The Economists' Voice

Top Economists Take On Today's Problems , revised edition

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

Columbia University Press

The Economists' Voice

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Pub Date: December 2011

ISBN: 9780231143653

328 Pages

Format: Paperback

List Price: $18.95£16.00

Pub Date: January 2008

ISBN: 9780231143646

328 Pages

Format: Hardcover

List Price: $27.95£24.00

Pub Date: December 2011

ISBN: 9780231527866

328 Pages

Format: E-book

List Price: $17.99£15.00

The Economists' Voice

Top Economists Take On Today's Problems , revised edition

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

Columbia University Press

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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This book demonstrates in a very accessible manner the application of economics to a variety of key public-policy issues. The essays are written by outstanding economists who are highly esteemed in the profession, and the choice of subjects is relevant and timely.

Diane Coyle, author of The Soulful Science: What Economists Really Do and Why It Matters

What's really going on with social security and the price of real estate? How much does it really cost to go to war, and how much would it cost to reduce global warming? This book answers those questions and more, from the world's most respected economists.

Steven D. Levitt, Alvin Baum Professor of Economics, the University of Chicago, and author of the bestselling Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

A who's who of prominent economists assess today's big issues in this fascinating and readable book. Nobody who reads the op-ed page can afford to do without this.

William Easterly, professor of economics, New York University, and author of The White Man's Burden: Why the West's Efforts to Aid the Rest Have Done So Much Ill and So Little Good

A unique collection of exceptionally insightful yet altogether accessible essays on key public policy topics.

Lawrence H. Goulder, Shuzo Nishihara Professor of Resource and Environmental Economics, Stanford University

Provide[s] insight into issues of critical importance in twenty-first-century America. A valuable resource.


A genuinely useful contribution to knowledge and one that has life-changing implications for future generations.

Irish Times

A useful and often stimulating introduction to the thinking of professional economists on the salient policy issues of recent times.

Richard N. Cooper, Foreign Affairs

The book is full of excellent cut and thrust.

Robert Skidelsky, Times Literary Supplement
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About the Author

Joseph E. Stiglitz is a University Professor at Columbia University and former chief economist and senior vice president of the World Bank. Among his books are Escaping the Resource Curse and Globalization and Its Discontents, which has been translated into twenty-eight languages. In 2001, he was awarded the Nobel Prize in economics.Aaron S. Edlin is the Richard Jennings Professor at the University of California, Berkeley, and holds professorships in both economics and law. He is also a research associate at the National Bureau of Economic Research. Formerly, he was the senior economist covering regulation, antitrust, and industrial organization on the President's Council of Economic Advisors.

Bradford DeLong is a professor of economics at the University of California, Berkeley and a former deputy assistant secretary for economic policy in the United States Treasury. A popular economist blogger, he specializes in macroeconomic policy and economic history.