Do Deficits Matter?

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A01=Daniel Shaviro
Author_Daniel Shaviro
balanced budgets
budget
Category=JPQB
Category=KCA
Category=KCB
Category=KFFD
debt
deficit
economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
finance
fiscal policy
generational distribution
government spending
growth
interest rates
intergenerational equity
law
legislation
line-item veto
macroeconomics
national saving
nonfiction
philosophy
political economy
politics
prosperity
social security
tax lag
wealth

Product details

  • ISBN 9780226751139
  • Weight: 482g
  • Dimensions: 15 x 23mm
  • Publication Date: 22 Nov 1999
  • Publisher: The University of Chicago Press
  • Publication City/Country: US
  • Product Form: Paperback
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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 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature

"Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal

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