The Debt and the Deficit: False Alarms/Real Possibilities [Paperback]

Robert L. Heilbroner (Author), Peter L. Bernstein (Author)

Book Description

ISBN-10: 0393306119 | ISBN-13: 978-0393306118 | Publication Date: July 17, 1989

As the British trade deficit continues to grow, this trenchant, original and timely book on the US deficit and national debt offers much to readers on this side of the Atlantic.

The authors explain what national debts and deficits are, and what they are not. One thing they are not nearly as big as we think. Another thing they are not is a burden on the shoulders of our grandchildren. And one thing they are is a potential means of financing economic growth. Heilbroner and Bernstein do not shrug aside the debt and deficit. "The only remedy for our present frightened state of mind", they write, "is explanations that are simple but accurate, facts that will defuse unreasoning panic, and arguments that will stand up under the most skeptical examination."

Editorial Reviews

About the Author

Robert L. Heilbroner was Norman Thomas Professor of Economics at the New School for Social Research and author of The Worldly Philosophers and many other books.

Peter L. Bernstein's books include the worldwide bestseller Against the Gods: The Remarkable Story of Risk. Bernstein is also an economic consultant and publisher of Economics and Portfolio Strategy, a semimonthly letter for institutional investors.

Product Details

• Paperback: 144 pages
• Publisher: W. W. Norton & Company (July 17, 1989)
• Language: English
• ISBN-10: 0393306119
• ISBN-13: 978-0393306118
• Product Dimensions: 8.2 x 5.5 x 0.4 inches
• Shipping Weight: 6.7 ounces (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,608,499 in Books (See Top 100 in Books)

More About the Author

Robert Heilbroner is the Norman Thomas Professor of Economics, Emeritus, at The New School for Social Research. He is the author of over twenty books, among them The Worldly Philosophers. He lives in New York City.