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The Economists’ Voice 2.0
The Financial Crisis, Health Care Reform, and More
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Edited by:
and
Language:
English
Published/Copyright:
2012
About this book
The Economists' Voice 2.0: The Financial Crisis, Health Care Reform, and More gathers together the strongest essays published in the Economist's Voice, a nonpartisan online journal, so informed readers and general audiences can gain a deeper understanding of the financial developments shaping their world.
These essays are written by leading academics, economists, presidential advisors, legal specialists, researchers, consultants, and policy makers. One set of essays tackles the plain economics and architecture of health care reform, its implications for society and the future of the health insurance industry, and the value of the health insurance subsidies and exchanges built into the law. Another set considers the effects of financial regulatory reform, the possibilities for ratings reform, and the issue of limiting bankers' pay. An objective examination of the financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and the positives and negatives of the Paulson/Bernanke bailout. A final section examines a unique array of topics: the stability of pension security bonds; the value of a carbon tax, especially in fostering economic and environmental sustainability; the counterintuitive perils of net neutrality; the unforeseen consequences of government debt; the meaning behind the Google book search settlement; and the unexploited possibilities for profit in NFL overtime games.
These essays are written by leading academics, economists, presidential advisors, legal specialists, researchers, consultants, and policy makers. One set of essays tackles the plain economics and architecture of health care reform, its implications for society and the future of the health insurance industry, and the value of the health insurance subsidies and exchanges built into the law. Another set considers the effects of financial regulatory reform, the possibilities for ratings reform, and the issue of limiting bankers' pay. An objective examination of the financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and the positives and negatives of the Paulson/Bernanke bailout. A final section examines a unique array of topics: the stability of pension security bonds; the value of a carbon tax, especially in fostering economic and environmental sustainability; the counterintuitive perils of net neutrality; the unforeseen consequences of government debt; the meaning behind the Google book search settlement; and the unexploited possibilities for profit in NFL overtime games.
The Economists' Voice: Top Economists Take On Today's Problems featured a core collection of accessible, timely essays on the challenges facing today's global markets and financial institutions. The Economists' Voice 2.0: The Financial Crisis, Health Care Reform, and More is the next installment in this popular series, gathering together the strongest essays published in The Economist's Voice, a nonpartisan online journal, so that students and general readers can gain a deeper understanding of the financial developments shaping their world.
This collection contains thirty-two essays written by academics, economists, presidential advisors, legal specialists, researchers, consultants, and policy makers. They tackle the plain economics and architecture of health care reform, its implications for society and the future of the health insurance industry, and the value of the health insurance subsidies and exchanges built into the law. They consider the effects of financial regulatory reform, the possibilities for ratings reform, and the issue of limiting bankers' pay. An objective examination of the financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and the positives and negatives of the Paulson/Bernanke bailout. Contributors weigh the merits of future rescues and suggest alternative strategies for addressing the next financial crisis. A final section examines a unique array of topics: the stability of pension security bonds; the value of a carbon tax, especially in fostering economic and environmental sustainability; the counterintuitive perils of net neutrality; the unforeseen consequences of government debt; the meaning of the Google book search settlement; and the unexploited possibilities for profit in NFL overtime games.
This collection contains thirty-two essays written by academics, economists, presidential advisors, legal specialists, researchers, consultants, and policy makers. They tackle the plain economics and architecture of health care reform, its implications for society and the future of the health insurance industry, and the value of the health insurance subsidies and exchanges built into the law. They consider the effects of financial regulatory reform, the possibilities for ratings reform, and the issue of limiting bankers' pay. An objective examination of the financial crisis and bank bailouts results in two indispensable essays on investment banking regulation after Bear Stearns and the positives and negatives of the Paulson/Bernanke bailout. Contributors weigh the merits of future rescues and suggest alternative strategies for addressing the next financial crisis. A final section examines a unique array of topics: the stability of pension security bonds; the value of a carbon tax, especially in fostering economic and environmental sustainability; the counterintuitive perils of net neutrality; the unforeseen consequences of government debt; the meaning of the Google book search settlement; and the unexploited possibilities for profit in NFL overtime games.
