THE FISCAL CLIFF is a timely, no-nonsense account of our country’s current financial predicament and the precipitous fall that may soon come. Using the most up-to-date government and private sector data, economists Ayse Imrohoroglu and Selahattin Imrohoroglu offer a nuts-and-bolts primer to those who want to better understand the real fiscal crisis behind today’s headlines and rhetoric. Unafraid to mince words, these authors recount the good, the bad, and the ugly of America’s economic past, present, and future. Invoking two key economic principles, the Imrohoroglus highlight a specific bipartisan budget proposal as one possible means for the United States to avert financial calamity. They make a quantitative, qualitative, and compelling case. By all means, check their work.

About the Author

Ayse Imrohoroglu is a professor of finance and business economics at the University of Southern California's Marshall School of Business, where she has served as chair of the Finance and Business Economics Department. She specializes in business cycles, inflation, unemployment insurance, and Social Security. She is also an editor of the European Economic Review.

Selahattin Imrohoroglu is a professor of finance and business economics at the University of Southern California's Marshall School of Business, where he is the academic director and assistant dean of the IBEAR MBA program. He specializes in taxes, savings, and Social Security.

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