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Presents essays covering a variety of issues faced by today's global markets and economic institutions, including the Affordable Care Act, bank bailouts, pension security bonds, and government debt.
List of contents
Part I: Health Care Reform1 The Health Care Reform Legislation: An Overview, by Chapin White
2 The Simple Economics of Health Reform, by David M. Cutler
3 The Economics, Opportunities, and Challenges of Health Insurance Exchanges, by Mark G. Duggan and Robert Kocher
4 Can the ACA Improve Population Health?, by Dana P. Goldman and Darius N. Lakdawalla
5 Systemic Reform of Health Care Delivery and Payment, by Henry J. Aaron
6 How Stable Are Insurance Subsidies in Health Reform?, by Mark V. Pauly
Part II: Financial Market Regulatory Reform7 Financial Regulatory Reform: The Politics of Denial, by Richard A. Posner
8 Government Guarantees: Why the Genie Needs to Be Put Back in the Bottle, by Viral V. Acharya and Matthew Richardson
9 How Little We Know: The Challenges of Financial Reform, by Russell Roberts
10 Finding the Sweet Spot for Effective Regulation, by R. Glenn Hubbard
11 A Recipe for Ratings Reform, by Charles W. Calomiris
12 Should Banker Pay Be Regulated, by Steven N. Kaplan
13 Fixing Bankers' Pay, by Lucian A. Bebchuk
14 It Works for Mergers, by Aaron S. Edlin and Richard J. Gilbert
Part III: Financial Crisis and Bailouts15 Hedge Fund Wizards, by Dean P. Foster and H. Peyton Young
16 Investment Banking Regulation After Bear Stearns, by Dwight M. Jaffee and Mark Perlow
17 Why Paulson Is Wrong, by Luigi Zingales
18 Dr. StrangeLoan: Or, How I Learned to Stop Worrying and Love the Financial Collapse, by Aaron S. Edlin
19 Questioning the Treasury's $700 Billion Blank Check: An Open Letter to Secretary Paulson, by Aaron S. Edlin
20 Auction Design Critical for Rescue Plan, by Lawrence M. Ausubel and Peter Cramton
21 A Better Plan for Addressing the Financial Crisis, by Lucian A. Bebchuk
22 Please Think This Over, by Edward E. Leamer
23 Is Macroeconomics Off Track?, by Casey B. Mulligan
24 If It Were a Fight, by Robert J. Barbera
25 Comment on Barbera: Your Gift Will Make You Rich, by Casey B. Mulligan
Part IV: Innovations in Policy and Business26 Pension Security Bonds: A New Plan to Address the State Pension Crisis, by Joshua Rauh and Robert Novy-Marx
27 Carbon Taxes to Move toward Fiscal Sustainability, by William D. Nordhaus
28 Net Neutrality Is Bad Broadband Regulation, by Robert E. Litan and Hal J. Singer
29 Trills Instead of T-Bills: It's Time to Replace Part of Government Debt with Shares in GDP, by Mark J. Kamstra and Robert J. Shiller
30 The Google Book Settlement: Real Magic or a Trick?, by Pamela Samuelson
31 The Stakes in the Google Book Search Settlement, by Paul N. Courant
32 The NFL Should Auction Possession in Overtime Games, by Yeon-Koo Che and Terrence Hendershott
About the author
Edited by Aaron S. Edlin and Joseph E. Stiglitz
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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
