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TOPWONKS
Your guide to the countrY’s best thinkers
edited by ERICA PAYNE
VOL. 01
The
foreword
For many citizens, our country’s defining aspiration— that all people deserve the freedom to realize their full, individual potential – is increasingly unattainable. Our economy—once a powerful vehicle for the realization of our individual and common goals— no longer offers a sure ride to prosperity. Many of our strongest businesses rely on lobbyists and subsidies for profits. Rather than meeting their constitutional obligation to represent the interests of their fellow citizens, politicians act as stewards of their own political capital. The inherent challenge of creating effective public policy is exacerbated by false scholarship, flawed theory, and ideological fervor.
This volume is our attempt to wipe the slate clean.
In this volume we offer profiles of the top economic thinkers in the country, minds committed to intellectual innovation and analytical rigor. We feature classically trained economists, public policy professionals and scholars from a rich variety of fields. Our website at www.topwonks.org explores their scholarship in greater depth.
TOP WONKS:The economy is a guide to a world of ideas that can drive our economy and our country forward. With it, we hope to put powerful ideas and vigorous thinking in the driver’s seat of our economy.
I suggest you buckle up for the ride.
acknowledgements
With thanks to all of the Top Wonks for their participation in this project.
And with the deepest gratitude to Dan Berger, Charlie Fink, Paul Egerman, Leo Hindery Jr., Dennis Mehiel, Morris and Barbara Pearl, and the Mai Family whose generous support made this guide possible.
table of contents
Foreword... 05 Acknowledgements... 06 Index by Categories... 08-31 Expert Profiles... 34-203 About Agenda Project... 204 About the Editors... 205 Expert Alphabetical Index... 206
Banking and Finance Sarah Anderson... 34 Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Tamara Draut... 80 Arindrajit Dube... 82 Tom Ferguson... 86 Richard Freeman... 92 James Galbraith... 94 Dan Goroff... 98 Michael Greenberger... 100 Jacob Hacker... 102 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Lynn Turner... 196 Nicole Woo ... 200 Randall Wray... 202 anTi-TrusT regulaTions Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Gerard Caprio... 66 Jim Chanos... 68 Diane Coyle... 70 James Crotty... 72 Randall Dodd... 78 Tom Ferguson... 86 Steve Fraser... 90 James Galbraith... 94 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Bob Pollin... 154 Robert Prasch... 156
index bY categories
YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Walker Todd... 194 Bank Bonuses Sarah Anderson... 34 Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Gerard Caprio... 66 James Crotty... 72 Randall Dodd... 78 Arindrajit Dube... 82 Steve Fraser... 90 James Galbraith... 94 Michael Greenberger... 100 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Randall Wray... 202
Bank Bail ouT Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Tom Ferguson... 86 Steve Fraser... 90 James Galbraith... 94 Michael Greenberger... 100 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142
Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 Eric Rauchway... 160 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Randall Wray... 202
Too Big To Fail Sarah Anderson... 34 Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Tamara Draut... 80 Tom Ferguson... 86 Steve Fraser... 90 James Galbraith... 94 Michael Greenberger... 100 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Randall Wray... 202 Fannie/Freddie Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Gerard Caprio... 66 James Crotty... 72 Randall Dodd... 78 Steve Fraser... 90 James Galbraith... 94 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Stephanie Kelton... 122 David Kennedy... 124 Jan Kregel... 130
Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Walker Todd... 194 Randall Wray... 202 Financial markeTs Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Steve Fraser... 90 James Galbraith... 94 Dan Goroff... 98 Michael Greenberger... 100 Jacob Hacker... 102 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Lynn Turner... 196 Randall Wray... 202
housing markeT collapse Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Gerard Caprio... 66 James Crotty... 72 Randall Dodd... 78 Steve Fraser... 90 James Galbraith... 94 Michael Greenberger... 100 Jacob Hacker... 102 Robert Johnson... 112 Simon Johnson... 114
Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Nicole Woo ... 200 Randall Wray... 202 raTings agencies Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Steve Fraser... 90 Michael Greenberger... 100 Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Walker Todd... 194 Lynn Turner... 196 Randall Wray... 202 securiTizaTion Dean Baker... 44 William Black... 48 Alan Blinder... 50 Brooksley Born... 52 Bob Borosage... 54 James Bothwell... 56 Gerard Caprio... 66 Jim Chanos... 68 James Crotty... 72 Randall Dodd... 78 Steve Fraser... 90
Robert Johnson... 112 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Randall Wray... 202
