The ethics of debt default
One of James Buchanan’s most interesting papers is The Ethics of Debt Default (1987), first published in the book Deficits (a collection of public choice articles about public debt and debt financing), edited by James M. Buchanan, Charles Kershaw Rowley, … Continue reading
Posted in Economics, Philosophy, Politics
Tagged Anthony de Jasay, Contractarianism, Debt Ceiling, Debt Default, Debt Financing, Debt Repudiation, Ethics of Debt Default, Fairness, Government Bonds, James Buchanan, John Rawls, National Debt, Original Position, Risk Premium, State of Nature, Veil of Ignorance
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