You are looking at 1 - 10 of 12 items

  • Author or Editor: Geoffrey Brennan x
Clear All Modify Search
You do not have access to this content

Geoffrey Brennan

You do not have access to this content

Geoffrey Brennan

You do not have access to this content

Geoffrey Brennan

You do not have access to this content

Geoffrey Brennan

The very existence of public debt presupposes an ethical commitment by current governments to fulfil the undertakings of predecessors – or at least a belief among potential bondholders that such a commitment exists. This commitment should not be confused with electoral ‘promises’, which serve a different (weak signalling) function: the ‘political obligations’ associated with public debt are stronger than those associated with electoral promises. There is, moreover, an ethical dimension to electoral behaviour: individual voters’ ethical commitments play a role in their choosing how to vote – a more significant role than ethical commitments play in market choices. This ethical dimension may conceivably overcome the interest-based incentive nations have in free-riding on global climate deals. But that is more likely to be so if emission-reduction policies are financed out of public debt. However, debt-financing is a disappearing option, because in most countries debt is at levels that are inhospitable to further increase.

This content is available to you

Edited by Geoffrey Brennan and Giuseppe Eusepi

This content is available to you

Geoffrey Brennan and Giuseppe Eusepi

You do not have access to this content

Geoffrey Brennan and Giuseppe Eusepi

You do not have access to this content

Geoffrey Brennan and Alan Hamlin

You do not have access to this content

Edited by Geoffrey Brennan and Giuseppe Eusepi

This book makes a rational and eloquent case for the closer integration of ethics and economics. It expands upon themes concerned with esteem, self-esteem, emotional bonding between agents, expressive concerns, and moral requirements.
You do not have access to this content

Geoffrey Brennan and Giuseppe Eusepi