BudgeT & Tax policy Sarah Anderson... 34 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Timothy Canova... 64 Tamara Draut... 80 Tom Ferguson... 86 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Ethan Kaplan... 118 Sony Kapoor... 120 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Thomas Palley... 150 Bob Pollin... 154 Robert Prasch... 156 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Sherle Schwenninger... 176 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Stan Sporkin... 188 Lynn Stout... 192 Nicole Woo ... 200 discreTionary spending Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Tamara Draut... 80 Tom Ferguson... 86 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114
Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Sherle Schwenninger... 176 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 eFFicienT governmenT Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Tamara Draut... 80 Dan Goroff... 98 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Federal BudgeT Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Timothy Canova... 64 Tamara Draut... 80 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Thomas Palley... 150 Bob Pollin... 154 Robert Prasch... 156 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Nicole Woo ... 200 governmenT invesTmenT Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Timothy Canova... 64 Tamara Draut... 80 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114
Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Thomas Palley... 150 Bob Pollin... 154 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Sherle Schwenninger... 176 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 municipal/sTaTe BudgeTs Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Timothy Canova... 64 Tom Ferguson... 86 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 naTional deBT Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Timothy Canova... 64 Tamara Draut... 80 Tom Ferguson... 86 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Ethan Kaplan... 118 Sony Kapoor... 120 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 Nomi Prins... 158 YV Reddy... 164 Sanjay Reddy... 162 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Sherle Schwenninger... 176 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Nicole Woo ... 200
oFF shore Tax shelTers Sarah Anderson... 34 Greg Anrig... 38 Dean Baker... 44 Bob Borosage... 54 Bob Herbert... 106 Robert Johnson... 112
Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 Nomi Prins... 158 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 payroll Taxes Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Tamara Draut... 80 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Thomas Palley... 150 Bob Pollin... 154 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Nicole Woo ... 200 privaTizaTion Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Timothy Canova... 64 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Naomi Klein... 126 Michael Konczal... 128 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 Nomi Prins... 158 Eric Rauchway... 160 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 social insurance Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Tamara Draut... 80 Jacob Hacker... 102 Bob Herbert... 106
Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 Eric Rauchway... 160 YV Reddy... 164 Sanjay Reddy... 162 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Sherle Schwenninger... 176 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 unFunded mandaTes Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Herbert... 106 Robert Johnson... 112 Simon Johnson... 114 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob McIntyre... 144 Bob Pollin... 154 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Mark Schmitt ... 172 Robert Shiller... 182 Damon Silvers... 184 Anne Simpson... 186 Business Marcellus Andrews... 36 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Diane Coyle... 70 Steve Fraser... 90 Teresa Ghilarducci... 96 Dan Goroff... 98 Michael Greenberger... 100 Jacob Hacker... 102 Bob Herbert... 106 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Naomi Klein... 126 Jan Kregel... 130 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Stan Sporkin... 188 Lynn Stout... 192 Lynn Turner... 196
corporaTe incenTives Marcellus Andrews... 36 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 James Bothwell... 56 Diane Coyle... 70 Steve Fraser... 90 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Simon Johnson... 114 Cassandra Jones-Havard... 116 Jan Kregel... 130 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 Lynn Turner... 196 enTrepreneurialism Marcellus Andrews... 36 Dean Baker... 44 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Diane Coyle... 70 Steve Fraser... 90 Dan Goroff... 98 Michael Greenberger... 100 Jacob Hacker... 102 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 mulTi-naTional corporaTions Marcellus Andrews... 36 Dean Baker... 44 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Diane Coyle... 70 Steve Fraser... 90 Jacob Hacker... 102 Bob Herbert... 106 Simon Johnson... 114 Cassandra Jones-Havard... 116 Naomi Klein... 126 Jan Kregel... 130 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Thomas Palley... 150 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162
