Year: 2025
Type: article
Abstract: This article explores the historical evolution of public debt in major deve-loped economies and its role in shaping the modern state. By analyzing episodes of accumulation and consolidation, it identifies key fiscal, political, and military drivers. The text also engages with current debates on debt sustainability, austerity, and the institutional dimensions of sovereign borrowing.
Author: Avella, Mauricio
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W7067255944
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