Abstract:Economic crises have historically set the stage for the reconfiguration of the economic borders of the state. Current concerns focus on debt and associated intergenerational issues, such as pensions, infrastructure, and the environment. The sustainable state is designed to put in place a framework for integrating these intergenerational issues, alongside the traditional focus on macroeconomic policy, static market failures, and transfers. The building blocks include the accounting framework and, in particular,… Show more
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