John Schmitt ... 170 Sherle Schwenninger... 176 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Stan Sporkin... 188 Lynn Stout... 192 small Business Marcellus Andrews... 36 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Diane Coyle... 70 Steve Fraser... 90 Michael Greenberger... 100 Jacob Hacker... 102 Bob Herbert... 106 Simon Johnson... 114 Cassandra Jones-Havard... 116 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 WealTh creaTion Marcellus Andrews... 36 Dean Baker... 44 Bob Borosage... 54 James Bothwell... 56 Steve Fraser... 90 Bob Herbert... 106 Jacob Hacker... 102 Bob Herbert... 106 Simon Johnson... 114 Cassandra Jones-Havard... 116 Sony Kapoor... 120 Robert Kuttner... 132 Barry Lynn... 138 Heather McGhee... 142 Lawrence Mishel... 148 Frank Partnoy... 152 Bob Pollin... 154 Nomi Prins... 158 Sanjay Reddy... 162 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Nina Shapiro... 178 Damon Silvers... 184 Anne Simpson... 186 Lynn Stout... 192 economic Theory Algernon Austin... 42 Dean Baker... 44 William Black... 48 Alan Blinder... 50 Bob Borosage... 54 James Bothwell... 56 Timothy Canova... 64 Jim Chanos... 68 Diane Coyle... 70 James Crotty... 72 William Darity... 74 Kemal Dervis... 76 Tamara Draut... 80 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94
Heidi Hartmann... 104 Arjun Jayadev ... 110 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Henry C.K. Liu... 136 Thomas Palley... 150 Frank Partnoy... 152 Robert Prasch... 156 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 Juliet Schor... 174 Sherle Schwenninger... 176 Nina Shapiro... 178 Lynn Stout... 192 Lynn Turner... 196 Nicole Woo ... 200 ausTeriTy Dean Baker... 44 William Black... 48 Bob Borosage... 54 James Bothwell... 56 Heather Boushey... 58 Timothy Canova... 64 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Arjun Jayadev ... 110 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Prasch... 156 Eric Rauchway... 160 Sanjay Reddy... 162 Juliet Schor... 174 Sherle Schwenninger... 176 Nina Shapiro... 178 Nicole Woo ... 200 capiTalism Dean Baker... 44 William Black... 48 Bob Borosage... 54 James Bothwell... 56 Heather Boushey... 58 Timothy Canova... 64 Jim Chanos... 68 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Jacob Hacker... 102 Arjun Jayadev ... 110 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Henry C.K. Liu... 136 Thomas Palley... 150 Frank Partnoy... 152 Robert Prasch... 156 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 Juliet Schor... 174 Sherle Schwenninger... 176 Nina Shapiro... 178 Lynn Stout... 192 Lynn Turner... 196
economic ForecasTing Dean Baker... 44 Alan Blinder... 50 Diane Coyle... 70 James Crotty... 72 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Thomas Palley... 150 Robert Prasch... 156 Juliet Schor... 174 Nina Shapiro... 178 economy/gender Dean Baker... 44 Bob Borosage... 54 Diane Coyle... 70 James Crotty... 72 Tamara Draut... 80 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Heidi Hartmann... 104 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Frank Partnoy... 152 Robert Prasch... 156 Juliet Schor... 174 Nina Shapiro... 178 economy/race Algernon Austin... 42 Dean Baker... 44 Bob Borosage... 54 Diane Coyle... 70 James Crotty... 72 William Darity... 74 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Frank Partnoy... 152 Robert Prasch... 156 Sanjay Reddy... 162 Juliet Schor... 174 Nina Shapiro... 178 Nicole Woo ... 200 keynes v. Friedman Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Timothy Canova... 64 Diane Coyle... 70 James Crotty... 72 William Darity... 74 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Henry C.K. Liu... 136 Thomas Palley... 150 Robert Prasch... 156 Eric Rauchway... 160 Juliet Schor... 174 Sherle Schwenninger... 176 Nina Shapiro... 178
service economy Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Diane Coyle... 70 James Crotty... 72 Tamara Draut... 80 Steve Fraser... 90 Richard Freeman... 92 James Galbraith... 94 Robert Johnson... 112 David Kennedy... 124 Naomi Klein... 126 Robert Prasch... 156 Juliet Schor... 174 Nina Shapiro... 178 Lynn Stout... 192
The Federal reserve
Dean Baker... 44 Alan Blinder... 50 James Bothwell... 56 Timothy Canova... 64 Tom Ferguson... 86 Michael Greenberger... 100 Cassandra Jones-Havard... 116 Stephanie Kelton... 122 Michael Konczal... 128 Jan Kregel... 130 Henry C.K. Liu... 136 Perry Mehrling... 146 Thomas Palley... 150 Nomi Prins... 158 Eric Rauchway... 160 Nouriel Roubini... 166 Robert Shiller... 182 Lynn Stout... 192 Walker Todd... 194 Randall Wray... 202 gloBalizaTion Sarah Anderson... 34 Dean Baker... 44 William Black... 48 Bob Borosage... 54 Samuel Bowles... 60 James Boyce... 62 Timothy Canova... 64 Gerard Caprio... 66 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Dan Goroff... 98 Jacob Hacker... 102 Leo Hindery, Jr... 108 Arjun Jayadev ... 110 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Henry C.K. Liu... 136 Barry Lynn... 138 Thomas Palley... 150 Frank Partnoy... 152 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 developing economies Sarah Anderson... 34 Dean Baker... 44
