Written by John Lounsbury
Econintersect: This lecture, the ninth in a series (previous lectures listed end of this article), provides an analysis of the economic thinking that been used to argue for sovereign fiscal policy that has the objective of balancing the government’s budget and for the opposite (deficit spending). The lecture draws on more than 100 years of economic history.
The lecture shows how sectoral balance accounting is essential to understanding how the government and private sector interact in financial economics.
Lectures in the Series
​Lecture 1
​Lecture 5
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