Everybody talks about the economy. Everybody has complaints or recommendations. But often, nobody knows what they're talking about. So asserts Eisner in this authoritative analysis of the real and imagined ills of the U.S. economy. In clear, easy-to-understand language, this book explains how economic and social progress are and should be measured, challenging widespread misconceptions about debt and deficit, government spending and taxes, unemployment and inflation, foreign investment and international trade. Eisner argues that government accounting is fundamentally flawed since it fails to distinguish between current and capital expenditures, the way every business firm does. Not only is the deficit--when properly measured--not as large as we think, but government spending is in fact not high enough. Indeed, Eisner claims that we are starving this public investment, which is essential for improving our productivity--and our competitiveness--now and in the next century.

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Since 1984, Harvard Business School Press has been dedicated to publishing the most contemporary management thinking, written by authors and practitioners who are leading the way. Whether readers are seeking big-picture strategic thinking or tactical problem solving, advice in managing global corporations or for developing personal careers, HBS Press helps fuel the fire of innovative thought. HBS Press has earned a reputation as the springboard of thought for both established and emerging business leaders.

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