The first clear formulation of a theory of public expenditure which can give a positive interpretation was presented by poter krut Wicksell and Esik Lindahl. In this formulation, individuals bargain over the level of public goods supply, simultaneously with the distribution of the cost between them. The bargaining equilibrium is Pareto optimal. In addition, each individual pays a price in [...]
In this article we will discuss about:- 1. Concepts of Deficit Financing in India 2. Role of Deficit Financing 3. Safe Limits. Concepts of Deficit Financing in India: The issue of definition and measurement of deficit financing is sometimes confusing. We are familiar with different concepts of deficit, and in India, the concepts of Revenue Deficit, Budgetary Deficit, Monetized Deficit, [...]
Get the answer of: Does an Internally-Held Public Debt Shift Burden to Future Generation? Some economists have argued that public debt is invariably a burden on the future generations. They argue that the 'burden' of the debt refers to the problems that arise when it is repaid. They feel that when the government borrows the present generation escapes the burden. [...]