James Bothwell

’s best thinkers y

TOPWONKSYour guide to the countr

VOL. 01 The Economy

TOPWONKS Your guide to the country’s best thinkerS VOL. 01 The Economy

edited by ERICA PAYNE 4 TOPWONKS THE ECONOMY VOL. 01

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.

—EricaPayne

5 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.

6 TOPWONKS THE ECONOMY VOL. 01

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

7 index by categories Banking and Finance YV Reddy...... 164 Sarah Anderson...... 34 Nouriel Roubini...... 166 Dean Baker...... 44 Jeffrey Sachs...... 168 William Black...... 48 Mark Schmitt ...... 172 Alan Blinder...... 50 Robert Shiller...... 182 Brooksley Born...... 52 Damon Silvers...... 184 Bob Borosage...... 54 Anne Simpson...... 186 James Bothwell...... 56 Joseph Stiglitz...... 190 Timothy Canova...... 64 Lynn Stout...... 192 Gerard Caprio...... 66 Walker Todd...... 194 Jim Chanos...... 68 Lynn Turner...... 196 James Crotty...... 72 Nicole Woo ...... 200 Randall Dodd...... 78 Randall Wray...... 202 Tamara Draut...... 80 Arindrajit Dube...... 82 Anti-trust Regulations Tom Ferguson...... 86 Brooksley Born...... 52 Richard Freeman...... 92 Bob Borosage...... 54 James Galbraith...... 94 James Bothwell...... 56 Dan Goroff...... 98 Gerard Caprio...... 66 Michael Greenberger...... 100 Jim Chanos...... 68 Jacob Hacker...... 102 Diane Coyle...... 70 Robert Johnson...... 112 James Crotty...... 72 Simon Johnson...... 114 Randall Dodd...... 78 Cassandra Jones-Havard..... 116 Tom Ferguson...... 86 Sony Kapoor...... 120 Steve Fraser...... 90 Stephanie Kelton...... 122 James Galbraith...... 94 David Kennedy...... 124 Robert Johnson...... 112 Naomi Klein...... 126 Simon Johnson...... 114 Michael Konczal...... 128 Cassandra Jones-Havard..... 116 Jan Kregel...... 130 Stephanie Kelton...... 122 Robert Kuttner...... 132 David Kennedy...... 124 Lance Lindblom...... 134 Naomi Klein...... 126 Henry C.K. Liu...... 136 Jan Kregel...... 130 Barry Lynn...... 138 Robert Kuttner...... 132 Jeffrey Madrick...... 140 Lance Lindblom...... 134 Heather McGhee...... 142 Barry Lynn...... 138 Perry Mehrling...... 146 Jeffrey Madrick...... 140 Thomas Palley...... 150 Heather McGhee...... 142 Perry Mehrling...... 146 Frank Partnoy...... 152 Thomas Palley...... 150 Bob Pollin...... 154 Bob Pollin...... 154 Robert Prasch...... 156 Robert Prasch...... 156 Nomi Prins...... 158 Nomi Prins...... 158 Eric Rauchway...... 160 Eric Rauchway...... 160 8 TOPWONKS THE ECONOMY VOL. 01

YV Reddy...... 164 YV Reddy...... 164 Nouriel Roubini...... 166 Nouriel Roubini...... 166 Jeffrey Sachs...... 168 Jeffrey Sachs...... 168 Mark Schmitt ...... 172 Mark Schmitt ...... 172 Robert Shiller...... 182 Robert Shiller...... 182 Damon Silvers...... 184 Damon Silvers...... 184 Anne Simpson...... 186 Anne Simpson...... 186 Joseph Stiglitz...... 190 Joseph Stiglitz...... 190 Walker Todd...... 194 Lynn Stout...... 192 Walker Todd...... 194 Bank Bonuses Randall Wray...... 202 Sarah Anderson...... 34 Dean Baker...... 44 Bank Bail Out William Black...... 48 Dean Baker...... 44 Alan Blinder...... 50 William Black...... 48 Brooksley Born...... 52 Alan Blinder...... 50 Bob Borosage...... 54 Brooksley Born...... 52 James Bothwell...... 56 Bob Borosage...... 54 Gerard Caprio...... 66 James Bothwell...... 56 James Crotty...... 72 Timothy Canova...... 64 Randall Dodd...... 78 Gerard Caprio...... 66 Arindrajit Dube...... 82 Jim Chanos...... 68 Steve Fraser...... 90 James Crotty...... 72 James Galbraith...... 94 Randall Dodd...... 78 Michael Greenberger...... 100 Tom Ferguson...... 86 Robert Johnson...... 112 Steve Fraser...... 90 Simon Johnson...... 114 James Galbraith...... 94 Cassandra Jones-Havard..... 116 Michael Greenberger...... 100 Stephanie Kelton...... 122 Robert Johnson...... 112 David Kennedy...... 124 Simon Johnson...... 114 Naomi Klein...... 126 Cassandra Jones-Havard..... 116 Jan Kregel...... 130 Sony Kapoor...... 120 Robert Kuttner...... 132 Stephanie Kelton...... 122 Lance Lindblom...... 134 David Kennedy...... 124 Barry Lynn...... 138 Naomi Klein...... 126 Jeffrey Madrick...... 140 Michael Konczal...... 128 Heather McGhee...... 142 Jan Kregel...... 130 Perry Mehrling...... 146 Robert Kuttner...... 132 Thomas Palley...... 150 Lance Lindblom...... 134 Frank Partnoy...... 152 Henry C.K. Liu...... 136 Bob Pollin...... 154 Barry Lynn...... 138 Robert Prasch...... 156 Jeffrey Madrick...... 140 Nomi Prins...... 158 Heather McGhee...... 142 Eric Rauchway...... 160 Perry Mehrling...... 146 9 Thomas Palley...... 150 Jan Kregel...... 130 Frank Partnoy...... 152 Robert Kuttner...... 132 Bob Pollin...... 154 Lance Lindblom...... 134 Robert Prasch...... 156 Henry C.K. Liu...... 136 Nomi Prins...... 158 Barry Lynn...... 138 Eric Rauchway...... 160 Jeffrey Madrick...... 140 YV Reddy...... 164 Heather McGhee...... 142 Nouriel Roubini...... 166 Perry Mehrling...... 146 Jeffrey Sachs...... 168 Bob Pollin...... 154 Mark Schmitt ...... 172 Robert Prasch...... 156 Robert Shiller...... 182 Nomi Prins...... 158 Damon Silvers...... 184 YV Reddy...... 164 Anne Simpson...... 186 Nouriel Roubini...... 166 Joseph Stiglitz...... 190 Jeffrey Sachs...... 168 Lynn Stout...... 192 Mark Schmitt ...... 172 Walker Todd...... 194 Robert Shiller...... 182 Randall Wray...... 202 Damon Silvers...... 184 Anne Simpson...... 186 Too Big To Fail Joseph Stiglitz...... 190 Sarah Anderson...... 34 Lynn Stout...... 192 Dean Baker...... 44 Walker Todd...... 194 William Black...... 48 Randall Wray...... 202 Alan Blinder...... 50 Brooksley Born...... 52 Fannie/Freddie Bob Borosage...... 54 Dean Baker...... 44 James Bothwell...... 56 William Black...... 48 Timothy Canova...... 64 Alan Blinder...... 50 Gerard Caprio...... 66 Brooksley Born...... 52 Jim Chanos...... 68 Bob Borosage...... 54 James Crotty...... 72 James Bothwell...... 56 Randall Dodd...... 78 Gerard Caprio...... 66 Tamara Draut...... 80 James Crotty...... 72 Tom Ferguson...... 86 Randall Dodd...... 78 Steve Fraser...... 90 Steve Fraser...... 90 James Galbraith...... 94 James Galbraith...... 94 Michael Greenberger...... 100 Robert Johnson...... 112 Robert Johnson...... 112 Simon Johnson...... 114 Simon Johnson...... 114 Cassandra Jones-Havard..... 116 Cassandra Jones-Havard..... 116 Stephanie Kelton...... 122 Sony Kapoor...... 120 David Kennedy...... 124 Stephanie Kelton...... 122 Jan Kregel...... 130 David Kennedy...... 124 Robert Kuttner...... 132 Naomi Klein...... 126 Lance Lindblom...... 134 Michael Konczal...... 128 Henry C.K. Liu...... 136 10 TOPWONKS THE ECONOMY VOL. 01

Barry Lynn...... 138 Michael Konczal...... 128 Jeffrey Madrick...... 140 Jan Kregel...... 130 Heather McGhee...... 142 Robert Kuttner...... 132 Perry Mehrling...... 146 Lance Lindblom...... 134 Thomas Palley...... 150 Henry C.K. Liu...... 136 Frank Partnoy...... 152 Barry Lynn...... 138 Bob Pollin...... 154 Jeffrey Madrick...... 140 Robert Prasch...... 156 Heather McGhee...... 142 Nomi Prins...... 158 Perry Mehrling...... 146 YV Reddy...... 164 Thomas Palley...... 150 Nouriel Roubini...... 166 Frank Partnoy...... 152 Jeffrey Sachs...... 168 Bob Pollin...... 154 Mark Schmitt ...... 172 Robert Prasch...... 156 Robert Shiller...... 182 Nomi Prins...... 158 Damon Silvers...... 184 YV Reddy...... 164 Anne Simpson...... 186 Nouriel Roubini...... 166 Joseph Stiglitz...... 190 Jeffrey Sachs...... 168 Walker Todd...... 194 Mark Schmitt ...... 172 Randall Wray...... 202 Robert Shiller...... 182 Damon Silvers...... 184 Financial Markets Anne Simpson...... 186 Dean Baker...... 44 Joseph Stiglitz...... 190 William Black...... 48 Lynn Stout...... 192 Alan Blinder...... 50 Walker Todd...... 194 Brooksley Born...... 52 Lynn Turner...... 196 Bob Borosage...... 54 Randall Wray...... 202 James Bothwell...... 56 Timothy Canova...... 64 Housing Market Collapse Gerard Caprio...... 66 Dean Baker...... 44 Jim Chanos...... 68 William Black...... 48 James Crotty...... 72 Alan Blinder...... 50 Randall Dodd...... 78 Brooksley Born...... 52 Steve Fraser...... 90 Bob Borosage...... 54 James Galbraith...... 94 James Bothwell...... 56 Dan Goroff...... 98 Gerard Caprio...... 66 Michael Greenberger...... 100 James Crotty...... 72 Jacob Hacker...... 102 Randall Dodd...... 78 Robert Johnson...... 112 Steve Fraser...... 90 Simon Johnson...... 114 James Galbraith...... 94 Cassandra Jones-Havard..... 116 Michael Greenberger...... 100 Sony Kapoor...... 120 Jacob Hacker...... 102 Stephanie Kelton...... 122 Robert Johnson...... 112 David Kennedy...... 124 Simon Johnson...... 114 Naomi Klein...... 126 Cassandra Jones-Havard..... 116 11 Stephanie Kelton...... 122 Michael Greenberger...... 100 David Kennedy...... 124 Robert Johnson...... 112 Naomi Klein...... 126 Simon Johnson...... 114 Jan Kregel...... 130 Cassandra Jones-Havard..... 116 Robert Kuttner...... 132 Sony Kapoor...... 120 Lance Lindblom...... 134 Stephanie Kelton...... 122 Henry C.K. Liu...... 136 David Kennedy...... 124 Barry Lynn...... 138 Jan Kregel...... 130 Jeffrey Madrick...... 140 Robert Kuttner...... 132 Heather McGhee...... 142 Lance Lindblom...... 134 Perry Mehrling...... 146 Barry Lynn...... 138 Thomas Palley...... 150 Jeffrey Madrick...... 140 Frank Partnoy...... 152 Heather McGhee...... 142 Bob Pollin...... 154 Perry Mehrling...... 146 Robert Prasch...... 156 Frank Partnoy...... 152 Nomi Prins...... 158 Bob Pollin...... 154 YV Reddy...... 164 Robert Prasch...... 156 Nouriel Roubini...... 166 Nomi Prins...... 158 Jeffrey Sachs...... 168 YV Reddy...... 164 Mark Schmitt ...... 172 Nouriel Roubini...... 166 Robert Shiller...... 182 Jeffrey Sachs...... 168 Damon Silvers...... 184 Mark Schmitt ...... 172 Anne Simpson...... 186 Robert Shiller...... 182 Joseph Stiglitz...... 190 Damon Silvers...... 184 Lynn Stout...... 192 Anne Simpson...... 186 Walker Todd...... 194 Joseph Stiglitz...... 190 Nicole Woo ...... 200 Walker Todd...... 194 Randall Wray...... 202 Lynn Turner...... 196 Randall Wray...... 202 Ratings Agencies Dean Baker...... 44 Securitization William Black...... 48 Dean Baker...... 44 Alan Blinder...... 50 William Black...... 48 Brooksley Born...... 52 Alan Blinder...... 50 Bob Borosage...... 54 Brooksley Born...... 52 James Bothwell...... 56 Bob Borosage...... 54 Timothy Canova...... 64 James Bothwell...... 56 Gerard Caprio...... 66 Gerard Caprio...... 66 Jim Chanos...... 68 Jim Chanos...... 68 James Crotty...... 72 James Crotty...... 72 Randall Dodd...... 78 Randall Dodd...... 78 Steve Fraser...... 90 Steve Fraser...... 90 James Galbraith...... 94 James Galbraith...... 94 Dan Goroff...... 98 Michael Greenberger...... 100 12 TOPWONKS THE ECONOMY VOL. 01

