About the Author: Herbert Stein is A. Willis Robertson Professor of Economics at the University of Virginia. He is a former chairman of the Council of Economic Advisors, has served on the President's Economic Policy Advisory Board, and is a member of the American Academy of Arts and Sciences. His former books include Economic Planning and the Improvement of Public Policy (with Wassily Leontief), On the Brink (with Benjamin Stein), and Presidential Economics.