The Economists’ Voice: Top Economists Take On Today's Problems

Edited by Joseph E. Stiglitz, Aaron S. Edlin, and J. Bradford DeLong

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2008 (328 pages )

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Download Complete Book Download
(pages 1-328)
Complete Book Download (pages 1-328)

Download Table of Contents
(pages 5-10)
Table of Contents (pages 5-10)

Download Part I: Global Warming
(pages 11-12)
Part I: Global Warming (pages 11-12)

Download 1. Climate Change: The Uncertainties, the Certainties, and What They Imply About Action. Thomas C. Schelling
(pages 13-20)
1. Climate Change: The Uncertainties, the Certainties, and What They Imply About Action. Thomas C. Schelling (pages 13-20)

Download 2. Global Climate Change: A Challenge to Policy. Kenneth J. Arrow
(pages 21-29)
2. Global Climate Change: A Challenge to Policy. Kenneth J. Arrow (pages 21-29)

Download 3. A New Agenda for Global Warming. Joseph E. Stiglitz
(pages 30-35)
3. A New Agenda for Global Warming. Joseph E. Stiglitz (pages 30-35)

Download 4. A Meaningful Second Commitment Period for the Kyoto Protocol. Sheila M. Olmstead and Robert N. Stavins
(pages 36-44)
4. A Meaningful Second Commitment Period for the Kyoto Protocol. Sheila M. Olmstead and Robert N. Stavins (pages 36-44)

Download Part II: The International Economy
(pages 45-46)
Part II: The International Economy (pages 45-46)

Download 5. Divergent Views on the Coming Dollar Crisis. J. Bradford DeLong
(pages 47-50)
5. Divergent Views on the Coming Dollar Crisis. J. Bradford DeLong (pages 47-50)

Download 6. U.S. Offshoring: Small Steps to Make It Win-Win. Diana Farrell
(pages 51-59)
6. U.S. Offshoring: Small Steps to Make It Win-Win. Diana Farrell (pages 51-59)

Download 7. Advance Market Commitments: How to Stimulate Investment in Vaccines for Neglected Diseases. Owen Barder, Michael Kremer, and Heidi Williams
(pages 60-69)
7. Advance Market Commitments: How to Stimulate Investment in Vaccines for Neglected Diseases. Owen Barder, Michael Kremer, and Heidi Williams (pages 60-69)

Download 8. Should We Still Support Untrammeled International Capital Mobility? Or Are Capital Controls Less Evil Than We Once Believed? J. Bradford DeLong
(pages 70-78)
8. Should We Still Support Untrammeled International Capital Mobility? Or Are Capital Controls Less Evil Than We Once Believed? J. Bradford DeLong (pages 70-78)

Download Part III: Economics of the Iraq War
(pages 79-80)
Part III: Economics of the Iraq War (pages 79-80)

Download 9. The Economic Cost of the Iraq War. Scott Wallsten
(pages 81-87)
9. The Economic Cost of the Iraq War. Scott Wallsten (pages 81-87)

Download 10. The High Cost of the Iraq War. Joseph E. Stiglitz
(pages 88-92)
10. The High Cost of the Iraq War. Joseph E. Stiglitz (pages 88-92)

Download Part IV: Fiscal Policy
(pages 93-94)
Part IV: Fiscal Policy (pages 93-94)

Download 11. Sense and Nonsense About Federal Deficits and Debt. Michael J. Boskin
(pages 95-106)
11. Sense and Nonsense About Federal Deficits and Debt. Michael J. Boskin (pages 95-106)

Download 12. Government Deficits and the Deindustrialization of America. Ronald I. McKinnon
(pages 107-114)
12. Government Deficits and the Deindustrialization of America. Ronald I. McKinnon (pages 107-114)

Download Part V: Social Security
(pages 115-116)
Part V: Social Security (pages 115-116)

Download 13. Confusions About Social Security. Paul Krugman
(pages 117-127)
13. Confusions About Social Security. Paul Krugman (pages 117-127)

Download 14. The Many Definitions of Social Security Privatization. Don Fullerton and Michael Geruso
(pages 128-134)
14. The Many Definitions of Social Security Privatization. Don Fullerton and Michael Geruso (pages 128-134)

Download 15. The Virtues of Personal Accounts for Social Security. Edward P. Lazear
(pages 135-143)
15. The Virtues of Personal Accounts for Social Security. Edward P. Lazear (pages 135-143)

Download 16. Could Social Security Go Broke? Barbara R. Bergmann
(pages 144-146)
16. Could Social Security Go Broke? Barbara R. Bergmann (pages 144-146)

Download Part VI: Tax Reform
(pages 147-148)
Part VI: Tax Reform (pages 147-148)

Download 17. A Broader Perspective on the Tax Reform Debate. Michael J. Boskin
(pages 149-160)
17. A Broader Perspective on the Tax Reform Debate. Michael J. Boskin (pages 149-160)

Download 18. Tax Reform: Time for a Plan C? Michael J. Graetz
(pages 161-168)
18. Tax Reform: Time for a Plan C? Michael J. Graetz (pages 161-168)

Download 19. Taxes on Investment Income Remain Too High and Lead to Multiple Distortions. Martin Feldstein
(pages 169-177)
19. Taxes on Investment Income Remain Too High and Lead to Multiple Distortions. Martin Feldstein (pages 169-177)

