The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Eisner, Robert (1922–1998)

  • James K. Galbraith
Reference work entry


Robert Eisner, a leading American macroeconomist and theorist of the investment function, was an architect of the Keynesian ascendancy in post-war America. He developed the accounting foundations of Keynesian macroeconomics, finally producing a Total Income System of Accounts. His ideas found application in his later, policy-oriented writings on the budget deficit, the current account, and the Social Security system. His embrace of capital budgeting underpinned a strong advocacy of liberal expenditure on infrastructure, education, and research and development. He was throughout motivated by a commitment to larger social goals, especially full employment, peace, and justice.


American Economic Association Budget deficits Capital budgeting China One-child policy Collective bargaining Depreciation allowance Economists Allied for Arms Reduction Eisner, R. Full employment Invariant multiplier Investment function Keynesian Revolution Liquidity preference Liquidity trap Natural rate of unemployment (NAIRU) Office of Price Administration Peace economics Permanent income hypothesis Replacement costs Social Security Total Income System of Accounts Unit relative price elasticity 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • James K. Galbraith
    • 1
  1. 1.