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ISSN: 2333-9721
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-  2018 

THE ORIGIN, DEVELOPMENT AND ECONOMIC FOUNDATIONS OF PUBLIC DEBTS

Keywords: Devlet Borcu,Devlet Borcunun Temeli,Faiz ??eren Bor?lanma,?ktisadi Dü?ünce ve Devlet Borcu

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Abstract:

The public debt have come from many stages and have been fed from many sources of religion, philosophy, and economics. It was first dealt with in the context of interest within the framework of religious and philosophical currents, due to the awareness of the negative effect of debt on the economic life, the evaluations on the public debts focused on economic effects of them. Especially with the Glorious Revolution in England, the concept of state debt has begun to include features that are accepted in the modern economic system. Hence while the Physiocrats and Classics had a more conservative stance on debt, Mercantlist and some authors, many of whom are German economists, had adopted a more moderate attitude towards government borrowing. In this study, which is called the origin, development and economic foundations of publ?c debts, we focused on public debt transformations and its economic nature. We also investigated the importance of public debt interms of state, individual and community

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