ECSPC Call for Papers

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The European Center for the Study of Public Choice (ECSPC) and the Walter Eucken Institut (WEI) in conjunction with the Department of Law and Economics of Productive Activities are pleased to announce a call for papers for a conference entitled INSIDE PUBLIC DEBT: ETHICAL ARGUMENTS AGAINST DEFAULT, to be held May 30th-June 1st, 2016 at Sapienza University of Rome, Faculty of Economics.


Controversy over debt default has been present throughout the history of economics. Among the various arguments in favor of debt default, perhaps none is more astounding than the one advanced by James M. Buchanan, the leading exponent of Contractarian thinking in economics.  His 1987 support for default rests upon the assumption that public debt is unjust and, consequently, default is just. In the third millennium, with the mounting riskiness of sovereign debts, debt default is no longer a theoretical issue. It has become a real problem in the USA, and even more in some European countries where default is increasingly a serious threat. Southern European countries, particularly Greece, have shown the complexity of debt management in the gargantuan unfinished institutional-constitutional setting of the European Union. In such an open-ended, uncertain and controversial context, academic thinking may provide an important contribution, both prospectively and retrospectively. Considering the trajectory of public debt in both sides of the Atlantic, the conference will provide a forum to discuss new approaches to the management of public debt. Both theoretical and empirical papers, particularly focusing on the EU institutional setting, are welcome.


Anyone interested in presenting a paper should send a one-page abstract and full details of their affiliation by e-mail prior to February 28, 2016 to the local organizer:

Giuseppe Eusepi
European Center for the Study of Public Choice Faculty of Economics
Sapienza University of Rome
Via del Castro Laurenziano, 9

Acceptance or rejection of the paper will be notified by March 15, 2016. Authors of accepted papers should send a completed draft by May 1st, 2016.

Participants will be responsible for their own expenses and payment of the conference registration fee of € 300.00, which covers conference materials, coffee breaks, lunches and conference dinner.

For further information about the conference see the ECSPC home page at:

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