Striking a Balance: Making National Economic Policy

The language of economic policy is as familiar as the daily newspaper—tax cuts, the prime rate, monetarism, deregulation, the balance of payments—but how well do we understand it? Too often, the reasoning and the difficult choices that lead to economic policies are hidden from nonexperts in a fog of statistics and jargon.

Striking a Balance sets forth in clear, nontechnical language the principal goals of national economic policy, the instruments used to achieve these goals, and the politic...