Chapters in this book

1. Frontmatter i
2. Contents v
3. Part I: Global Warming
4. 1. Climate Change: The Uncertainties, the Certainties, and What They Imply About Action 5
5. 2. Global Climate Change: A Challenge to Policy 13
6. 3. A New Agenda for Global Warming 22
7. 4. A Meaningful Second Commitment Period for the Kyoto Protocol 28
8. Part II: The International Economy
9. 5. Divergent Views on the Coming Dollar Crisis 39
10. 6. U.S. Offshoring: Small Steps to Make It Win- Win 43
11. 7. Advance Market Commitments: How to Stimulate Investment in Vaccines for Neglected Diseases 52
12. 8. Should We Still Support Untrammeled International Capital Mobility? Or Are Capital Controls Less Evil Than We Once Believed? 62
13. Part III: Economics of the Iraq War
14. 9. The Economic Cost of the Iraq War 73
15. 10. The High Cost of the Iraq War 80
16. Part IV: Fiscal Policy
17. 11. Sense and Nonsense About Federal Deficits and Debt 87
18. 12. Government Deficits and the Deindustrialization of America 99
19. 13. Confusions About Social Security 109
20. 14. The Many Definitions of Social Security Privatization 120
21. 15. The Virtues of Personal Accounts for Social Security 127
22. 16. Could Social Security Go Broke? 136
23. Part VI: Tax Reform
24. 17. A Broader Perspective on the Tax Reform Debate 141
25. 18. Tax Reform: Time for a Plan C? 153
26. 19. Taxes on Investment Income Remain Too High and Lead to Multiple Distortions 161
27. 20. Progressive Consumption Taxation as a Remedy for the U.S. Savings Shortfall 170
28. Part VII: Social Policy
29. 21. Was Welfare Reform Successful? 185
30. 22. Cutting the Safety Net One Strand at a Time 194
31. 23. The Choose- Your- Charity Tax: A Way to Incentivize Greater Giving 203
32. 24. Should the Government Rebuild New Orleans or Just Give Residents Checks? 209
33. 25. Does College Still Pay? 217
34. 26. How to Deal with Terrorism 226
35. Part VIII: The Death Penalty
36. 27. The Economics of Capital Punishment 237
37. 28. On the Economics of Capital Punishment 241
38. 29. The Death Penalty: No Evidence for Deterrence 247
39. 30. Reply to Donohue and Wolfers on the Death Penalty and Deterrence 257
40. 31. Letter: A Reply to Rubin on the Death Penalty 261
41. 32. Reply: The Death Penalty Once More 264
42. Part IX: Real Estate
43. 33. Long- Term Perspectives on the Current Boom in Home Prices 269
44. 34. The Menace of an Unchecked Housing Bubble 288
45. 35. What to Do About Fannie and Freddie? 296
46. Index 305