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Recenzió: Könnyelmű verdikt – Az államadósság védelmében

Kovacs, O. (2022): Könnyelmű verdikt az államadósság fölött / Light-hearted Verdict over Public Debt/. Review article in Hungarian, Eichengreen, B.–El-Ganainy, A.–Esteves, R.–Mitchener, K. J.: In Defense of Public Debt. Oxford University Press, p. 313, Economic Review, Vol. 69., March 2022, pp. 413-418

What the book says, by the way, is not that we can see debt accumulation as a path to salvation and ordinary happiness from now on. Rather, due to the complexity of the socio-economic system, there are no prescriptions independent of time and space – a dynamic approach, continuous monitoring and sometimes self-correction are needed to take into account wider interactions. We cannot undertake to present the volume in its entirety here, but to add only a few thoughts-provoking aspects to it.