Robert Johnson...... 112 Bob Herbert...... 106 Simon Johnson...... 114 Robert Johnson...... 112 Cassandra Jones-Havard..... 116 Simon Johnson...... 114 Sony Kapoor...... 120 Ethan Kaplan...... 118 Stephanie Kelton...... 122 Sony Kapoor...... 120 David Kennedy...... 124 Naomi Klein...... 126 Jan Kregel...... 130 Michael Konczal...... 128 Robert Kuttner...... 132 Jan Kregel...... 130 Lance Lindblom...... 134 Robert Kuttner...... 132 Henry C.K. Liu...... 136 Lance Lindblom...... 134 Barry Lynn...... 138 Henry C.K. Liu...... 136 Jeffrey Madrick...... 140 Barry Lynn...... 138 Heather McGhee...... 142 Jeffrey Madrick...... 140 Perry Mehrling...... 146 Heather McGhee...... 142 Thomas Palley...... 150 Bob McIntyre...... 144 Frank Partnoy...... 152 Thomas Palley...... 150 Bob Pollin...... 154 Bob Pollin...... 154 Robert Prasch...... 156 Robert Prasch...... 156 Nomi Prins...... 158 Nomi Prins...... 158 YV Reddy...... 164 Eric Rauchway...... 160 Nouriel Roubini...... 166 Sanjay Reddy...... 162 Jeffrey Sachs...... 168 YV Reddy...... 164 Mark Schmitt ...... 172 Nouriel Roubini...... 166 Robert Shiller...... 182 Jeffrey Sachs...... 168 Damon Silvers...... 184 Mark Schmitt ...... 172 Anne Simpson...... 186 Sherle Schwenninger...... 176 Joseph Stiglitz...... 190 Robert Shiller...... 182 Lynn Stout...... 192 Damon Silvers...... 184 Walker Todd...... 194 Anne Simpson...... 186 Randall Wray...... 202 Stan Sporkin...... 188 Lynn Stout...... 192 Budget & Tax Policy Nicole Woo ...... 200 Sarah Anderson...... 34 Greg Anrig...... 38 Discretionary Spending Dean Baker...... 44 Greg Anrig...... 38 Linda Bilmes...... 46 Dean Baker...... 44 Alan Blinder...... 50 Linda Bilmes...... 46 Bob Borosage...... 54 Bob Borosage...... 54 Heather Boushey...... 58 Tamara Draut...... 80 Timothy Canova...... 64 Tom Ferguson...... 86 Tamara Draut...... 80 Bob Herbert...... 106 Tom Ferguson...... 86 Robert Johnson...... 112 Dan Goroff...... 98 Simon Johnson...... 114 Jacob Hacker...... 102 Jan Kregel...... 130 13 Robert Kuttner...... 132 Federal Budget Lance Lindblom...... 134 Greg Anrig...... 38 Barry Lynn...... 138 Dean Baker...... 44 Jeffrey Madrick...... 140 Linda Bilmes...... 46 Heather McGhee...... 142 Alan Blinder...... 50 Bob McIntyre...... 144 Bob Borosage...... 54 Bob Pollin...... 154 Heather Boushey...... 58 YV Reddy...... 164 Timothy Canova...... 64 Nouriel Roubini...... 166 Tamara Draut...... 80 Jeffrey Sachs...... 168 Jacob Hacker...... 102 Mark Schmitt ...... 172 Bob Herbert...... 106 Sherle Schwenninger...... 176 Robert Johnson...... 112 Robert Shiller...... 182 Simon Johnson...... 114 Damon Silvers...... 184 Robert Kuttner...... 132 Anne Simpson...... 186 Lance Lindblom...... 134 Barry Lynn...... 138 Efficient Government Jeffrey Madrick...... 140 Greg Anrig...... 38 Heather McGhee...... 142 Dean Baker...... 44 Bob McIntyre...... 144 Linda Bilmes...... 46 Thomas Palley...... 150 Bob Borosage...... 54 Bob Pollin...... 154 Tamara Draut...... 80 Robert Prasch...... 156 Dan Goroff...... 98 YV Reddy...... 164 Bob Herbert...... 106 Nouriel Roubini...... 166 Robert Johnson...... 112 Jeffrey Sachs...... 168 Simon Johnson...... 114 Mark Schmitt ...... 172 Jan Kregel...... 130 Robert Shiller...... 182 Robert Kuttner...... 132 Damon Silvers...... 184 Lance Lindblom...... 134 Anne Simpson...... 186 Barry Lynn...... 138 Nicole Woo ...... 200 Jeffrey Madrick...... 140 Heather McGhee...... 142 Government Investment Bob McIntyre...... 144 Greg Anrig...... 38 Bob Pollin...... 154 Dean Baker...... 44 Eric Rauchway...... 160 Linda Bilmes...... 46 Sanjay Reddy...... 162 Bob Borosage...... 54 YV Reddy...... 164 Timothy Canova...... 64 Nouriel Roubini...... 166 Tamara Draut...... 80 Jeffrey Sachs...... 168 Bob Herbert...... 106 Mark Schmitt ...... 172 Robert Johnson...... 112 Robert Shiller...... 182 Simon Johnson...... 114 Damon Silvers...... 184 Robert Kuttner...... 132 Anne Simpson...... 186 Lance Lindblom...... 134 Stan Sporkin...... 188 Barry Lynn...... 138 14 TOPWONKS THE ECONOMY VOL. 01

Jeffrey Madrick...... 140 National Debt Heather McGhee...... 142 Greg Anrig...... 38 Bob McIntyre...... 144 Dean Baker...... 44 Thomas Palley...... 150 Linda Bilmes...... 46 Bob Pollin...... 154 Alan Blinder...... 50 Eric Rauchway...... 160 Bob Borosage...... 54 Sanjay Reddy...... 162 Timothy Canova...... 64 YV Reddy...... 164 Tamara Draut...... 80 Nouriel Roubini...... 166 Tom Ferguson...... 86 Jeffrey Sachs...... 168 Bob Herbert...... 106 Mark Schmitt ...... 172 Robert Johnson...... 112 Sherle Schwenninger...... 176 Simon Johnson...... 114 Robert Shiller...... 182 Ethan Kaplan...... 118 Damon Silvers...... 184 Sony Kapoor...... 120 Anne Simpson...... 186 Jan Kregel...... 130 Lynn Stout...... 192 Robert Kuttner...... 132 Lance Lindblom...... 134 Municipal/State Budgets Henry C.K. Liu...... 136 Greg Anrig...... 38 Barry Lynn...... 138 Dean Baker...... 44 Jeffrey Madrick...... 140 Linda Bilmes...... 46 Heather McGhee...... 142 Timothy Canova...... 64 Bob McIntyre...... 144 Tom Ferguson...... 86 Bob Pollin...... 154 Bob Herbert...... 106 Nomi Prins...... 158 Robert Johnson...... 112 YV Reddy...... 164 Simon Johnson...... 114 Sanjay Reddy...... 162 Robert Kuttner...... 132 Nouriel Roubini...... 166 Lance Lindblom...... 134 Jeffrey Sachs...... 168 Barry Lynn...... 138 Mark Schmitt ...... 172 Jeffrey Madrick...... 140 Sherle Schwenninger...... 176 Heather McGhee...... 142 Robert Shiller...... 182 Bob McIntyre...... 144 Damon Silvers...... 184 Bob Pollin...... 154 Anne Simpson...... 186 YV Reddy...... 164 Nicole Woo ...... 200 Nouriel Roubini...... 166 Jeffrey Sachs...... 168 Off Shore Tax Shelters Mark Schmitt ...... 172 Sarah Anderson...... 34 Robert Shiller...... 182 Greg Anrig...... 38 Damon Silvers...... 184 Dean Baker...... 44 Anne Simpson...... 186 Bob Borosage...... 54 Bob Herbert...... 106 Robert Johnson...... 112 Simon Johnson...... 114 Robert Kuttner...... 132 15 Lance Lindblom...... 134 Nicole Woo ...... 200 Barry Lynn...... 138 Jeffrey Madrick...... 140 Privatization Heather McGhee...... 142 Greg Anrig...... 38 Bob McIntyre...... 144 Dean Baker...... 44 Bob Pollin...... 154 Linda Bilmes...... 46 Nomi Prins...... 158 Bob Borosage...... 54 YV Reddy...... 164 Timothy Canova...... 64 Nouriel Roubini...... 166 Jacob Hacker...... 102 Jeffrey Sachs...... 168 Bob Herbert...... 106 Mark Schmitt ...... 172 Robert Johnson...... 112 Robert Shiller...... 182 Simon Johnson...... 114 Damon Silvers...... 184 Naomi Klein...... 126 Anne Simpson...... 186 Michael Konczal...... 128 Robert Kuttner...... 132 Payroll Taxes Lance Lindblom...... 134 Greg Anrig...... 38 Henry C.K. Liu...... 136 Dean Baker...... 44 Barry Lynn...... 138 Linda Bilmes...... 46 Jeffrey Madrick...... 140 Alan Blinder...... 50 Heather McGhee...... 142 Bob Borosage...... 54 Bob McIntyre...... 144 Heather Boushey...... 58 Bob Pollin...... 154 Tamara Draut...... 80 Nomi Prins...... 158 Teresa Ghilarducci...... 96 Eric Rauchway...... 160 Jacob Hacker...... 102 YV Reddy...... 164 Bob Herbert...... 106 Nouriel Roubini...... 166 Robert Johnson...... 112 Jeffrey Sachs...... 168 Simon Johnson...... 114 Mark Schmitt ...... 172 Jan Kregel...... 130 Robert Shiller...... 182 Robert Kuttner...... 132 Damon Silvers...... 184 Lance Lindblom...... 134 Anne Simpson...... 186 Barry Lynn...... 138 Lynn Stout...... 192 Jeffrey Madrick...... 140 Heather McGhee...... 142 Social Insurance Bob McIntyre...... 144 Greg Anrig...... 38 Thomas Palley...... 150 Dean Baker...... 44 Bob Pollin...... 154 Linda Bilmes...... 46 YV Reddy...... 164 Alan Blinder...... 50 Nouriel Roubini...... 166 Bob Borosage...... 54 Jeffrey Sachs...... 168 Tamara Draut...... 80 Mark Schmitt ...... 172 Jacob Hacker...... 102 Robert Shiller...... 182 Bob Herbert...... 106 Damon Silvers...... 184 Robert Johnson...... 112 Anne Simpson...... 186 Simon Johnson...... 114 16 TOPWONKS THE ECONOMY VOL. 01

