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.
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...
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