Timothy Canova... 64 Gerard Caprio... 66 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Jacob Hacker... 102 Arjun Jayadev ... 110 Sony Kapoor... 120 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Henry C.K. Liu... 136 Barry Lynn... 138 Thomas Palley... 150 Frank Partnoy... 152 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 inTernaTional compeTiTion Sarah Anderson... 34 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 James Boyce... 62 Timothy Canova... 64 Gerard Caprio... 66 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Dan Goroff... 98 Jacob Hacker... 102 Arjun Jayadev ... 110 Sony Kapoor... 120 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Henry C.K. Liu... 136 Barry Lynn... 138 Thomas Palley... 150 Frank Partnoy... 152 Nomi Prins... 158 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 Trade Sarah Anderson... 34 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 James Boyce... 62 Timothy Canova... 64 Gerard Caprio... 66 Diane Coyle... 70 James Crotty... 72 Kemal Dervis... 76 Jacob Hacker... 102 Leo Hindery, Jr... 108 Stephanie Kelton... 122 David Kennedy... 124 Naomi Klein... 126 Jan Kregel... 130 Henry C.K. Liu... 136 Barry Lynn... 138 Thomas Palley... 150 Eric Rauchway... 160 Sanjay Reddy... 162 YV Reddy... 164
Jeffrey Sachs... 168 John Schmitt ... 170 Sherle Schwenninger... 176 Anne Simpson... 186 Joseph Stiglitz... 190 Lynn Stout... 192 Walker Todd... 194 laBor Force Marcellus Andrews... 36 Eileen Appelbaum... 40 Algernon Austin... 42 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Timothy Canova... 64 Tamara Draut... 80 Arindrajit Dube... 82 Tom Ferguson... 86 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Jacob Hacker... 102 Heidi Hartmann... 104 Bob Herbert... 106 Leo Hindery, Jr... 108 Simon Johnson... 114 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Thomas Palley... 150 Bob Pollin... 154 Eric Rauchway... 160 Sanjay Reddy... 162 John Schmitt ... 170 Juliet Schor... 174 Sherle Schwenninger... 176 Heidi Shierholz... 180 Robert Shiller... 182 Joseph Stiglitz... 190 Edward Wolff... 198 Nicole Woo ... 200 Family/medical leave Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Tamara Draut... 80 Arindrajit Dube... 82 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Heidi Hartmann... 104 Bob Herbert... 106 Simon Johnson... 114 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Bob Pollin... 154 John Schmitt ... 170 Juliet Schor... 174 Robert Shiller... 182
JoBs Marcellus Andrews... 36 Eileen Appelbaum... 40 Algernon Austin... 42 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Timothy Canova... 64 Tamara Draut... 80 Tom Ferguson... 86 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Jacob Hacker... 102 Heidi Hartmann... 104 Bob Herbert... 106 Leo Hindery, Jr... 108 Simon Johnson... 114 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Thomas Palley... 150 Bob Pollin... 154 Eric Rauchway... 160 John Schmitt ... 170 Juliet Schor... 174 Sherle Schwenninger... 176 Heidi Shierholz... 180 Robert Shiller... 182 living Wage Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 Timothy Canova... 64 Arindrajit Dube... 82 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Heidi Hartmann... 104 Bob Herbert... 106 Simon Johnson... 114 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Bob Pollin... 154 Eric Rauchway... 160 Sanjay Reddy... 162 John Schmitt ... 170 Juliet Schor... 174 Heidi Shierholz... 180 Robert Shiller... 182 Joseph Stiglitz... 190 Nicole Woo ... 200 osha Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Samuel Bowles... 60
Richard Freeman... 92 Teresa Ghilarducci... 96 Heidi Hartmann... 104 Bob Herbert... 106 Simon Johnson... 114 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Bob Pollin... 154 John Schmitt ... 170 Juliet Schor... 174 Robert Shiller... 182 Joseph Stiglitz... 190 reTiremenT Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 Tamara Draut... 80 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Jacob Hacker... 102 Heidi Hartmann... 104 Bob Herbert... 106 Simon Johnson... 114 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Bob Pollin... 154 Eric Rauchway... 160 John Schmitt ... 170 Juliet Schor... 174 Robert Shiller... 182 Joseph Stiglitz... 190 Edward Wolff... 198 unemploymenT insurance Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Jacob Hacker... 102 Heidi Hartmann... 104 Bob Herbert... 106 Simon Johnson... 114 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Michael Konczal... 128 Jan Kregel... 130 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Bob Pollin... 154 Eric Rauchway... 160 John Schmitt ... 170 Juliet Schor... 174 Heidi Shierholz... 180 Robert Shiller... 182
organized laBor Marcellus Andrews... 36 Eileen Appelbaum... 40 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 Timothy Canova... 64 Tamara Draut... 80 Arindrajit Dube... 82 Tom Ferguson... 86 Nancy Folbre... 88 Steve Fraser... 90 Richard Freeman... 92 Teresa Ghilarducci... 96 Jacob Hacker... 102 Heidi Hartmann... 104 Bob Herbert... 106 Leo Hindery, Jr... 108 Simon Johnson... 114 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Naomi Klein... 126 Robert Kuttner... 132 Lance Lindblom... 134 Barry Lynn... 138 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Thomas Palley... 150 Bob Pollin... 154 Eric Rauchway... 160 John Schmitt ... 170 Juliet Schor... 174 Robert Shiller... 182 Joseph Stiglitz... 190 Nicole Woo ... 200 moneTary policy Dean Baker... 44 Alan Blinder... 50 Cassandra Jones-Havard... 116 Naomi Klein... 126 Michael Konczal... 128 Jan Kregel... 130 Henry C.K. Liu... 136 Barry Lynn... 138 Thomas Palley... 150 Robert Prasch... 156 Nomi Prins... 158 Eric Rauchway... 160 YV Reddy... 164 Nouriel Roubini... 166 Jeffrey Sachs... 168 Sherle Schwenninger... 176 Lynn Stout... 192 Walker Todd... 194 social invesTmenT Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Timothy Canova... 64 William Darity... 74 Tamara Draut... 80 Arindrajit Dube... 82 Tom Ferguson... 86 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Dan Goroff... 98 Jacob Hacker... 102 Bob Herbert... 106 Leo Hindery, Jr... 108 Arjun Jayadev ... 110 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122
Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Thomas Palley... 150 Eric Rauchway... 160 Sanjay Reddy... 162 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Sherle Schwenninger... 176 Heidi Shierholz... 180 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192 Edward Wolff... 198 Nicole Woo ... 200 anTipoverTy programs Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 William Darity... 74 Arindrajit Dube... 82 Richard Freeman... 92 James Galbraith... 94 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Lawrence Mishel... 148 Sanjay Reddy... 162 John Schmitt ... 170 Robert Shiller... 182 Joseph Stiglitz... 190 Perry Mehrling... 146 economic moBiliTy Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Timothy Canova... 64 William Darity... 74 Tamara Draut... 80 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Arjun Jayadev ... 110 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Eric Rauchway... 160 Sanjay Reddy... 162 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Heidi Shierholz... 180 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192
healThcare Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Samuel Bowles... 60 William Darity... 74 Arindrajit Dube... 82 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Sanjay Reddy... 162 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Robert Shiller... 182 Joseph Stiglitz... 190 medicare/medicaid Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Samuel Bowles... 60 William Darity... 74 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Robert Shiller... 182 Joseph Stiglitz... 190 middle class Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Alan Blinder... 50 Bob Borosage... 54 Heather Boushey... 58 Samuel Bowles... 60 Timothy Canova... 64 William Darity... 74 Tamara Draut... 80 Arindrajit Dube... 82 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Leo Hindery, Jr... 108 Arjun Jayadev ... 110 Robert Johnson... 112 Ethan Kaplan... 118 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148
Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Sherle Schwenninger... 176 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192 Edward Wolff... 198 social securiTy Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Alan Blinder... 50 Bob Borosage... 54 Samuel Bowles... 60 William Darity... 74 Tom Ferguson... 86 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Thomas Palley... 150 Eric Rauchway... 160 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Sherle Schwenninger... 176 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192 us inFrasTrucTure Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Linda Bilmes... 46 Bob Borosage... 54 Samuel Bowles... 60 Timothy Canova... 64 William Darity... 74 Tamara Draut... 80 Tom Ferguson... 86 Richard Freeman... 92 James Galbraith... 94 Bob Herbert... 106 Leo Hindery, Jr... 108 Robert Johnson... 112 Stephanie Kelton... 122 Naomi Klein... 126 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Eric Rauchway... 160 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Sherle Schwenninger... 176 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192
WelFare Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 William Darity... 74 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Jacob Hacker... 102 Bob Herbert... 106 Arjun Jayadev ... 110 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Sanjay Reddy... 162 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Robert Shiller... 182 Joseph Stiglitz... 190 Lynn Stout... 192 WorkForce developmenT Marcellus Andrews... 36 Greg Anrig... 38 Dean Baker... 44 Bob Borosage... 54 Samuel Bowles... 60 Timothy Canova... 64 William Darity... 74 Richard Freeman... 92 James Galbraith... 94 Teresa Ghilarducci... 96 Dan Goroff... 98 Bob Herbert... 106 Robert Johnson... 112 Stephanie Kelton... 122 Robert Kuttner... 132 Lance Lindblom... 134 Henry C.K. Liu... 136 Jeffrey Madrick... 140 Heather McGhee... 142 Perry Mehrling... 146 Lawrence Mishel... 148 Nouriel Roubini... 166 Mark Schmitt ... 172 John Schmitt ... 170 Heidi Shierholz... 180 Robert Shiller... 182 Joseph Stiglitz... 190
TOPWONKS
Bio
Sarah Anderson’s current work includes research, writing, and networking on issues related to the impact of international trade, finance, and investment policies on inequality, sustainability, and human rights. Sarah is also a well-known expert on executive compensation, as the lead author of 16 annual “Executive Excess” reports that have received extensive media coverage.
In 2009, she served on an advisory committee to the Obama
administration on bilateral investment treaties. In 2000, she served on the staff of the bipartisan International Financial Institutions Advisory Commission (“Meltzer Commission”), commissioned by the U.S. Congress to evaluate the World Bank and IMF. Sarah is also a
sarah
anderson
Director
Global Economy Project Institute for Policy Studies
institute for policy studies
1112 16th Street NW Suite 600
Washington, DC 20036
[email protected] (202) 234-9382
Alternatives to Economic Globalization (Berrett-Koehler, 2nd edition, 2004).