Michael Konczal...... 128 Business Jan Kregel...... 130 Marcellus Andrews...... 36 Robert Kuttner...... 132 Dean Baker...... 44 Lance Lindblom...... 134 Alan Blinder...... 50 Barry Lynn...... 138 Bob Borosage...... 54 Heather McGhee...... 142 James Bothwell...... 56 Bob McIntyre...... 144 Timothy Canova...... 64 Bob Pollin...... 154 Diane Coyle...... 70 Eric Rauchway...... 160 Steve Fraser...... 90 YV Reddy...... 164 Teresa Ghilarducci...... 96 Sanjay Reddy...... 162 Dan Goroff...... 98 Nouriel Roubini...... 166 Michael Greenberger...... 100 Jeffrey Sachs...... 168 Jacob Hacker...... 102 Mark Schmitt ...... 172 Bob Herbert...... 106 Sherle Schwenninger...... 176 Simon Johnson...... 114 Robert Shiller...... 182 Cassandra Jones-Havard..... 116 Damon Silvers...... 184 Sony Kapoor...... 120 Anne Simpson...... 186 Naomi Klein...... 126 Jan Kregel...... 130 Unfunded Mandates Robert Kuttner...... 132 Greg Anrig...... 38 Barry Lynn...... 138 Dean Baker...... 44 Heather McGhee...... 142 Linda Bilmes...... 46 Lawrence Mishel...... 148 Bob Herbert...... 106 Thomas Palley...... 150 Robert Johnson...... 112 Frank Partnoy...... 152 Simon Johnson...... 114 Bob Pollin...... 154 Robert Kuttner...... 132 Nomi Prins...... 158 Lance Lindblom...... 134 Eric Rauchway...... 160 Barry Lynn...... 138 Sanjay Reddy...... 162 Jeffrey Madrick...... 140 Nouriel Roubini...... 166 Heather McGhee...... 142 Jeffrey Sachs...... 168 Bob McIntyre...... 144 John Schmitt ...... 170 Bob Pollin...... 154 Sherle Schwenninger...... 176 YV Reddy...... 164 Nina Shapiro...... 178 Nouriel Roubini...... 166 Damon Silvers...... 184 Jeffrey Sachs...... 168 Anne Simpson...... 186 Mark Schmitt ...... 172 Stan Sporkin...... 188 Robert Shiller...... 182 Lynn Stout...... 192 Damon Silvers...... 184 Lynn Turner...... 196 Anne Simpson...... 186

17 Corporate Incentives Cassandra Jones-Havard..... 116 Marcellus Andrews...... 36 Sony Kapoor...... 120 Dean Baker...... 44 Robert Kuttner...... 132 Alan Blinder...... 50 Barry Lynn...... 138 Bob Borosage...... 54 Heather McGhee...... 142 James Bothwell...... 56 Lawrence Mishel...... 148 Diane Coyle...... 70 Frank Partnoy...... 152 Steve Fraser...... 90 Bob Pollin...... 154 Teresa Ghilarducci...... 96 Nomi Prins...... 158 Jacob Hacker...... 102 Nouriel Roubini...... 166 Bob Herbert...... 106 Jeffrey Sachs...... 168 Simon Johnson...... 114 John Schmitt ...... 170 Cassandra Jones-Havard..... 116 Nina Shapiro...... 178 Jan Kregel...... 130 Damon Silvers...... 184 Robert Kuttner...... 132 Anne Simpson...... 186 Barry Lynn...... 138 Lynn Stout...... 192 Heather McGhee...... 142 Lawrence Mishel...... 148 Multi-National Thomas Palley...... 150 Corporations Frank Partnoy...... 152 Marcellus Andrews...... 36 Bob Pollin...... 154 Dean Baker...... 44 Nomi Prins...... 158 Bob Borosage...... 54 Nouriel Roubini...... 166 James Bothwell...... 56 Jeffrey Sachs...... 168 Timothy Canova...... 64 John Schmitt ...... 170 Diane Coyle...... 70 Nina Shapiro...... 178 Steve Fraser...... 90 Damon Silvers...... 184 Jacob Hacker...... 102 Anne Simpson...... 186 Bob Herbert...... 106 Lynn Stout...... 192 Simon Johnson...... 114 Lynn Turner...... 196 Cassandra Jones-Havard..... 116 Naomi Klein...... 126 entrepreneurialism Jan Kregel...... 130 Marcellus Andrews...... 36 Robert Kuttner...... 132 Dean Baker...... 44 Barry Lynn...... 138 Bob Borosage...... 54 Heather McGhee...... 142 James Bothwell...... 56 Lawrence Mishel...... 148 Timothy Canova...... 64 Thomas Palley...... 150 Diane Coyle...... 70 Frank Partnoy...... 152 Steve Fraser...... 90 Bob Pollin...... 154 Dan Goroff...... 98 Nomi Prins...... 158 Michael Greenberger...... 100 Eric Rauchway...... 160 Jacob Hacker...... 102 Sanjay Reddy...... 162 Bob Herbert...... 106 Nouriel Roubini...... 166 Simon Johnson...... 114 Jeffrey Sachs...... 168 18 TOPWONKS THE ECONOMY VOL. 01

John Schmitt ...... 170 Steve Fraser...... 90 Sherle Schwenninger...... 176 Bob Herbert...... 106 Nina Shapiro...... 178 Jacob Hacker...... 102 Damon Silvers...... 184 Bob Herbert...... 106 Anne Simpson...... 186 Simon Johnson...... 114 Stan Sporkin...... 188 Cassandra Jones-Havard..... 116 Lynn Stout...... 192 Sony Kapoor...... 120 Robert Kuttner...... 132 Small Business Barry Lynn...... 138 Marcellus Andrews...... 36 Heather McGhee...... 142 Dean Baker...... 44 Lawrence Mishel...... 148 Alan Blinder...... 50 Frank Partnoy...... 152 Bob Borosage...... 54 Bob Pollin...... 154 James Bothwell...... 56 Nomi Prins...... 158 Timothy Canova...... 64 Sanjay Reddy...... 162 Diane Coyle...... 70 Nouriel Roubini...... 166 Steve Fraser...... 90 Jeffrey Sachs...... 168 Michael Greenberger...... 100 John Schmitt ...... 170 Jacob Hacker...... 102 Sherle Schwenninger...... 176 Bob Herbert...... 106 Nina Shapiro...... 178 Simon Johnson...... 114 Damon Silvers...... 184 Cassandra Jones-Havard..... 116 Anne Simpson...... 186 Robert Kuttner...... 132 Lynn Stout...... 192 Barry Lynn...... 138 Heather McGhee...... 142 Economic Theory Lawrence Mishel...... 148 Algernon Austin...... 42 Frank Partnoy...... 152 Dean Baker...... 44 Bob Pollin...... 154 William Black...... 48 Nomi Prins...... 158 Alan Blinder...... 50 Nouriel Roubini...... 166 Bob Borosage...... 54 Jeffrey Sachs...... 168 James Bothwell...... 56 John Schmitt ...... 170 Timothy Canova...... 64 Nina Shapiro...... 178 Jim Chanos...... 68 Damon Silvers...... 184 Diane Coyle...... 70 Anne Simpson...... 186 James Crotty...... 72 Lynn Stout...... 192 William Darity...... 74 Kemal Dervis...... 76 Wealth Creation Tamara Draut...... 80 Marcellus Andrews...... 36 Nancy Folbre...... 88 Dean Baker...... 44 Steve Fraser...... 90 Bob Borosage...... 54 Richard Freeman...... 92 James Bothwell...... 56 James Galbraith...... 94 Timothy Canova...... 64 Teresa Ghilarducci...... 96 Diane Coyle...... 70 Jacob Hacker...... 102 19 Heidi Hartmann...... 104 Robert Prasch...... 156 Arjun Jayadev ...... 110 Eric Rauchway...... 160 Robert Johnson...... 112 Sanjay Reddy...... 162 David Kennedy...... 124 Juliet Schor...... 174 Naomi Klein...... 126 Sherle Schwenninger...... 176 Michael Konczal...... 128 Nina Shapiro...... 178 Jan Kregel...... 130 Nicole Woo ...... 200 Henry C.K. Liu...... 136 Thomas Palley...... 150 Capitalism Frank Partnoy...... 152 Dean Baker...... 44 Robert Prasch...... 156 William Black...... 48 Nomi Prins...... 158 Bob Borosage...... 54 Eric Rauchway...... 160 James Bothwell...... 56 Sanjay Reddy...... 162 Heather Boushey...... 58 Juliet Schor...... 174 Timothy Canova...... 64 Sherle Schwenninger...... 176 Jim Chanos...... 68 Nina Shapiro...... 178 Diane Coyle...... 70 Lynn Stout...... 192 James Crotty...... 72 Lynn Turner...... 196 Kemal Dervis...... 76 Nicole Woo ...... 200 Tamara Draut...... 80 Steve Fraser...... 90 Austerity Richard Freeman...... 92 Dean Baker...... 44 James Galbraith...... 94 William Black...... 48 Jacob Hacker...... 102 Bob Borosage...... 54 Arjun Jayadev ...... 110 James Bothwell...... 56 Robert Johnson...... 112 Heather Boushey...... 58 David Kennedy...... 124 Timothy Canova...... 64 Naomi Klein...... 126 Diane Coyle...... 70 Michael Konczal...... 128 James Crotty...... 72 Jan Kregel...... 130 Kemal Dervis...... 76 Henry C.K. Liu...... 136 Tamara Draut...... 80 Thomas Palley...... 150 Steve Fraser...... 90 Frank Partnoy...... 152 Richard Freeman...... 92 Robert Prasch...... 156 James Galbraith...... 94 Nomi Prins...... 158 Teresa Ghilarducci...... 96 Eric Rauchway...... 160 Arjun Jayadev ...... 110 Sanjay Reddy...... 162 Robert Johnson...... 112 Juliet Schor...... 174 David Kennedy...... 124 Sherle Schwenninger...... 176 Naomi Klein...... 126 Nina Shapiro...... 178 Michael Konczal...... 128 Lynn Stout...... 192 Jan Kregel...... 130 Lynn Turner...... 196 Henry C.K. Liu...... 136 Thomas Palley...... 150 20 TOPWONKS THE ECONOMY VOL. 01