Download 20. Progressive Consumption Taxation as a Remedy for the U.S. Savings Shortfall. Robert H. Frank
(pages 178-190)
20. Progressive Consumption Taxation as a Remedy for the U.S. Savings Shortfall. Robert H. Frank (pages 178-190)

Download Part VII: Social Policy
(pages 191-192)
Part VII: Social Policy (pages 191-192)

Download 21. Was Welfare Reform Successful? Rebecca M. Blank
(pages 193-201)
21. Was Welfare Reform Successful? Rebecca M. Blank (pages 193-201)

Download 22. Cutting the Safety Net One Strand at a Time. Janet Currie
(pages 202-210)
22. Cutting the Safety Net One Strand at a Time. Janet Currie (pages 202-210)

Download 23. The Choose- Your-Charity Tax: A Way to Incentivize Greater Giving. Aaron S. Edlin
(pages 211-216)
23. The Choose- Your-Charity Tax: A Way to Incentivize Greater Giving. Aaron S. Edlin (pages 211-216)

Download 24. Should the Government Rebuild New Orleans or Just Give Residents Checks? Edward L. Glaeser
(pages 217-224)
24. Should the Government Rebuild New Orleans or Just Give Residents Checks? Edward L. Glaeser (pages 217-224)

Download 25. Does College Still Pay? Lisa Barrow and Cecilia Elena Rouse
(pages 225-233)
25. Does College Still Pay? Lisa Barrow and Cecilia Elena Rouse (pages 225-233)

Download 26. How to Deal with Terrorism. Bruno S. Frey
(pages 234-242)
26. How to Deal with Terrorism. Bruno S. Frey (pages 234-242)

Download Part VIII: The Death Penalty
(pages 243-244)
Part VIII: The Death Penalty (pages 243-244)

Download 27. The Economics of Capital Punishment. Richard A. Posner
(pages 245-248)
27. The Economics of Capital Punishment. Richard A. Posner (pages 245-248)

Download 28. On the Economics of Capital Punishment. Gary S. Becker
(pages 249-254)
28. On the Economics of Capital Punishment. Gary S. Becker (pages 249-254)

Download 29. The Death Penalty: No Evidence for Deterrence. John Donohue and Justin J. Wolfers
(pages 255-264)
29. The Death Penalty: No Evidence for Deterrence. John Donohue and Justin J. Wolfers (pages 255-264)

Download 30. Reply to Donohue and Wolfers on the Death Penaltyand Deterrence. Paul H. Rubin
(pages 265-268)
30. Reply to Donohue and Wolfers on the Death Penaltyand Deterrence. Paul H. Rubin (pages 265-268)

Download 31. Letter: A Reply to Rubin on the Death Penalty. John Donohue and Justin J. Wolfers
(pages 269-271)
31. Letter: A Reply to Rubin on the Death Penalty. John Donohue and Justin J. Wolfers (pages 269-271)

Download 32. Reply: The Death Penalty Once More. Paul H. Rubin
(pages 272-274)
32. Reply: The Death Penalty Once More. Paul H. Rubin (pages 272-274)

Download Part IX: Real Estate
(pages 275-276)
Part IX: Real Estate (pages 275-276)

Download 33. Long-Term Perspectives on the Current Boom inHome Prices. Robert J. Shiller
(pages 277-295)
33. Long-Term Perspectives on the Current Boom inHome Prices. Robert J. Shiller (pages 277-295)

Download 34. The Menace of an Unchecked Housing Bubble. Dean Baker
(pages 296-303)
34. The Menace of an Unchecked Housing Bubble. Dean Baker (pages 296-303)

Download 35. What to Do About Fannie and Freddie? Edward L. Glaeser and Dwight M. Jaffee
(pages 304-312)
35. What to Do About Fannie and Freddie? Edward L. Glaeser and Dwight M. Jaffee (pages 304-312)

Download Index
(pages 313-328)
Index (pages 313-328)

The Economists’ Voice: Top Economists Take On Today's Problems

In this valuable resource, more than thirty of the world's top economists offer innovative policy ideas and insightful commentary on our most pressing economic issues, such as global warming, the global economy, government spending, Social Security, tax reform, real estate, and political and social policy, including an extensive look at the economics of capital punishment, welfare reform, and the recent presidential elections.

Contributors are Nobel Prize winners, former presidential advisers, well-respected columnists, academics, and practitioners from across the political spectrum. Joseph E. Stiglitz takes a hard look at the high cost of the Iraq War; Nobel Laureates Kenneth Arrow, Thomas Schelling, and Stiglitz provide insight and advice on global warming; Paul Krugman demystifies Social Security; Bradford DeLong presents divergent views on the coming dollar crisis; Diana Farrell reconsiders the impact of U.S. offshoring; Michael J. Boskin distinguishes what is "sense" and what is "nonsense" in discussions of federal deficits and debt; and Ronald I. McKinnon points out the consequences of the deindustrialization of America.

Additional essays question whether welfare reform was successful and explore the economic consequences of global warming and the rebuilding of New Orleans. They describe how a simple switch in auto insurance policy could benefit the environment; unravel the dangers of an unchecked housing bubble; and investigate the mishandling of the lending institutions Freddie Mac and Fannie Mae. Balancing empirical data with economic theory, The Economists' Voice proves that the unique perspective of the economist is a vital one for understanding today's world.

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Table of Contents

The Economists’ Voice: Top Economists Take On Today's Problems