Author / Editor information
Aaron S. Edlin is the Richard W. 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 President Clinton's Council of Economic Advisors.
Joseph E. Stiglitz is University Professor at Columbia University and a member and former chair of Columbia University's Committee on Global Thought. He was the winner of the 2001 Nobel Prize for Economics. He had previously served on President Clinton's Council of Economic Advisors before joining the World Bank as chief economist and senior vice president. His most recent book is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress. With Aaron S. Edlin and J. Bradford DeLong, he is the coeditor of The Economists' Voice: Top Economists Take On Today's Problems.
Joseph E. Stiglitz is University Professor at Columbia University and a member and former chair of Columbia University's Committee on Global Thought. He was the winner of the 2001 Nobel Prize for Economics. He had previously served on President Clinton's Council of Economic Advisors before joining the World Bank as chief economist and senior vice president. His most recent book is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress. With Aaron S. Edlin and J. Bradford DeLong, he is the coeditor of The Economists' Voice: Top Economists Take On Today's Problems.
Reviews
should be considered mandatory reading for economics studies, professionals, corporate and governmental policy makers, and non-specialist general readers...
An appealing and relevant book for all readers; don't judge it by its cover!
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Frontmatter
i -
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Contents
v - Part I: Health Care Reform
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1. The Health Care Reform Legislation: An Overview
3 -
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2. The Simple Economics of Health Reform
13 -
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3. The Economics, Opportunities, and Challenges of Health Insurance Exchanges
21 -
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4. Can the ACA Improve Population Health?
30 -
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5. Systemic Reform of Health Care Delivery and Payment
39 -
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6. How Stable Are Insurance Subsidies in Health Reform?
46 - Part II: Financial Market Regulatory Reform
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7. Financial Regulatory Reform: The Politics of Denial
57 -
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8. Government Guarantees: Why the Genie Needs to Be Put Back in the Bottle
65 -
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9. How Little We Know: The Challenges of Financial Reform
73 -
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10. Finding the Sweet Spot for Effective Regulation
81 -
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11. A Recipe for Ratings Reform
89 -
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12. Should Banker Pay Be Regulated?
95 -
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13. Fixing Bankers’ Pay
103 -
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14. It Works for Mergers, Why Not for Finance?
115 - Part III: Financial Crisis and Bailouts
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15. Hedge Fund Wizards
125 -
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16. Investment Banking Regulation After Bear Stearns
130 -
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17. Why Paulson Is Wrong
138 -
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18. Dr. StrangeLoan: Or, How I Learned to Stop Worrying and Love the Financial Collapse
142 -
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19. Questioning the Treasury’s $700 Billion Blank Check: An Open Letter to Secretary Paulson
147 -
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20. Auction Design Critical for Rescue Plan
154 -
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21. A Better Plan for Addressing the Financial Crisis
159 -
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22. Please Think This Over
172 -
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23. Is Macroeconomics Off Track?
181 -
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24. If It Were a Fight, They Would Have Stopped It in December of 2008
188 -
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25. Comment on Barbera: Your Gift Will Make You Rich
195 - Part IV: Innovations in Policy and Business
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26. Pension Security Bonds: A New Plan to Address the State Pension Crisis
201 -
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27. Carbon Taxes to Move Toward Fiscal Sustainability
208 -
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28. Net Neutrality Is Bad Broadband Regulation
215 -
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29. Trills Instead of T-Bills: It’s Time to Replace Part of Government Debt with Shares in GDP
224 -
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30. The Google Book Settlement: Real Magic or a Trick?
232 -
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31. The Stakes in the Google Book Search Settlement
241 -
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32. The NFL Should Auction Possession in Overtime Games
251 -
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Index
259
Publishing information
Pages and Images/Illustrations in book
eBook published on:
June 5, 2012
eBook ISBN:
9780231504324
Pages and Images/Illustrations in book
Main content:
280
eBook ISBN:
9780231504324
Audience(s) for this book
Professional and scholarly;