Public Economics in the United States: How the Federal Government Analyzes and Influences the Economy

This comprehensive explanation of the U.S. government's role in economics will be an eye-opener for anyone who wants to understand exactly what the government does-and doesn't do-in this most critical area. * Covers all basic subjects in government economics, addressing the practical side of public economics as well as theory * Includes rarely discussed topics such as modeling and forecasting the macroeconomy, the development of official measures of well-being, and professional ethics for economists in federal service * Comments on issues of particular interest to those in business including government intervention in small business lending, regulation of the banking industry, regulations governing securities transactions, outsourcing, and strategies for promoting U.S. competitiveness in world markets * Includes entries by leading experts such as Robert Lerman, president of the Society of Government Economists; Susan Offutt, chief economist of the Government Accountability Office; Paul Pautler, deputy director at the Federal Trade Commission; and Murray Weidenbaum, former chair of the President's Council of Economic Advisors