Economic Forecasting Diane Coyle...... 70 Dean Baker...... 44 James Crotty...... 72 Alan Blinder...... 50 William Darity...... 74 Diane Coyle...... 70 Tamara Draut...... 80 James Crotty...... 72 Steve Fraser...... 90 Tamara Draut...... 80 Richard Freeman...... 92 Steve Fraser...... 90 James Galbraith...... 94 Richard Freeman...... 92 Robert Johnson...... 112 James Galbraith...... 94 David Kennedy...... 124 Robert Johnson...... 112 Naomi Klein...... 126 David Kennedy...... 124 Frank Partnoy...... 152 Naomi Klein...... 126 Robert Prasch...... 156 Thomas Palley...... 150 Sanjay Reddy...... 162 Robert Prasch...... 156 Juliet Schor...... 174 Juliet Schor...... 174 Nina Shapiro...... 178 Nina Shapiro...... 178 Nicole Woo ...... 200

Economy/Gender Keynes v. Friedman Dean Baker...... 44 Dean Baker...... 44 Bob Borosage...... 54 Alan Blinder...... 50 Diane Coyle...... 70 Bob Borosage...... 54 James Crotty...... 72 Timothy Canova...... 64 Tamara Draut...... 80 Diane Coyle...... 70 Nancy Folbre...... 88 James Crotty...... 72 Steve Fraser...... 90 William Darity...... 74 Richard Freeman...... 92 Tamara Draut...... 80 James Galbraith...... 94 Steve Fraser...... 90 Teresa Ghilarducci...... 96 Richard Freeman...... 92 Heidi Hartmann...... 104 James Galbraith...... 94 Robert Johnson...... 112 Robert Johnson...... 112 David Kennedy...... 124 David Kennedy...... 124 Naomi Klein...... 126 Naomi Klein...... 126 Michael Konczal...... 128 Michael Konczal...... 128 Frank Partnoy...... 152 Jan Kregel...... 130 Robert Prasch...... 156 Henry C.K. Liu...... 136 Juliet Schor...... 174 Thomas Palley...... 150 Nina Shapiro...... 178 Robert Prasch...... 156 Eric Rauchway...... 160 Economy/Race Juliet Schor...... 174 Algernon Austin...... 42 Sherle Schwenninger...... 176 Dean Baker...... 44 Nina Shapiro...... 178 Bob Borosage...... 54 Heather Boushey...... 58 Timothy Canova...... 64 21 Service Economy Globalization Dean Baker...... 44 Sarah Anderson...... 34 Alan Blinder...... 50 Dean Baker...... 44 Bob Borosage...... 54 William Black...... 48 Heather Boushey...... 58 Bob Borosage...... 54 Diane Coyle...... 70 Samuel Bowles...... 60 James Crotty...... 72 James Boyce...... 62 Tamara Draut...... 80 Timothy Canova...... 64 Steve Fraser...... 90 Gerard Caprio...... 66 Richard Freeman...... 92 Diane Coyle...... 70 James Galbraith...... 94 James Crotty...... 72 Robert Johnson...... 112 Kemal Dervis...... 76 David Kennedy...... 124 Dan Goroff...... 98 Naomi Klein...... 126 Jacob Hacker...... 102 Robert Prasch...... 156 Leo Hindery, Jr...... 108 Juliet Schor...... 174 Arjun Jayadev ...... 110 Nina Shapiro...... 178 Sony Kapoor...... 120 Lynn Stout...... 192 Stephanie Kelton...... 122 David Kennedy...... 124 The Federal Reserve Naomi Klein...... 126 Dean Baker...... 44 Jan Kregel...... 130 Alan Blinder...... 50 Henry C.K. Liu...... 136 James Bothwell...... 56 Barry Lynn...... 138 Timothy Canova...... 64 Thomas Palley...... 150 Tom Ferguson...... 86 Frank Partnoy...... 152 Michael Greenberger...... 100 Nomi Prins...... 158 Cassandra Jones-Havard..... 116 Eric Rauchway...... 160 Stephanie Kelton...... 122 Sanjay Reddy...... 162 Michael Konczal...... 128 YV Reddy...... 164 Jan Kregel...... 130 Nouriel Roubini...... 166 Henry C.K. Liu...... 136 Jeffrey Sachs...... 168 Perry Mehrling...... 146 John Schmitt ...... 170 Thomas Palley...... 150 Sherle Schwenninger...... 176 Nomi Prins...... 158 Anne Simpson...... 186 Eric Rauchway...... 160 Joseph Stiglitz...... 190 Nouriel Roubini...... 166 Lynn Stout...... 192 Robert Shiller...... 182 Walker Todd...... 194 Lynn Stout...... 192 Walker Todd...... 194 Developing Economies Randall Wray...... 202 Sarah Anderson...... 34 Dean Baker...... 44 William Black...... 48 Samuel Bowles...... 60 James Boyce...... 62 22 TOPWONKS THE ECONOMY VOL. 01

Timothy Canova...... 64 David Kennedy...... 124 Gerard Caprio...... 66 Naomi Klein...... 126 Diane Coyle...... 70 Jan Kregel...... 130 James Crotty...... 72 Henry C.K. Liu...... 136 Kemal Dervis...... 76 Barry Lynn...... 138 Jacob Hacker...... 102 Thomas Palley...... 150 Arjun Jayadev ...... 110 Frank Partnoy...... 152 Sony Kapoor...... 120 Nomi Prins...... 158 Stephanie Kelton...... 122 Eric Rauchway...... 160 David Kennedy...... 124 Sanjay Reddy...... 162 Naomi Klein...... 126 YV Reddy...... 164 Jan Kregel...... 130 Nouriel Roubini...... 166 Henry C.K. Liu...... 136 Jeffrey Sachs...... 168 Barry Lynn...... 138 John Schmitt ...... 170 Thomas Palley...... 150 Sherle Schwenninger...... 176 Frank Partnoy...... 152 Anne Simpson...... 186 Eric Rauchway...... 160 Joseph Stiglitz...... 190 Sanjay Reddy...... 162 Lynn Stout...... 192 YV Reddy...... 164 Walker Todd...... 194 Nouriel Roubini...... 166 Jeffrey Sachs...... 168 Trade John Schmitt ...... 170 Sarah Anderson...... 34 Sherle Schwenninger...... 176 Dean Baker...... 44 Anne Simpson...... 186 Bob Borosage...... 54 Joseph Stiglitz...... 190 Samuel Bowles...... 60 Lynn Stout...... 192 James Boyce...... 62 Walker Todd...... 194 Timothy Canova...... 64 Gerard Caprio...... 66 International Competition Diane Coyle...... 70 Sarah Anderson...... 34 James Crotty...... 72 Dean Baker...... 44 Kemal Dervis...... 76 Bob Borosage...... 54 Jacob Hacker...... 102 Samuel Bowles...... 60 Leo Hindery, Jr...... 108 James Boyce...... 62 Stephanie Kelton...... 122 Timothy Canova...... 64 David Kennedy...... 124 Gerard Caprio...... 66 Naomi Klein...... 126 Diane Coyle...... 70 Jan Kregel...... 130 James Crotty...... 72 Henry C.K. Liu...... 136 Kemal Dervis...... 76 Barry Lynn...... 138 Dan Goroff...... 98 Thomas Palley...... 150 Jacob Hacker...... 102 Eric Rauchway...... 160 Arjun Jayadev ...... 110 Sanjay Reddy...... 162 Sony Kapoor...... 120 YV Reddy...... 164 Stephanie Kelton...... 122 Nouriel Roubini...... 166 23 Jeffrey Sachs...... 168 Thomas Palley...... 150 John Schmitt ...... 170 Bob Pollin...... 154 Sherle Schwenninger...... 176 Eric Rauchway...... 160 Anne Simpson...... 186 Sanjay Reddy...... 162 Joseph Stiglitz...... 190 John Schmitt ...... 170 Lynn Stout...... 192 Juliet Schor...... 174 Walker Todd...... 194 Sherle Schwenninger...... 176 Heidi Shierholz...... 180 Labor Force Robert Shiller...... 182 Marcellus Andrews...... 36 Joseph Stiglitz...... 190 Eileen Appelbaum...... 40 Edward Wolff...... 198 Algernon Austin...... 42 Nicole Woo ...... 200 Dean Baker...... 44 Alan Blinder...... 50 Family/Medical Leave Bob Borosage...... 54 Marcellus Andrews...... 36 Heather Boushey...... 58 Eileen Appelbaum...... 40 Samuel Bowles...... 60 Dean Baker...... 44 Timothy Canova...... 64 Bob Borosage...... 54 Tamara Draut...... 80 Heather Boushey...... 58 Arindrajit Dube...... 82 Samuel Bowles...... 60 Tom Ferguson...... 86 Tamara Draut...... 80 Nancy Folbre...... 88 Arindrajit Dube...... 82 Steve Fraser...... 90 Nancy Folbre...... 88 Richard Freeman...... 92 Steve Fraser...... 90 Teresa Ghilarducci...... 96 Richard Freeman...... 92 Jacob Hacker...... 102 Teresa Ghilarducci...... 96 Heidi Hartmann...... 104 Heidi Hartmann...... 104 Bob Herbert...... 106 Bob Herbert...... 106 Leo Hindery, Jr...... 108 Simon Johnson...... 114 Simon Johnson...... 114 Robert Johnson...... 112 Robert Johnson...... 112 Stephanie Kelton...... 122 Ethan Kaplan...... 118 Robert Kuttner...... 132 Stephanie Kelton...... 122 Lance Lindblom...... 134 Naomi Klein...... 126 Barry Lynn...... 138 Michael Konczal...... 128 Jeffrey Madrick...... 140 Jan Kregel...... 130 Heather McGhee...... 142 Robert Kuttner...... 132 Perry Mehrling...... 146 Lance Lindblom...... 134 Lawrence Mishel...... 148 Henry C.K. Liu...... 136 Bob Pollin...... 154 Barry Lynn...... 138 John Schmitt ...... 170 Jeffrey Madrick...... 140 Juliet Schor...... 174 Heather McGhee...... 142 Robert Shiller...... 182 Perry Mehrling...... 146 Joseph Stiglitz...... 190 Lawrence Mishel...... 148 24 TOPWONKS THE ECONOMY VOL. 01

