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Budget Deficits and the US Economy: Considerations in a Heilbronerian Mode

In: Economics as Worldly Philosophy

Author

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  • Robert Pollin

Abstract

What is the economic impact of federal budget deficits on the US economy? There is no doubt that this is the most widely debated economic issue of our time. Controversy rages all around us — within academic forums, in the press, and even as part of the daily fare of radio call-in shows. The 1988 Presidential campaign elevated the issue to a place of unique prestige: fearing Walter Mondale’s 1984 fate, both candidates studiously avoided substantive discussion, even as their brows furrowed rigorously at any mention of the topic.

Suggested Citation

  • Robert Pollin, 1993. "Budget Deficits and the US Economy: Considerations in a Heilbronerian Mode," Palgrave Macmillan Books, in: Ron Blackwell & Jaspal Chatha & Edward J. Nell (ed.), Economics as Worldly Philosophy, chapter 5, pages 107-144, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-22572-9_5
    DOI: 10.1007/978-1-349-22572-9_5
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    Cited by:

    1. Fred Block, 1995. "Did Household Saving Really Decline in the Reagan Years?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 27(4), pages 37-55, December.

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