long-term economic decline. Now, public debt and taxation dominate the America policy agenda. Must the United States follow the same dismal pattern of fiscal crisis and economic decline? Mountains of Debt argues that it is not too late for the United States to change directions and suggests a comprehensive program for reform of American fiscal institutions that would reduce the deficit problem and at the same time reverse the long-term structural trends that are both the cause and the effect of the fiscal crisis today. Offering proposals for reducing the deficit, this new analysis could alter the current course of the United States economy. |
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... period precisely replicated earlier patterns. Yet there are important similarities among these experiences and much ... periods in economic history and the history of public debt and taxation. This study of economic history has been an ...
... period precisely replicated earlier patterns. Yet there are important similarities among these experiences and much ... periods in economic history and the history of public debt and taxation. This study of economic history has been an ...
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... periods of time in pursuit of causes and effects. Economic history gives economic analysis the useful freedom to be ... periods of the past, Renaissance Florence and Victorian Britain, as well as to recent events in the United States. It ...
... periods of time in pursuit of causes and effects. Economic history gives economic analysis the useful freedom to be ... periods of the past, Renaissance Florence and Victorian Britain, as well as to recent events in the United States. It ...
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... period from the first industrial revolution to the second one, a span of over one hundred years. Like Florence, Britain gave birth to many of our presentday institutional and intellectual structures; so the story of how it dealt with ...
... period from the first industrial revolution to the second one, a span of over one hundred years. Like Florence, Britain gave birth to many of our presentday institutional and intellectual structures; so the story of how it dealt with ...
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... period (although the pace of change has accelerated in recent years). While the relatively rigid social and economic structures that we have built around ourselves over the years insulate us from change today, they make the ultimate ...
... period (although the pace of change has accelerated in recent years). While the relatively rigid social and economic structures that we have built around ourselves over the years insulate us from change today, they make the ultimate ...
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... period, the westward expansion, and the rise of the modern industrial economy has been, essentially, a story of structural change. New resources, new technologies, changing trade patterns, changing political patterns, new tastes, new ...
... period, the westward expansion, and the rise of the modern industrial economy has been, essentially, a story of structural change. New resources, new technologies, changing trade patterns, changing political patterns, new tastes, new ...
Contents
Mountains of Debt and the Heart of Florence | |
Britain and the Industrial Revolution | |
The Odious Tax and the Standing Miracle | |
The American Century and the American Crisis | |
The Changing Structure of American Government | |
The New Mountains of Debt | |
Saddle Points | |
Changing Directions | |
NOTES | |
BIBLIOGRAPHY | |
INDEX | |
Other editions - View all
Mountains of Debt: Crisis and Change in Renaissance Florence, Victorian ... Michael Veseth No preview available - 1990 |
Common terms and phrases
baby boom banks Black Death budget capital catasto change and fiscal Ciompi cloth commune’s consumption Corn Laws corporate Cosimo costs created deficit domestic dowry fund economic growth effect entrepreneurs example factors federal fifth element finance financial markets firms fiscal balance fiscal crisis fiscal imbalance flat tax Florence’s Florentine economy florin foreign government’s growing guilds important incentives income tax increase Industrial Revolution innovations institutions interest investment labor living standards longterm manufacturing Medici Medici bank Monte Commune Monte shares Napoleonic Wars national debt needed outlays pattern Peace of Lodi Peel’s percent perhaps period political population postwar private sector problem production profits programs public debt Renaissance Florence rigid rise role saddle point shift shortterm social insurance social security structural change tax burden tax expenditures tax rates tax reform tax system trade trend U.S. economy United Victorian Britain wealth workers world economy