Jobs Living Wage Marcellus Andrews...... 36 Marcellus Andrews...... 36 Eileen Appelbaum...... 40 Eileen Appelbaum...... 40 Algernon Austin...... 42 Dean Baker...... 44 Dean Baker...... 44 Bob Borosage...... 54 Alan Blinder...... 50 Samuel Bowles...... 60 Bob Borosage...... 54 Timothy Canova...... 64 Heather Boushey...... 58 Arindrajit Dube...... 82 Samuel Bowles...... 60 Nancy Folbre...... 88 Timothy Canova...... 64 Steve Fraser...... 90 Tamara Draut...... 80 Richard Freeman...... 92 Tom Ferguson...... 86 Teresa Ghilarducci...... 96 Nancy Folbre...... 88 Heidi Hartmann...... 104 Steve Fraser...... 90 Bob Herbert...... 106 Richard Freeman...... 92 Simon Johnson...... 114 Teresa Ghilarducci...... 96 Robert Johnson...... 112 Jacob Hacker...... 102 Ethan Kaplan...... 118 Heidi Hartmann...... 104 Stephanie Kelton...... 122 Bob Herbert...... 106 Jan Kregel...... 130 Leo Hindery, Jr...... 108 Robert Kuttner...... 132 Simon Johnson...... 114 Lance Lindblom...... 134 Robert Johnson...... 112 Henry C.K. Liu...... 136 Ethan Kaplan...... 118 Barry Lynn...... 138 Stephanie Kelton...... 122 Jeffrey Madrick...... 140 Naomi Klein...... 126 Heather McGhee...... 142 Michael Konczal...... 128 Perry Mehrling...... 146 Jan Kregel...... 130 Lawrence Mishel...... 148 Robert Kuttner...... 132 Bob Pollin...... 154 Lance Lindblom...... 134 Eric Rauchway...... 160 Barry Lynn...... 138 Sanjay Reddy...... 162 Jeffrey Madrick...... 140 John Schmitt ...... 170 Heather McGhee...... 142 Juliet Schor...... 174 Perry Mehrling...... 146 Heidi Shierholz...... 180 Lawrence Mishel...... 148 Robert Shiller...... 182 Thomas Palley...... 150 Joseph Stiglitz...... 190 Bob Pollin...... 154 Nicole Woo ...... 200 Eric Rauchway...... 160 John Schmitt ...... 170 OSHA Juliet Schor...... 174 Marcellus Andrews...... 36 Sherle Schwenninger...... 176 Eileen Appelbaum...... 40 Heidi Shierholz...... 180 Dean Baker...... 44 Robert Shiller...... 182 Samuel Bowles...... 60 Joseph Stiglitz...... 190 Nancy Folbre...... 88 Nicole Woo ...... 200 Steve Fraser...... 90 25 Richard Freeman...... 92 Bob Pollin...... 154 Teresa Ghilarducci...... 96 Eric Rauchway...... 160 Heidi Hartmann...... 104 John Schmitt ...... 170 Bob Herbert...... 106 Juliet Schor...... 174 Simon Johnson...... 114 Robert Shiller...... 182 Robert Johnson...... 112 Joseph Stiglitz...... 190 Stephanie Kelton...... 122 Edward Wolff...... 198 Robert Kuttner...... 132 Lance Lindblom...... 134 Unemployment Insurance Barry Lynn...... 138 Marcellus Andrews...... 36 Jeffrey Madrick...... 140 Eileen Appelbaum...... 40 Heather McGhee...... 142 Dean Baker...... 44 Perry Mehrling...... 146 Alan Blinder...... 50 Lawrence Mishel...... 148 Bob Borosage...... 54 Bob Pollin...... 154 Heather Boushey...... 58 John Schmitt ...... 170 Samuel Bowles...... 60 Juliet Schor...... 174 Nancy Folbre...... 88 Robert Shiller...... 182 Steve Fraser...... 90 Joseph Stiglitz...... 190 Richard Freeman...... 92 Teresa Ghilarducci...... 96 Retirement Jacob Hacker...... 102 Marcellus Andrews...... 36 Heidi Hartmann...... 104 Eileen Appelbaum...... 40 Bob Herbert...... 106 Dean Baker...... 44 Simon Johnson...... 114 Bob Borosage...... 54 Robert Johnson...... 112 Samuel Bowles...... 60 Ethan Kaplan...... 118 Tamara Draut...... 80 Stephanie Kelton...... 122 Nancy Folbre...... 88 Michael Konczal...... 128 Steve Fraser...... 90 Jan Kregel...... 130 Richard Freeman...... 92 Robert Kuttner...... 132 Teresa Ghilarducci...... 96 Lance Lindblom...... 134 Jacob Hacker...... 102 Barry Lynn...... 138 Heidi Hartmann...... 104 Jeffrey Madrick...... 140 Bob Herbert...... 106 Heather McGhee...... 142 Simon Johnson...... 114 Perry Mehrling...... 146 Robert Johnson...... 112 Lawrence Mishel...... 148 Stephanie Kelton...... 122 Bob Pollin...... 154 Robert Kuttner...... 132 Eric Rauchway...... 160 Lance Lindblom...... 134 John Schmitt ...... 170 Barry Lynn...... 138 Juliet Schor...... 174 Jeffrey Madrick...... 140 Heidi Shierholz...... 180 Heather McGhee...... 142 Robert Shiller...... 182 Perry Mehrling...... 146 Joseph Stiglitz...... 190 Lawrence Mishel...... 148 26 TOPWONKS THE ECONOMY VOL. 01

Organized Labor Cassandra Jones-Havard..... 116 Marcellus Andrews...... 36 Naomi Klein...... 126 Eileen Appelbaum...... 40 Michael Konczal...... 128 Dean Baker...... 44 Jan Kregel...... 130 Bob Borosage...... 54 Henry C.K. Liu...... 136 Samuel Bowles...... 60 Barry Lynn...... 138 Timothy Canova...... 64 Thomas Palley...... 150 Tamara Draut...... 80 Robert Prasch...... 156 Arindrajit Dube...... 82 Nomi Prins...... 158 Tom Ferguson...... 86 Eric Rauchway...... 160 Nancy Folbre...... 88 YV Reddy...... 164 Steve Fraser...... 90 Nouriel Roubini...... 166 Richard Freeman...... 92 Jeffrey Sachs...... 168 Teresa Ghilarducci...... 96 Sherle Schwenninger...... 176 Jacob Hacker...... 102 Lynn Stout...... 192 Heidi Hartmann...... 104 Walker Todd...... 194 Bob Herbert...... 106 Leo Hindery, Jr...... 108 Social Investment Simon Johnson...... 114 Marcellus Andrews...... 36 Robert Johnson...... 112 Greg Anrig...... 38 Ethan Kaplan...... 118 Dean Baker...... 44 Stephanie Kelton...... 122 Linda Bilmes...... 46 Naomi Klein...... 126 Alan Blinder...... 50 Robert Kuttner...... 132 Bob Borosage...... 54 Lance Lindblom...... 134 Heather Boushey...... 58 Barry Lynn...... 138 Samuel Bowles...... 60 Jeffrey Madrick...... 140 Timothy Canova...... 64 Heather McGhee...... 142 William Darity...... 74 Perry Mehrling...... 146 Tamara Draut...... 80 Lawrence Mishel...... 148 Arindrajit Dube...... 82 Thomas Palley...... 150 Tom Ferguson...... 86 Bob Pollin...... 154 Richard Freeman...... 92 Eric Rauchway...... 160 James Galbraith...... 94 John Schmitt ...... 170 Teresa Ghilarducci...... 96 Juliet Schor...... 174 Dan Goroff...... 98 Robert Shiller...... 182 Jacob Hacker...... 102 Joseph Stiglitz...... 190 Bob Herbert...... 106 Nicole Woo ...... 200 Leo Hindery, Jr...... 108 Arjun Jayadev ...... 110 Monetary Policy Robert Johnson...... 112 Dean Baker...... 44 Ethan Kaplan...... 118 Alan Blinder...... 50 Stephanie Kelton...... 122 Timothy Canova...... 64 Naomi Klein...... 126 Tom Ferguson...... 86 Robert Kuttner...... 132 27 Lance Lindblom...... 134 John Schmitt ...... 170 Henry C.K. Liu...... 136 Robert Shiller...... 182 Jeffrey Madrick...... 140 Joseph Stiglitz...... 190 Heather McGhee...... 142 Perry Mehrling...... 146 Perry Mehrling...... 146 Lawrence Mishel...... 148 Economic Mobility Thomas Palley...... 150 Marcellus Andrews...... 36 Eric Rauchway...... 160 Greg Anrig...... 38 Sanjay Reddy...... 162 Dean Baker...... 44 Nouriel Roubini...... 166 Alan Blinder...... 50 Mark Schmitt ...... 172 Bob Borosage...... 54 John Schmitt ...... 170 Heather Boushey...... 58 Sherle Schwenninger...... 176 Samuel Bowles...... 60 Heidi Shierholz...... 180 Timothy Canova...... 64 Robert Shiller...... 182 William Darity...... 74 Joseph Stiglitz...... 190 Tamara Draut...... 80 Lynn Stout...... 192 Richard Freeman...... 92 Edward Wolff...... 198 James Galbraith...... 94 Nicole Woo ...... 200 Teresa Ghilarducci...... 96 Jacob Hacker...... 102 Antipoverty Programs Bob Herbert...... 106 Marcellus Andrews...... 36 Arjun Jayadev ...... 110 Greg Anrig...... 38 Robert Johnson...... 112 Dean Baker...... 44 Stephanie Kelton...... 122 Bob Borosage...... 54 Robert Kuttner...... 132 Heather Boushey...... 58 Lance Lindblom...... 134 Samuel Bowles...... 60 Henry C.K. Liu...... 136 William Darity...... 74 Jeffrey Madrick...... 140 Arindrajit Dube...... 82 Heather McGhee...... 142 Richard Freeman...... 92 Perry Mehrling...... 146 James Galbraith...... 94 Lawrence Mishel...... 148 Jacob Hacker...... 102 Eric Rauchway...... 160 Bob Herbert...... 106 Sanjay Reddy...... 162 Robert Johnson...... 112 Nouriel Roubini...... 166 Stephanie Kelton...... 122 Mark Schmitt ...... 172 Robert Kuttner...... 132 John Schmitt ...... 170 Lance Lindblom...... 134 Heidi Shierholz...... 180 Henry C.K. Liu...... 136 Robert Shiller...... 182 Jeffrey Madrick...... 140 Joseph Stiglitz...... 190 Heather McGhee...... 142 Lynn Stout...... 192 Lawrence Mishel...... 148 Sanjay Reddy...... 162 Nouriel Roubini...... 166 Mark Schmitt ...... 172 28 TOPWONKS THE ECONOMY VOL. 01

