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Eisner argues that the federal deficit as currently measured is inaccurate and misleading. When inflation is properly accounted for, he points out, a dramatically different picture of the deficit occurs. In light of these new deficit figures, Eisner challenges current eco nomic theory and interpretations of our recent past. He finds that the deficit has not been as large as recently measured and that efforts to reduce the deficit may do more harm than good. This book will spark serious debate among economists and policymakers. The clarity of its arguments and strength of its evidence are convincing. Strongly recommended for academic and large public libraries. Richard C. Schim ing, Economics Dept., Mankato State Univ., Minn.
Copyright 1986 Reed Business Information, Inc.
Copyright 1986 Reed Business Information, Inc.
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Robert Eisner was William R. Kenan Professor of Economics at Northwestern University. He was widely recognized for his knowledge and research of macroeconomics and the economics of business cycles. Eisner served as an advisor to economic policy for President Bill Clinton in 1992. He passed away in November 1998.
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