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Bucking The Deficit / Edition 1

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Overview


For years now, Americans have called for a balanced budget, debt reduction, and fiscal sanity. Yet the federal government continues to spend beyond its income, driving the level of federal debt up and public confidence down. Why is that? Why have the monsters of public finance—pork-barrel spending, entitlements, and the deficit—remained unchecked for so long? What effects have they had on our economy and our politics? What, if anything, can be done to tame them?This concise, well-written primer of American political economy offers answers to these questions and more, all the while covering a vast and complicated intellectual terrain in an accessible and engaging way. Political scientist G. Calvin Mackenzie and economist Saranna Thornton combine forces here to clear up some of the mysteries of contemporary economic theory and practice. They take us on a sweeping tour of the economic turning points in our national history and then go on to discuss what it will take to make sound economic policy and, ultimately, good government for the twenty-first century.Everyone—but especially students of American government, public policy, economics, and business—should have a copy of this on the shelf to help them make sense of the economic news and its political ramifications.
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Editorial Reviews

Booknews
Political scientist Mackenzie and economist Thornton tackle the deficit with a sweeping history of American politics and economics. They outline the development of economic theory in relation to government and market economies; tour through American history, looking at the progressives and populists and on through the post World War II era; examine fiscal, monetary macroeconomic and trade policies; the US deficit "monster"; and conclude with a speculation on possible scenarios of the future of American economics. Paper edition (unseen), $13.95. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780813320618
  • Publisher: Westview Press
  • Publication date: 4/1/1996
  • Series: Dilemmas in American Politics Series
  • Edition description: REV
  • Edition number: 1
  • Pages: 212
  • Lexile: 1310L (what's this?)
  • Product dimensions: 0.48 (w) x 6.00 (h) x 9.00 (d)

Meet the Author


G. Calvin Mackenzie holds the endowed chair of Distinguished Presidential Professor of American Government and is chair of the Department of Government at Colby College. Saranna Thornton is assistant professor of economics at Colby College.
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Table of Contents

List of Illustrations
Preface
Acknowledgments
1 The American Economy: Concepts and Theories 1
2 Development of the Modern Political Economy 43
3 Making Economic Policy 73
4 Dilemmas of Contemporary Economic Policy 123
5 Looking to the Future 153
Discussion Questions 163
Glossary 165
Notes 173
References 177
About the Book and Authors 181
Index 183
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