The Political Economy of Public Debt: Three Centuries of Theory and Evidence, by Richard M. Salsman

By Raymond C. Niles

Northampton, MA: Edward Elgar, 2017.322 pp. $126 (hardcover).

Dr. Richard M. Salsman’s book is an intellectual laser beam that offers clarity and precision in an important but neglected area of political and economic thought: public debt theory. The book’s title indicates the ambitious scope of the project, and the result matches the ambition. The book i…