Democracy in Deficit
E438124
Democracy in Deficit is a seminal public choice economics book by James M. Buchanan and Richard Wagner that critiques Keynesian fiscal policy and explains how democratic political incentives lead to chronic government budget deficits.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Democracy in Deficit canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T4420272 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Democracy in Deficit Context triple: [James M. Buchanan, notableWork, Democracy in Deficit]
-
A.
The Case for Democracy
The Case for Democracy is a political book by Natan Sharansky that argues that the spread of liberal democracy is essential for global security and moral progress.
-
B.
Democracy Matters
Democracy Matters is a political philosophy book by Cornel West that critiques the state of American democracy and explores the threats posed by imperialism, racism, and religious fundamentalism.
-
C.
The Crisis of Democracy
The Crisis of Democracy is a 1975 report commissioned by the Trilateral Commission that analyzes the challenges posed to Western democratic governance by rising public participation and demands in the late 20th century.
-
D.
Democracy: The God That Failed
Democracy: The God That Failed is a libertarian and anarcho-capitalist critique of democratic government that argues for monarchy and private law societies as superior political orders.
-
E.
Triumphant Democracy
Triumphant Democracy is a political and social treatise by industrialist Andrew Carnegie that praises American democratic institutions and contrasts them favorably with the British system of government.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Democracy in Deficit Target entity description: Democracy in Deficit is a seminal public choice economics book by James M. Buchanan and Richard Wagner that critiques Keynesian fiscal policy and explains how democratic political incentives lead to chronic government budget deficits.
-
A.
The Case for Democracy
The Case for Democracy is a political book by Natan Sharansky that argues that the spread of liberal democracy is essential for global security and moral progress.
-
B.
Democracy Matters
Democracy Matters is a political philosophy book by Cornel West that critiques the state of American democracy and explores the threats posed by imperialism, racism, and religious fundamentalism.
-
C.
The Crisis of Democracy
The Crisis of Democracy is a 1975 report commissioned by the Trilateral Commission that analyzes the challenges posed to Western democratic governance by rising public participation and demands in the late 20th century.
-
D.
Democracy: The God That Failed
Democracy: The God That Failed is a libertarian and anarcho-capitalist critique of democratic government that argues for monarchy and private law societies as superior political orders.
-
E.
Triumphant Democracy
Triumphant Democracy is a political and social treatise by industrialist Andrew Carnegie that praises American democratic institutions and contrasts them favorably with the British system of government.
- F. None of above. chosen
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics book ⓘ non-fiction book ⓘ public choice economics book ⓘ |
| aimsTo |
explain chronic budget deficits in democracies
ⓘ
link political processes to fiscal outcomes ⓘ |
| author |
James M. Buchanan
NERFINISHED
ⓘ
Richard E. Wagner NERFINISHED ⓘ |
| coAuthor |
James M. Buchanan
NERFINISHED
ⓘ
Richard E. Wagner NERFINISHED ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| criticizes |
Keynesian economics
ⓘ
Keynesian fiscal policy ⓘ deficit financing ⓘ discretionary fiscal policy ⓘ short-run demand management ⓘ |
| field |
economics
ⓘ
political economy ⓘ public choice theory ⓘ |
| genre | academic literature ⓘ |
| hasKeyConcept |
constitutional constraints
ⓘ
fiscal illusion ⓘ intergenerational redistribution via debt ⓘ political incentives ⓘ rules versus discretion in policy ⓘ |
| hasPerspective | public choice perspective ⓘ |
| influenced |
constitutional fiscal reforms
ⓘ
literature on political budget cycles ⓘ research on deficit bias ⓘ |
| influencedBy |
Keynesian revolution in macroeconomics
NERFINISHED
ⓘ
constitutional economics ⓘ public choice theory ⓘ |
| language | English ⓘ |
| mainSubject |
Keynesian fiscal policy
ⓘ
constitutional political economy ⓘ democratic political incentives ⓘ fiscal policy ⓘ government budget deficits ⓘ public debt ⓘ |
| notableFor |
analysis of democratic bias toward deficits
ⓘ
public choice critique of Keynesianism ⓘ |
| proposes |
constitutional constraints on fiscal policy
ⓘ
fiscal rules ⓘ |
| publicationYear | 1977 ⓘ |
| publisher | Academic Press NERFINISHED ⓘ |
| relatedWork |
Public Finance in Democratic Process
NERFINISHED
ⓘ
The Calculus of Consent NERFINISHED ⓘ |
| theorizes |
political incentives for overspending
ⓘ
systematic deficit bias in democracies ⓘ time inconsistency in fiscal policy ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Democracy in Deficit Description of subject: Democracy in Deficit is a seminal public choice economics book by James M. Buchanan and Richard Wagner that critiques Keynesian fiscal policy and explains how democratic political incentives lead to chronic government budget deficits.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.