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Public Borrowing
Hardcover
Business GeneralInvesting & FinanceGeneral Political Science
ISBN13: 9781025932217
Publisher: Tradd Street Press
Published: Feb 14 2026
Pages: 154
Weight: 0.87
Height: 0.44 Width: 6.14 Depth: 9.21
Language: English
Public Borrowing is an authoritative exploration of the principles and practices of government debt management, specifically focusing on the challenges faced by municipal and local authorities. Authored by the esteemed economist Paul Studenski, this work provides a detailed analysis of the evolution of public credit and the strategic fiscal decisions required to fund public infrastructure and community services.
The text delves into the critical balance between taxation and borrowing, examining the economic justifications for incurring debt and the long-term implications for public solvency. Studenski investigates various methods of debt retirement, the administration of sinking funds, and the legal frameworks that ensure fiscal accountability. By addressing the distinction between borrowing for capital improvements and borrowing for current expenses, the book offers a foundational perspective on sound financial governance.
Valuable for students of economic history, public administration, and political science, Public Borrowing serves as a comprehensive record of early 20th-century fiscal thought. It underscores the importance of transparent and responsible credit management in the development of modern municipal systems, reflecting the scholarly standards promoted by the National Municipal League.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.
This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.
As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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