Summary

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 economic theory and interpretations of our recent past.

Findings

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.

Recommendation

The clarity of its arguments and strength of its evidence are convincing. Strongly recommended for academic and large public libraries.

Richard C. Schiming, Economics Dept., Mankato State Univ., Minn.

Copyright 1986 Reed Business Information, Inc.