Healthcare Stephanie Kelton...... 122 Marcellus Andrews...... 36 Robert Kuttner...... 132 Greg Anrig...... 38 Lance Lindblom...... 134 Dean Baker...... 44 Henry C.K. Liu...... 136 Linda Bilmes...... 46 Jeffrey Madrick...... 140 Bob Borosage...... 54 Heather McGhee...... 142 Samuel Bowles...... 60 Perry Mehrling...... 146 William Darity...... 74 Lawrence Mishel...... 148 Arindrajit Dube...... 82 Nouriel Roubini...... 166 Richard Freeman...... 92 Mark Schmitt ...... 172 James Galbraith...... 94 John Schmitt ...... 170 Teresa Ghilarducci...... 96 Robert Shiller...... 182 Jacob Hacker...... 102 Joseph Stiglitz...... 190 Bob Herbert...... 106 Robert Johnson...... 112 Middle Class Stephanie Kelton...... 122 Marcellus Andrews...... 36 Robert Kuttner...... 132 Greg Anrig...... 38 Lance Lindblom...... 134 Dean Baker...... 44 Henry C.K. Liu...... 136 Alan Blinder...... 50 Jeffrey Madrick...... 140 Bob Borosage...... 54 Heather McGhee...... 142 Heather Boushey...... 58 Perry Mehrling...... 146 Samuel Bowles...... 60 Lawrence Mishel...... 148 Timothy Canova...... 64 Sanjay Reddy...... 162 William Darity...... 74 Nouriel Roubini...... 166 Tamara Draut...... 80 Mark Schmitt ...... 172 Arindrajit Dube...... 82 John Schmitt ...... 170 Richard Freeman...... 92 Robert Shiller...... 182 James Galbraith...... 94 Joseph Stiglitz...... 190 Teresa Ghilarducci...... 96 Jacob Hacker...... 102 Medicare/Medicaid Bob Herbert...... 106 Marcellus Andrews...... 36 Leo Hindery, Jr...... 108 Greg Anrig...... 38 Arjun Jayadev ...... 110 Dean Baker...... 44 Robert Johnson...... 112 Linda Bilmes...... 46 Ethan Kaplan...... 118 Bob Borosage...... 54 Stephanie Kelton...... 122 Samuel Bowles...... 60 Robert Kuttner...... 132 William Darity...... 74 Lance Lindblom...... 134 Richard Freeman...... 92 Henry C.K. Liu...... 136 James Galbraith...... 94 Jeffrey Madrick...... 140 Teresa Ghilarducci...... 96 Heather McGhee...... 142 Jacob Hacker...... 102 Perry Mehrling...... 146 Bob Herbert...... 106 Lawrence Mishel...... 148 Robert Johnson...... 112 Sanjay Reddy...... 162 29 Nouriel Roubini...... 166 US Infrastructure Mark Schmitt ...... 172 Marcellus Andrews...... 36 John Schmitt ...... 170 Greg Anrig...... 38 Sherle Schwenninger...... 176 Dean Baker...... 44 Robert Shiller...... 182 Linda Bilmes...... 46 Joseph Stiglitz...... 190 Bob Borosage...... 54 Lynn Stout...... 192 Samuel Bowles...... 60 Edward Wolff...... 198 Timothy Canova...... 64 William Darity...... 74 Social Security Tamara Draut...... 80 Marcellus Andrews...... 36 Tom Ferguson...... 86 Greg Anrig...... 38 Richard Freeman...... 92 Dean Baker...... 44 James Galbraith...... 94 Linda Bilmes...... 46 Bob Herbert...... 106 Alan Blinder...... 50 Leo Hindery, Jr...... 108 Bob Borosage...... 54 Robert Johnson...... 112 Samuel Bowles...... 60 Stephanie Kelton...... 122 William Darity...... 74 Naomi Klein...... 126 Tom Ferguson...... 86 Robert Kuttner...... 132 Richard Freeman...... 92 Lance Lindblom...... 134 James Galbraith...... 94 Henry C.K. Liu...... 136 Teresa Ghilarducci...... 96 Jeffrey Madrick...... 140 Jacob Hacker...... 102 Heather McGhee...... 142 Bob Herbert...... 106 Perry Mehrling...... 146 Robert Johnson...... 112 Lawrence Mishel...... 148 Stephanie Kelton...... 122 Eric Rauchway...... 160 Robert Kuttner...... 132 Nouriel Roubini...... 166 Lance Lindblom...... 134 Mark Schmitt ...... 172 Henry C.K. Liu...... 136 John Schmitt ...... 170 Jeffrey Madrick...... 140 Sherle Schwenninger...... 176 Heather McGhee...... 142 Robert Shiller...... 182 Perry Mehrling...... 146 Joseph Stiglitz...... 190 Lawrence Mishel...... 148 Lynn Stout...... 192 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 Edward Wolff...... 198 Nicole Woo ...... 200 30 TOPWONKS THE ECONOMY VOL. 01

Welfare Workforce Development Marcellus Andrews...... 36 Marcellus Andrews...... 36 Greg Anrig...... 38 Greg Anrig...... 38 Dean Baker...... 44 Dean Baker...... 44 Bob Borosage...... 54 Bob Borosage...... 54 Samuel Bowles...... 60 Samuel Bowles...... 60 William Darity...... 74 Timothy Canova...... 64 Richard Freeman...... 92 William Darity...... 74 James Galbraith...... 94 Richard Freeman...... 92 Teresa Ghilarducci...... 96 James Galbraith...... 94 Jacob Hacker...... 102 Teresa Ghilarducci...... 96 Bob Herbert...... 106 Dan Goroff...... 98 Arjun Jayadev ...... 110 Bob Herbert...... 106 Robert Johnson...... 112 Robert Johnson...... 112 Stephanie Kelton...... 122 Stephanie Kelton...... 122 Robert Kuttner...... 132 Robert Kuttner...... 132 Lance Lindblom...... 134 Lance Lindblom...... 134 Henry C.K. Liu...... 136 Henry C.K. Liu...... 136 Jeffrey Madrick...... 140 Jeffrey Madrick...... 140 Heather McGhee...... 142 Heather McGhee...... 142 Perry Mehrling...... 146 Perry Mehrling...... 146 Lawrence Mishel...... 148 Lawrence Mishel...... 148 Sanjay Reddy...... 162 Nouriel Roubini...... 166 Nouriel Roubini...... 166 Mark Schmitt ...... 172 Mark Schmitt ...... 172 John Schmitt ...... 170 John Schmitt ...... 170 Heidi Shierholz...... 180 Robert Shiller...... 182 Robert Shiller...... 182 Joseph Stiglitz...... 190 Joseph Stiglitz...... 190 Lynn Stout...... 192

TOPWONKS Your guide to the country’s best thinkerS Sarah Anderson Director Global Economy Project Institute for Policy Studies

Institute for Policy Studies [email protected] 1112 16th Street NW (202) 234-9382 Suite 600 Washington, DC 20036

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 board member of Jubilee USA Network and a co-author of the books Field Guide to the Global Economy (New Press, 2nd edition, 2005) and

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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 M.A., International Affairs, The American University

35 Marcellus Andrews

Professor of Economics Columbia University

Barnard College [email protected] Economics Department (212) 854-3790 005 Lehman Hall 3009 Broadway New York, NY 10027

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).

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ISSUES 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 B.S. & B.A., Wharton School of University of Pennsylvania

37 Greg Anrig

Vice President Policy and Programs The Century Foundation

The Century Foundation [email protected] 41 East 70th Street (212) 452-7724 New York, NY 10021

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

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TPMCafe and Guardian Unlimited. Previously, he was a staff writer and Washington correspondent for Money magazine.

ExperiencE • Staff Writer and Washington Correspondent, Money Magazine

Education M.P.A., Kennedy School of Government, Harvard University B.S., Journalism, Northwestern University

39 Eileen Appelbaum

Senior Economist Center for Economic and Policy Research

Center for Economic and [email protected] Policy Research (202) 293-5380 1611 Connecticut Ave NW Suite 400 Washington, DC 20009

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.

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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 Ph.D., Economics, University of Pennsylvania

41 Algernon Austin

Director Race, Ethnicity, and Economy Program Economic Policy Institute

epi.org/people/algernon- [email protected] austin/ (202) 775-8810 Economic Policy Institute 1333 H Street NW Suite 300, East Tower Washington, DC 20005-4707

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.

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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

43 Dean Baker

Co-Director Center for Economic and Policy Research

Center for Economic [email protected] and Policy Research (202) 293-5380 1611 Connecticut Avenue NW Suite 400 Washington, DC 20009

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

44 TOPWONKS THE ECONOMY VOL. 01 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.

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

45 Linda Bilmes Senior Lecturer in Public Policy Harvard Kennedy School of Government Advisory Board Member National Parks Advisory

John F. Kennedy School [email protected] of Government (617) 495-4753 Mailbox 82, 79 JFK Street Cambridge, MA 02138 Assistant: Julie DeBenedictis (617) 495-8660

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 leading national expert on financial and budgetary issues.

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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

47 William Black

Associate Professor of Economics and Law University of Missouri, Kansas City

University of [email protected] Missouri-Kansas City (650) 743-8835 School of Law 500 East 52nd Street Kansas City, MO 64110

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.” Black developed the concept of “control fraud” – frauds in which the

48 TOPWONKS THE ECONOMY VOL. 01 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 A.B., Economics with Honors, University of Michigan, 1973

49 Alan S. Blinder

Professor of Economics and Public Affairs Princeton University Vice Chairman Promontory Interfinancial Network Columnist The Wall Street Journal

princeton.edu/blinder/ Top Wonks Press Department Princeton University [email protected] Center for Economic (212) 481-8304 Policy Studies Department of Economics 105 Fisher Hall Princeton, NJ 08544-1021

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.

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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 A.B., Economics, Princeton University, 1967

51 Brooksley Born

Retired Partner Arnold & Porter LLP

Arnold & Porter LLP Top Wonks Press Department 555 Twelfth Street NW [email protected] Washington, DC 20004 (212) 481-8304

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

52 TOPWONKS THE ECONOMY VOL. 01 strongly advocated the need for federal regulation of the over- the-counter derivatives market. That unregulated market played a significant role in the recent financial crisis. She served as a Commissioner on the U.S. Financial Crisis Inquiry Commission from 2009 until early 2011, when the Commission issued its report on the causes of the 2007-2008 financial crisis and resulting economic crisis. Ms. Born has championed women’s rights, civil rights and the rights of the indigent. She currently chairs the board of the National Women’s Law Center which she helped to found and has served on the boards of a number of other public interest legal organizations. She has served on the boards of the American Bar Association, the American Bar Foundation and ALI-ABA and has chaired a number of ABA entities including the Section of Individual Rights and Responsibilities, the Women’s Caucus, and the Standing Committee on Federal Judiciary

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

ExperiencE • Commissioner, Financial Crisis Inquiry Commission, 2001-2009 • Chair, US Commodity Futures Trading Commission, 1996-1999 • Member, Arnold and Porter LLP, Policy Committee • Chair, Arnold and Porter LLP, Pro Bono Committee and Associates Evaluation Committee • President’s Working Group on Financial Markets, US Commodity Futures Trading Commission • Technical Committee of the International Organization of Securities Commission, US Commodity Futures Trading Commission, 1996-1999

Education J.D., Stanford Law School, 1964 A.B., Stanford University, 1961

53 Robert Borosage

Founder and President Institute for America’s Future Co-Director Campaign for America’s Future

Campaign for America’s [email protected] Future (202) 955-5665 1825 K Street, NW, Suite 400 Washington, DC 20006

Bio Robert L. Borosage is the Founder and President of the Institute for America’s Future and Co-Director of its sister organization, the Campaign for America’s Future. The organizations were launched by 100 prominent Americans to develop policies, message and issue campaigns to help forge an enduring majority for progressive change in America. Mr. Borosage writes widely on political, economic and national security issues. He is a contributing editor at The Nation magazine, and a regular blogger on the Huffington Post. His articles have appeared in The American Prospect, the Washington Post, the New York Times and the Philadelphia Inquirer. He edits the Campaign’s Making Sense issues guides, and is co-editor of Taking Back America

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(with Katrina Vanden Heuvel) and The Next Agenda (with Roger Hickey).

