Principles of Economics, Vol. 2 (Classic Reprint) - Hardcover

N. G. Pierson

9780656114481: Principles of Economics, Vol. 2 (Classic Reprint)

Hardcover

ISBN 10: 0656114487 ISBN 13: 9780656114481

Publisher: Forgotten Books, 2018

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Understand how debt, taxes, and budgeting shape a country’s finances—and learn practical ideas to manage them wisely.

This edition discusses the core questions of public finance: why permanent debts can be harmful, when debt should be extinguished, and how a careful budget can ease tax burdens over time. It explains how countries can reduce debt through careful spending, accurate revenue forecasts, and selective borrowing, with an eye toward the living generation and future prosperity.

How debt policy can influence taxes and public services in both the short and long term.
Strategies for converting or extinguishing debt to improve national credit and reduce interest costs.
When temporary debt relief makes sense and when it might create new problems.
Historical examples that illustrate the potential benefits and risks of different debt approaches.

Ideal for readers of economics, public policy, and finance who want clear, practical insight into how governments manage deficits, debt, and investment for the benefit of today’s citizens and tomorrow’s generations.

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