Prior to coming to IPS in 1992, Sarah was a consultant to the U.S. Agency for International Development (1989-1992) and an editor for the Deutsche Presse-Agentur (1988). She holds a Masters in International Affairs from The American University and a BA in Journalism from Northwestern University.
issues
Banking & Finance: Bank Bonuses, Too Big To Fail Budget & Tax policy: Off Shore Tax Shelters
globalization: Developing Economies, International Competition,
Trade
addiTional issues
Executive Compensation, Financial Transactions, General Tax Policy, Taxes, Inequality
experience
• Advisory Committee, Bilaterial Investment Treaties, Obama
Administration, 2009
• Staff, Bipartisan International Financial Institutions Advisory
Commission, commissioned by the US Congress to evaluate the World Bank and IMF, 2000
• Consultant, US Agency for International Development, 1989-1992
educaTion
B.A., Journalism, Northwestern University
Bio
Marcellus Andrews teaches economics at Barnard College of Columbia University in New York. Andrews earned a B.S. & B.A. from the Wharton School of University of Pennsylvania as well as an MA, MPhil and PhD in economics from Yale University. Andrews comments on public affairs and economics in the pages of The Nation and on National Public Radio’s business affairs journal Marketplace. His current book projects include Economic Policy and the Road
to Social Justice (completed manuscript), Re-imagining American Freedom (in progress) and Striver’s Manifesto: On the Economics and Ethics of Black Achievement (in progress).
marcellus
andrews
Professor of Economics Columbia University Barnard college Economics Department 005 Lehman Hall 3009 Broadway New York, NY 10027 [email protected] (212) 854-3790issues
Business: Corporate Incentives, Entrepreneurialism, Multi-National
Corporations, Small Business, Wealth Creation
labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA,
Retirement, Unemployment Insurance, Unions
social investment: Anti-Poverty Programs, Economic Mobility,
Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development
educaTion
Ph.D., Economics, Yale University M.Phil., Economics, Yale University M.A., Economics, Yale University
Bio
Greg Anrig is Vice President for Policy at The Century Foundation where he has been responsible for overseeing The Century Foundation’s projects on public policy as well as its fellows since 1994. He is author of The Conservatives Have No Clothes: Why
Right-Wing Ideas Keep Failing (John Wiley & Sons, September
2007). He is co-editor of four collections of essays: Liberty Under
Attack: Reclaiming Our Freedoms in An Age of Terror (PublicAffairs,
2007); Immigration’s New Frontiers: Experiences from the Emerging
Gateway States (The Century Foundation Press, 2006); The War on Our Freedoms: Civil Liberties in an Age of Terrorism (PublicAffairs,
2003), and Social Security Reform: Beyond the Basics, (The Century Foundation Press, 1999). Anrig is a regular contributor to
greg
anrig
Vice President
Policy and Programs The Century Foundation
The century Foundation
41 East 70th Street New York, NY 10021
[email protected] (212) 452-7724
TPMCafe and Guardian Unlimited. Previously, he was a staff writer and Washington correspondent for Money magazine.
issues
Budget & Tax policy: Discretionary Spending, Efficient Government,
Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates
social investment: Anti-poverty Programs, Economic Mobility,
Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development
experience
• Staff Writer and Washington Correspondent, Money Magazine
educaTion
M.P.A., Kennedy School of Government, Harvard University B.S., Journalism, Northwestern University
Bio
Eileen Appelbaum has 20 years of experience carrying out
empirical research on workplace practices and labor-management cooperation. Her research focuses on work processes and work-life practices of organizations and their implications for organizational effectiveness and for the quality of jobs. She has published widely on workforce, employment, labor market issues and on the labor market experiences of women. Recent reports examine employers’ experiences with turnover and leave in California and in New Jersey. Her current research focuses on low-wage work in the US and Europe, work processes and quality of care in child care, elder care and health care, and policies and practices that facilitate the work and family lives of workers.
eileen
appelbaum
Senior Economist
Center for Economic and Policy Research
center for economic and policy research 1611 Connecticut Ave NW Suite 400 Washington, DC 20009 [email protected] (202) 293-5380
issues
labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA,
Retirement, Unemployment Insurance, Unions
addiTional issues
Employment, Labor, Labor-Management Cooperation, Women Workers, Workforce, Work-Life Balance, Workplace Practices
experience
• Professor & Director, Center for Women and Work,
Rutgers University
• Professor, People Management and Organizations Department,
University of Machester Business School
• Research Director, Economic Policy Institute • Professor of Economics, Temple University
• Guest Fellow, University of Auckland in New Zealand
• Guest Fellow, Wissenschaftszentrum Berlin (WZB) in Germany • Fellow, Institute for Research on Work and Occupations in Nuremberg • President-elect, Labor and Employment Research Association • Executive Board, Labor and Employment Research Association • Editorial Committee, Labor and Employment Research Association • IT Workforce, National Academy of Sciences’ Commission
• New Jersey’s Corporate Business Tax Reform Study Commission
educaTion
Bio
Algernon Austin is a sociologist of racial relations. At the Economic Policy Institute, he works to advance policies that enable people of color to participate fully in the American economy and benefit equally from gains in prosperity. Austin oversees reports and policy analyses on the economic condition of America’s people of color. Austin is the author of Getting It Wrong: How Black Public
Intellectuals Are Failing Black America and Achieving Blackness: Race, Black Nationalism, and Afrocentrism in the Twentieth Century. He has
published scholarly articles in Ethnic and Racial Studies, Qualitative
Sociology, the Journal of African American Studies, and Race, Gender and Class.