ExperiencE • Co-Founder and Chair, ProgressiveCongress.org • Founder and Chair, Progressive Majority • Board Member, Institute for Policy Studies • Board Member, Blue Green Alliance • Contributing Editor, The Nation Magazine • Adjunct Professor, National Security Law, American University Washington School of Law until 2004 • Senior Issues Advisor, Presidential Campaign of the Reverend Jesse Jackson, 1988

Education J.D., Yale Law School M.A., International Affairs, George Washington University B.A., Michigan State University

55 James Bothwell

President and Founder Bothwell Financial Market and Regulatory Strategies LLC

Washington, DC [email protected] (703) 851-5353

Bio James Bothwell is the President and Founder of Bothwell Financial Market and Regulatory Strategies LLC. From 2009 - 2011, Bothwell was a member of the Financial Accounting Standards Advisory Council at Financial Accounting Standards Boards. Between 1997- 2002, Bothwell served as Managing Director and Chief Operating Officer at Federal Housing Finance Board. Bothwell served as Chief Economist and Director of Financial Institutions & Markets Issues at U.S. General Accounting Office for 20 years, from 1977-1997. Bothwell completed both his bachelor and doctorate degrees in Economics at the University of California Berkeley.

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ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bonuses , Bank Bail Out, Too Big To Fail, Fannie/Freddie, Financial Markets , Housing Market Collapse, Ratings Agencies, Securitization Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Austerity, Capitalism The Federal Reserve

Additional ISSUES Economic Analysis, Financial Regulation, Financial Derivatives and Regulation, International and Domestic Accounting Standards, International Financial Market Development, Mortgage Finance

ExperiencE • Member, Financial Accounting Standards Advisory Council, Financial Accounting Standards Board, 2009 - 2011 • Managing Director and Chief Operating Officer, Federal Housing Finance Board, 1997-2002 • Chief Economist & Director, Financial Institutions & Markets Issues, U.S. General Accounting Office, 1977-1997 • Visiting Professor, Duke University, 1980-1981 • Visiting Professor, Tufts University, 1975-1977 education Ph.D., Economics, University of California Berkeley B.A., Economics, University of California Berkeley

57 Heather Boushey

Senior Economist Center for American Progress

Center for hboushey@ American Progress americanprogress.org 1333 H Street NW (202) 682 -1611 10th Floor Washington, DC 20005

Bio Heather Boushey is Senior Economist at American Progress. Her research focuses on employment, social policy, and family economic well-being. Much of her current work focuses on the Great Recession’s impact on workers and their families, as well as policies to promote job creation. She co-edited The Shriver Report: A Woman’s Nation Changes Everything (Simon & Schuster ebook, 2009) and was a lead author of “Bridging the Gaps,” a 10-state study about how low- and moderate-income working families are left out of work support programs. Her research has been published in academic journals and has been covered in The Washington Post, Newsweek, and a variety of other media outlets, including The New York Times, where she was called one of the “most vibrant voices in the field.” She spearheaded a successful campaign to save the Census Bureau’s

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Survey of Income and Program Participation from devastating budget cuts. While at the Economic Policy Institute, Boushey was a co-author of their flagship publication, The State of Working America 2002/3. She grew up in a union family in Mukilteo, Washington, and now lives with her husband, Todd Tucker, in Washington, DC.

ISSUES Budget & Tax Policy: Federal Budget, Payroll Taxes Economic Theory: Austerity, Capitalism, Economy and Race, Service Economy Labor Force: Family/Medical Leave, Jobs, Unemployment Insurance Social Investment: Anti-Poverty Programs, Economic Mobility, Middle Class

ExperiencE • Economist, Joint Economic Committee of the US Congress • Economist, Center for Economic and Policy Research • Economist, Economic Policy Institute

Education Ph.D., Economics, New School for Social Research B.A., Hampshire College

59 Samuel Bowles

Research Professor Santa Fe Institute Director Behavioral Sciences Program

Santa Fe Institute [email protected] 1399 Hyde Park Rd (505) 984-8800 Ext 2792 Santa Fe, NM 87501

Bio Samuel Bowles is a Research Professor at the Santa Fe Institute where he heads the Behavioral Sciences Program. He is Professor of Economics at the University of Siena. He taught economics at Harvard from 1965 to 1973 and at the University of Massachusetts since then. His recent studies on cultural evolution have challenged the conventional economic assumption that people are motivated entirely by self-interest. These have included the mathematical modeling and agent-based computer simulations of the evolution of altruistic behaviors by means of multi-level selection, a costly-signaling model of the evolution of pro-social behaviors, and behavioral experiments in 15 hunter-gather and other small-scale societies.

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Bowles’ current research includes both theoretical and empirical studies of the role of incomplete contracts in labor markets and financial markets in explaining income inequality. Related topics on which he has recently published are: globalization and its impact on public policies to enhance economic security and alleviate poverty, personality as a determinant of labor market success, and the role of culture, genes, and schooling in intergenerational transmission of economic status. He is co-editor of four forthcoming books on these subjects, all based on interdisciplinary research workshops he organized at the Santa Fe Institute. He has served as an economic advisor to the governments of South Africa and Greece, to presidential candidates Robert F. Kennedy and Jesse Jackson, and to the World Bank and the International Labor Organization. His major work, A Cooperative Species: Human reciprocity and its evolution, was co-authored with Herbert Gintis and completed in 2006. Drawing on their recent research on cultural and genetic evolution and his empirical studies of behavior in smallscale societies, this work will seek to explain why humans, unlike other animals, engage in extensive forms of cooperation among large numbers of unrelated individuals.

ISSUES 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 Globalization: Developing Economies, International Competition, Trade

Education Ph.D., Economics, Harvard University, 1965 B.A., Yale University, 1960

61 James K. Boyce

Director Program on Development, Peace Building, and the Environment Political Economy Research Institute, University of Massachusetts Amherst Professor of Economics University of Massachusetts Amherst

University of Massachusetts [email protected] Department of Economics (413) 577-0816 Thompson Hall Amherst, MA 01003

Bio James K. Boyce is a professor of economics at the University of Massachusetts, Amherst, where he directs the program on development, peacebuilding, and the environment at the Political Economy Research Institute. His books include Africa’s Odious Debts (Zed, 2011), Reclaiming Nature (Anthem Press, 2007), and Investing in Peace (Oxford University Press, 2002). He is a founder of Econ4: Economics for People, the Planet, and the Future and a founding member of the steering committee of the E3 Network: Economics for Equity and the Environment. He was the 2011 recipient of the Fair Sharing of the Common Heritage Award.

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ISSUES Globalization: Developing Economies, International Competition, Trade education D.Phil., Oxford University, 1985 M.A., Oxford University, 1985 B.A. with Honors, Yale University, 1973

63 Timothy Canova Professor International Economic Law Chapman University School of Law, Orange, California

Chapman University [email protected] School of Law (714) 628-2640 One University Drive Orange, California 92866

Bio Timothy Canova Canova’s research crosses the disciplines of law, public finance, economics, and history. He was an early critic of financial deregulation and warned of the dangers of the bubble economy. He has authored more than two dozen articles and book chapters, including articles in the Harvard Law & Policy Review, American Journal of Economics and Sociology, Brooklyn Law Review, Georgetown Journal of Law & Public Policy, and UC Davis Law Review. Canova teaches Corporations, Regulation of Financial Institutions, and a variety of courses in areas of international economic law. He has previously taught at the University of Miami School of Law, the University of Arizona College of Law, and the University of New Mexico School of Law where he was first granted tenure.

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ISSUES Banking & Finance: Bank Bail Out, Too Big To Fail, Financial Markets, Ratings Agencies Budget & Tax Policy: Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Privatization Business: Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Austerity, Capitalism, Economy and Race, Keynes v. Friedman The Federal Reserve Globalization: Developing Countries, International Competition, Trade Labor Force: Jobs, Living Wage, Unions Monetary Policy Social Investment: Economic Mobility, Middle Class, US Infrastructure, Workforce Development experience • Professor of Law, University of New Mexico School of Law, 2003-2004 • Visiting Professor of Law, University of Arizona, 2003-2004 • Associate Professor of Law, University of New Mexico School of Law, 2001-2003 • Assistant Professor of Law, University of New Mexico School of Law, 1998-2001 • Executive Director, National Jobs for All Coalition,1995 • Associate, Mudge Rose Guthrie Alexander & Ferdon, 1992-1994 • Associate, Gibson Dunn & Crutcher, 1989-1991 • Summer Associate, Dewey, Ballantine, Bushby, Palmer & Wood, 1987

Education M.A., International & Comparative Law, University of Stockholm Faculty of Law, 1989 J.D. cum laude, Georgetown University Law Center, 1988 B.A., Franklin & Marshall College, Government & Economics, 1982

65 Gerard Caprio

Professor of Economics Williams College Chair Center for Development Economics, Williams College

Williams College [email protected] Department of Economics (413) 597-2465 24 Hopkins Hall Drive Williamstown, MA 01267

Bio Gerard Caprio is the William Brough Professor of Economics and Chair of the Center for Development Economics at Williams College. Dr. Caprio is an alumnus of Williams College, having received his undergraduate degree in economics with honors in 1972. He then went on to complete his Ph.D. in economics at the University of Michigan (Ann Arbor) in 1976. Prior to joining the faculty of his alma mater, Dr. Caprio worked at the World Bank for seventeen years. His most recent work The Guardians of Finance: Making Regulators Work for Us was published by MIT Press in February of 2012 and argues that our regulators do not work for the public interest but rather the economic elite.

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ADDITIONAL ISSUES Financial History

ExperiencE • Research Fellow, Center for Applied Macroeconomic Analysis, Finance and Macroeconomy Program • Professor and Fulbright Scholar, Trinity College, Dublin, Fall 2009 • The World Bank, 1988 - 2005 Director, Operations and Policy Department, Financial Sector Vice Presidency. Previously, jointly held the above and served as Head, Financial Sector Research, Development Research Group, 1998- 2003, Lead Economist, 1995-1997; Principal Financial Economist, 1993-1995, and Senior Financial Economist, Policy Research Department, 1988-92 • Vice President and Head, Global Economics Unit, Morgan Guaranty Trust Company, 1988 • Vice President and International Economist, Morgan Guaranty Trust Company, August 1985 - December 1987 • Economist, Division of International Finance, Board of Governors of the Federal Reserve System, 1977 - 1985 • Visiting Adjunct Professor, The George Washington University, 1980- 83 • Economist, Economic Professionals Program, International Monetary Fund, 1976-77

Education Ph.D., Economics, University of Michigan Ann Arbor, 1976 M.A., Economics, University of Michigan Ann Arbor, 1974 B.A. cum laude, Economics, Williams College, 1972

67 Jim Chanos

President and Founder Kynikos Associates Chairman Coalition of Private Investment Companies President Board of Trustees of the Browning School Lecturer in Finance Yale School of Management

Kynikos Associates LP [email protected] 20 West 55th Street (212) 649-0202 New York, NY 10019

Bio Jim Chanos is the Founder and Managing Partner of Kynikos Associates. As the largest exclusive short selling investment firm, Kynikos provides investment management services for domestic and offshore clients. Mr. Chanos opened Kynikos Associates in 1985 to implement investment strategies he had uncovered while beginning his Wall Street career as a financial analyst with Paine Webber, Gilford Securities, and Deutsche Bank. Throughout his investment career, Mr. Chanos has identified and short-sold the shares of numerous well-known corporate financial disasters; among them, Baldwin-United, Commodore International, Coleco, Integrated Resources, Boston Chicken, Sunbeam, Conseco, and Tyco International. His celebrated short-sale of Enron shares was dubbed by Barron’s as “the market call of the decade, if not the past

68 TOPWONKS THE ECONOMY VOL. 01 fifty years.” The media has noted Mr. Chanos’ prescience in alerting finance ministers and others about the global financial crisis well before it occurred. His views on the lessons from the crisis, capital markets regulation, and investment strategies, among other topics, are regularly covered by news organizations worldwide. Mr. Chanos is Chairman of the Coalition of Private Investment Companies, whose members are diverse in their size and investment strategies. The members’ clients include pension funds, asset managers, foundations, other institutional investors, and qualified wealthy individuals. In that role, Mr. Chanos has testified before Congress and provided comments to regulations proposed by the U.S. Securities and Exchange Commission and the Financial Services Authority in the United Kingdom. At the Yale University School of Management, Mr. Chanos is a Visiting Lecturer in Finance, teaching a class on the history of financial fraud.

