Do deficit$ matter? / Daniel Shaviro.
Material type:
- text
- computer
- online resource
- 0226751155
- 9780226751153
- Do deficits matter?
- 339.5/23/0973 20
- HJ2051 .S475 1997eb
Includes bibliographical references (pages 311-323) and index.
DO DEFICITS MATTER?; Contents; Acknowledgments; ONE Introduction; TWO Reasons for the Perceived Importance of Budget Deficits; THREE The Debate among Economists from the 1770s through the 1970s; FOUR The Modern Deficit Debate; FIVE Tax Lag and Generational Equity; SIX Macroeconomic Issues Raised by Tax Lag and Budget Deficits; SEVEN Issues of Government Size and Structure; EIGHT Conclusion; Bibliography; Index.
Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanc.
Print version record.
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