algernon
austin
Director
Race, Ethnicity, and Economy Program Economic Policy Institute
epi.org/people/algernon-austin/
economic policy institute
1333 H Street NW Suite 300, East Tower Washington, DC 20005-4707
[email protected] (202) 775-8810
issues
economic Theory: Economy and Race labor Force: Jobs
addiTional issues
Economic Mobility
experience
• Assistant Director of Research, Foundation Center • Senior Fellow, DEMOS
• Faculty, Wesleyan University, 2001-2005
educaTion
Ph.D., Sociology, Northwestern University, 2001 M.A., Sociology, Northwestern University, 1995 B.A., Sociology, Wesleyan University, 1990
Bio
Dean Baker is frequently cited in economics reporting in major media outlets, including The New York Times, Washington Post, CNN, CNBC, and National Public Radio. He writes a weekly column for the
Guardian Unlimited (UK), the Huffington Post, TruthOut, and his blog, Beat the Press, features commentary on economic reporting. His
analyses have appeared in many major publications, including the
Atlantic Monthly, the Washington Post, the London Financial Times, and
the New York Daily News. Dean has written several books, his latest being The End of Loser Liberalism: Making Markets Progressive. His other books include Taking Economics Seriously (MIT Press), which thinks through what we might gain if we took the ideological blinders
dean
Baker
Co-Director
Center for Economic and Policy Research
center for economic and policy research
1611 Connecticut Avenue NW Suite 400
Washington, DC 20009
[email protected] (202) 293-5380
off of basic economic principles and False Profits: Recovering from the
Bubble Economy (PoliPoint Press, 2010) about what caused - and how
to fix - the current economic crisis.
issues
Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank
Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization
Budget & Tax policy: Discretionary Spending, Efficient Government,
Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates
Business: Corporate Incentives, Entrepreneurialism, Multi-National
Corporations, Small Business, Wealth Creation
economic Theory: Austerity, Capitalism, Economic Forecasting,
Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy
The Federal reserve
globalization: Developing Economies, International Competition,
Trade
labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA,
Retirement, Unemployment Insurance, Unions
monetary policy
social investment: Anti-Poverty Programs, Economic Mobility,
Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development
experience
• Senior Economist, Economic Policy Institute • Assistant Professor, Bucknell University • Consultant, The World Bank
• Consultant, Joint Economic Committee of the US Congress
educaTion
Ph.D., University of Michigan M.A., University of Denver, 1983 B.A., Swarthmore College, 1981
Bio
Professor Linda J. Bilmes is the Daniel Patrick Moynihan Senior Lecturer in Public Policy. Her research focuses on US budgeting and public administration, particularly on the costs of war, veterans’ affairs and the civil service. Her recent books include the New York Times bestseller The Three Trillion Dollar War: The True Cost of the
Iraq Conflict (with Joseph E. Stiglitz, 2008) and The People Factor: Strengthening America by Investing in Public Service (with W. Scott
Gould, Brookings, 2009). She has held senior positions in government including Assistant Secretary and CFO of the US Department of Commerce under President Clinton. She currently serves on the US National Park System Advisory Board and the US Department of Labor Veterans Employment and Training Advisory Board. Bilmes is a
linda
Bilmes
Senior Lecturer in Public Policy
Harvard Kennedy School of Government
Advisory Board Member
National Parks Advisory
John F. kennedy school of government
Mailbox 82, 79 JFK Street Cambridge, MA 02138
[email protected] (617) 495-4753
Assistant: Julie DeBenedictis (617) 495-8660
She has written widely, appeared on many national radio and television broadcasts, and testified to Congress on numerous occasions. At Harvard, she is a full-time faculty member and runs workshops for mayors and members of congress.
issues
Budget & Tax policy: Discretionary Spending, Efficient Government,
Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates
social investment: Healthcare, Medicare/Medicaid, Social Security,
US Infrastructure
experience
• Assistant Secretary, US Department of Commerce, Clinton
Administration, 1999-2001
• Chief Financial Officer, US Department of Commerce, Clinton
Administration, 1999-2001
• Deputy Assistant Secretary for Administration & Budget, US
Department of Commerce, Clinton Administration, 1997-1998
• Special Advisor, National Performance Review, Office of the US Vice
President, 5/1997 – 7/1997
• Principal, Boston Consulting Group, London, UK, 1988-1997
• Senior Engagement Manager, Boston Consulting Group, London, UK,
1990-1991
• Consultant, Boston Consulting Group, London, UK, 1988-1989 • Consultant, Bain & Company, London, UK, 1986-1987
• Trainee Media Consultant, Campaign Strategies Inc., New York
1980-1982
• Adjunct Professor, Boston University: London Campus, 1995-1997 • US Commissioner, Commission on Inter-American Investment,
Washington, 1994-1996
educaTion
M.B.A., Harvard Business School, 1984 A.B., Government, Harvard University, 1980
Bio
Bill Black is an Associate Professor of Economics and Law at the University of Missouri – Kansas City. He is a white-collar criminologist. His regulatory career is profiled in Chapter 2 of Professor Riccucci’s book Unsung Heroes (Georgetown U. Press: 1995), Chapter 4 (“The Consummate Professional: Creating
Leadership”) of Professor Bowman, et al’s book The Professional Edge
(M.E. Sharpe 2004), and Joseph M. Tonon’s article: “The Costs of
Speaking Truth to Power: How Professionalism Facilitates Credible Communication” Journal of Public Administration Research and Theory 2008 18(2):275-295. George Akerlof called his book, The Best Way to
Rob a Bank is to Own One (University of Texas Press 2005), “a classic.”
William
Black
Associate Professor of Economics and Law
University of Missouri, Kansas City
university of missouri-kansas city School of Law 500 East 52nd Street Kansas City, MO 64110 [email protected] (650) 743-8835
leader uses the entity as a “weapon.” Control frauds cause greater financial losses than all other forms of property crime combined and kill and maim thousands. He helped the World Bank develop anti-corruption initiatives, served as an expert for OFHEO in its enforcement action against Fannie Mae’s CEO, and assisted Icelandic and French leaders responding to their financial crises. Black has testified to Congress four times about the financial crisis – financial derivatives, executive and professional compensation, Lehman’s failure and related regulatory failures, and the role of control fraud in the bubble and crisis. He is a regulatory columnist for Benzinga,
issues
Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank
Bonuses, Too Big To Fail, Fannie/Freddie, Housing Market Collapse, Ratings Agencies, Securitization
economic Theory: Austerity, Capitalism globalization: Developing Economies experience
• Executive Director, Institute for Fraud Prevention, 2005-2007
• Professor, LBJ School of Public Affairs at University of Texas at Austin • Professor, Santa Clara University
• Visiting Scholar, Markkula Center for Applied Ethics • Litigation Director, Federal Home Loan Bank Board
• Deputy Director, Federal Savings and Loan Insurance Corporation • General Counsel, Federal Home Loan Bank of San Francisco • Senior Deputy Chief Counsel, Office of Thrift Supervision • Deputy Director, National Commission on Financial Institution
Reform, Recovery and Enforcement
educaTion
Ph.D., Criminology, Law and Society, University of California at Irvine,
1998
J.D., University of Michigan Law School, 1976
Bio
Alan S. Blinder is the Gordon S. Rentschler Memorial Professor of Economics and Public Affairs at Princeton University. He is the author/ co-author of 17 books, including the textbook Economics:
Principles and Policy (with William J. Baumol), now in its 12th edition,
from which well over two and a half million college students have learned introductory economics. He has written scores of scholarly articles on such topics as fiscal policy, monetary policy, and the distribution of income. He appears frequently on PBS, CNBC, CNN,
Bloomberg TV, and elsewhere. Dr. Blinder was a member of President
Clinton’s original Council of Economic Advisers, and continues to advise numerous Democratic politicians.
alan s.
Blinder
Professor of Economics and Public Affairs
Princeton University
Vice Chairman
Promontory Interfinancial Network
Columnist
The Wall Street Journal
princeton.edu/blinder/
princeton university center for economic policy studies
Department of Economics
105 Fisher Hall
Princeton, NJ 08544-1021
Top Wonks Press Department [email protected]
issues
Banking & Finance: Bank Bail Out, Bank Bonuses, Too Big To Fail,
Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization
Budget & Tax policy: Federal Budget, National Debt, Payroll Taxes,
Social Insurance
Business: Corporate Incentives, Small Business
economic Theory: Economic Forecasting, Keynes v. Friedman,
Service Economy
The Federal reserve
labor Force: Jobs, Unemployment Insurance monetary policy
social investment: Economic Mobility, Middle Class, Social Security experience
• President, Eastern Economic Association, 2005-06
• Member, Monetary Policy Panel, Federal Reserve Bank of New York,
2005-2009
• Senior Fellow, FDIC Center for Financial Research, 2003-2008 • Board Member, AFL-CIO Center for Working Capital, 1999-2005. • Vice President, American Economic Association
• Vice Chairman, Board of Governors of the Federal Reserve System,
1994-1996
• Member, Board of Governors Committee on Bank Supervision
and Regulation, Consumer and Community Affairs, and Derivative Instruments
• Member, Council of Economic Advisers, Clinton Administration,
January 1993 – January 1996
• Deputy Assistant Director, Congressional Budget Office, 1975
educaTion
Ph.D., Economics, Massachusetts Institute of Technology, 1971 M.Sc., Economics, London School of Economics, 1968
Bio
Ms. Born received her law degree from Stanford Law School where she was President of the Stanford Law Review and received the Outstanding Senior Award. Prior to joining Arnold & Porter LLP, she was a law clerk to Judge Henry W. Edgerton of the U.S. Court of Appeals for the District of Columbia Circuit.
Brooksley Born is a retired partner of Arnold & Porter LLP where she practiced for more than thirty years. She was head of the firm’s derivatives practice, chaired its pro bono committee, and served on its policy committee. From 1996 to 1999 Ms. Born was chair of the U.S. Commodity Futures Trading Commission, the federal agency that oversees futures and commodity option markets, and
Brooksley
Born
Retired Partner
Arnold & Porter LLP
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