ISSUES Banking & Finance: Bank Bail Out, Too Big To Fail, Financial Markets, Ratings Agencies, Securitization Economic Theory: Capitalism additional iSSUES Accounting

ExperiencE • Financial Analyst at Paine Webber, Gilford Securities, and Deutsche Bank education B.A., Economics and Political Science, Yale University, 1980

69 Diane Coyle

Managing Director Enlightenment Economics Vice Chairman BBC Trust, Governing Body of the British Broadcasting Corporation Visiting Professor University of Manchester

London, UK diane@ enlightenmenteconomics. com

Bio Economist and author Diane Coyle runs the consultancy Enlightenment Economics. She is Vice Chair of the BBC Trust. She is a member of the Migration Advisory Committee, was a member of the Browne Review of higher education funding, and was on the Competition Commission for eight years. Diane is a visiting professor at the University of Manchester. Diane is the author of several bestselling books: The Economics of Enough (March 2011, Princeton University Press) and The Soulful Science (Princeton University Press 2007), Her first book was The Weightless World (1996), one of the very first books to identify the impact of new technologies on the economy and society.

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Others include Sex, Drugs and Economics (2002), Paradoxes of Prosperity (2001), and Governing the World Economy (2000), all translated into many languages. She has published numerous book chapters, reports and articles, and was formerly a regular presenter on BBC Radio 4’s Analysis. Diane was awarded an OBE in January 2009.

ISSUES 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 Globalization: Developing Economies, International Competition, Trade

ExperiencE • Economics Editor, The Independent • Economist, UK Treasury, 1985-1986 • European Editor, Investors Chronicle, 1993-2001 • Member, Migration Advisory Committee • Member, Browne Review of Higher Education Funding • Member, Competition Commission

Education Ph.D., Economics, Harvard University, 1985 M.A., Economics, Harvard University, 1983 B.A. with Honors, Philosophy, Politics and Economics, Brasenose College, Oxford, 1981

71 James Crotty

Professor Emeritus of Economics University of Massachusetts Amherst

University of [email protected] Massachusetts Amherst (413) 545-2590 Economics Department Thompson Hall Amherst, MA 01003

Bio Professor Crotty is a macro economist with broad interests whose research in theory and policy attempts to integrate the complementary analytical strengths of the Marxian and Keynesian traditions. His writings have appeared in such diverse journals as the American Economic Review, the Quarterly Journal of Economics, the Cambridge Journal of Economics, the Review of Radical Economics, Monthly Review, the Journal of Post Keynesian Economics, and the Journal of Economic Issues, and in many edited collections. His research interests include: economic methodology; the implications of radical uncertainty for macro theory and policy; theories of financial markets and their implications for understanding financial booms and crises; Marxian and Keynesian perspectives on investment theory; the structure and performance of the global

72 TOPWONKS THE ECONOMY VOL. 01 neoliberal economy; theories of competition and their impact on theories of macro dynamics; the financialization of the nonfinancial firm; and the political economy of South Korea.

ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bonuses , Bank Bail Out, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy Globalization: Developing Economies, International Competition, Trade

Additional ISSUES Macro-Economic Theory and Policy; Marxian Theory; Keynes’s Theory and Post-Keynesian Theory; Investment Theory; Economic Methodology ; The Global Economy ; Financial Markets, Financialization and Financial Crises ; Political Economy of South Korea

ExperiencE • Professor, University of Mass., June 1, 1984 - May 2007 • Associate Professor, University of Mass., June 1, 1977 - May 31, 1984 • Department Chair, June 1, 1981 - May 31, 1984 • Assistant Professor, University of Mass., June 1, 1974 - May 31, 1977 • Assistant Professor, Bucknell University, June 1, 1972 - May 31, 1974 • Assistant Professor, State University of New York at Buffalo, June 1, 1966 - May 31, 1972 • Economist and Operations Research Analyst, Mellon National Bank and Trust Company, Feb. 1, 1963 - May 31, 1966. education Ph.D., Economics, Carnegie Mellon University, 1973 M.S., Economics, Carnegie Mellon University, 1963 B.S., Fordham University, 1961

73 William Darity Professor of Public Policy Duke University Professor of African and African-American Studies and Economics Duke University

Duke University [email protected] 238 Sanford Building (919) 613-7336 Durham, NC 27708

Bio William A. Darity Jr. served as director of the Institute of African American Research, director of the Moore Undergraduate Research Apprenticeship Program, director of the Undergraduate Honors Program in economics, and director of Graduate Studies at the University of North Carolina. Darity’s research focuses on inequality by race, class and ethnicity, stratification economics, schooling and the racial achievement gap, North-South theories of trade and development, skin shade and labor market outcomes, the economics of reparations, the Atlantic slave trade and the Industrial Revolution, doctrinal history and the social psychological effects of unemployment exposure.

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He was a fellow at the National Humanities Center (1989-90) and a visiting scholar at the Federal Reserve’s Board of Governors (1984). He is a past president of the National Economic Association and the Southern Economic Association. He has taught at Grinnell College, the University of Maryland at College Park, the University of Texas at Austin, Simmons College and Claremont-McKenna College. He is Editor in Chief of new edition of the International Encyclopedia of the Social Sciences, (Macmillan Reference, 2008.) His most recent books are Economics, Economists, and Expectations: Microfoundations to Macroapplications (2004) (co-authored with Warren Young and Robert Leeson) and a volume co-edited with Ashwini Deshpande titled Boundaries of Clan and Color: Transnational Comparisons of Inter-Group Disparity (2003) both published by Routledge. He has published or edited 10 books and more than 125 articles in professional journals.

ISSUES Economic Theory: Economy and Race, Keynes v. Friedman Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development experience • President, National Economic Association • President, Southern Economic Association • Director, Institute of African American Research, University of North Carolina • Director, Moore Undergraduate Research Apprenticeship Program, University of North Carolina • Director, Undergraduate Honors Program in Economics, University of North Carolina\ Director, Graduate Studies, University of North Carolina • Fellow, National Humanities Center • Visiting Scholar, Federal Reserve, Board of Governors

Education Ph.D., M.I.T., 1978

75 Kemal Dervis

Vice President and Director Global Economy and Development Brookings Institution

Brookings Institution [email protected] 1775 Massachusetts Ave. NW (202) 797-6105 Washington, DC 20036 Media Contact: Annick Ducher [email protected]

Bio Kemal Dervis is vice president and director of the Global Economy and Development Program at the Brookings Institution. Until February 2009, he was the executive head of the United Nations Development Programme and chair of the United Nations Development Group, a committee consisting of the heads of all UN funds, programs and departments working on development issues at the country level. In 2001-2002, as minister of economic affairs and the treasury of Turkey, Dervis was responsible for launching Turkey’s successful recovery from a devastating financial crisis. Dervis is a member of the Board of Overseers of Sabanci University in Istanbul contributing to the work of that university, particularly on European and regional issues. He chairs the International Advisory Board of Akbank.

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Prior to his tenure as minister of economic affairs, Dervis had a 22- year career at the World Bank. At the World Bank he managed work on the transition of Eastern Europe after the fall of the Berlin Wall, trade and financial sector policies in emerging markets, and the reconstruction of Bosnia. Dervis was a member of the Turkish Parliament representing his native city of Istanbul from the end of 2002 to the summer of 2005. During that period Dervis was one of the two Turkish representatives to the Convention of the Future of Europe. Since then he has participated in various international and European task forces and networks such as the Global Progressive Forum, the Progressive Governance Network, the Task Force on Global Public Goods, and the Commission on Growth and Development.

ISSUES Economic Theory: Austerity, Capitalism Globalization: Developing Economies, International Competition, Trade

ExperiencE • Head of United Nations Development Program, 2005-2009 • Member of the Turkish Parliament, 2002-2005 • Minister of Economic Affairs, Republic of Turkey, 2001-2002 • Vice President for Poverty Reduction and Economic Management, 2000 • Vice President for the Middle East and North Africa, World Bank, 1996 • Division Chief, Industrial and Trade Strategy, World Bank • Director, Central Europe Department, World Bank • Vice President, Middle East and North Africa Region, World Bank • Vice President, Poverty Reduction and Economic Management, World Bank

Education Ph.D., Princeton University, 1973 M.Sc., London School of Economics, 1970 B.Sc., Economics, London School of Economics, 1968

77 Randall Dodd Financial Analyst Department of Treasury

International Monetary Fund [email protected] 700 19th Street, N.W. (202) 486-3131 Washington, DC 20431

Bio Randall Dodd founded and served as the Director for the Financial Policy Forum in Washington, DC. The Financial Policy Forum was created to improve the public policy debate over financial and economic policy by conducting research into financial markets, their impact on the economy and the proper level of regulation and taxation of those markets. He received a Ph.D. in Economics from Columbia University, where he specialized in international trade and finance. He has taught at both Columbia and Johns Hopkins Universities. He was the economic advisor for Congressman Dave Obey and Legislative Director for Congressman Joe Kennedy.

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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

ADDITIONAL ISSUES Derivatives, Repurchase Agreements experience • Senior Financial Sector Expert, Monetary & Capital Markets Department, IMF • Director, Financial Policy Forum

Education Ph.D., Economics: International Trade & Finance, Columbia University

79 Tamara Draut

Vice President Policy & Programs Demos

Demos [email protected] 220 Fifth Avenue, 2nd Floor (212) 389-1402 New York, New York 10001

Bio As Vice President of Policy and Programs, Tamara Draut oversees the development and strategic direction of the organization’s core programs and communications, working closely with the President to expand Demos’ impact, influence and capacity. Previously, she served for seven years as the Director of the Economic Opportunity Program at Demos. She is the author of Strapped: Why America’s 20- and 30-Somethings Can’t Get Ahead published by Doubleday in 2006. Her research and writing focuses on the growing economic insecurity, rising indebtedness, and declining opportunity that now characterize American society. Draut’s research has been covered by dozens of newspapers and magazines including The New York Times, Washington Post, Newsweek,

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BusinessWeek, Chicago Tribune, Wall Street Journal and USA Today. Her writing has appeared in The San Francisco Chronicle, The American Prospect, The Boston Globe and The Boston Review. She is a frequent television commentator and has appeared on the Colbert Report, Today Show, ABC World News Tonight, CNN’s Lou Dobbs Tonight and Fox News.

ISSUES Banking & Finance: Too Big To Fail Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, National Debt, Payroll Taxes, Social Insurance Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy Labor Force: Family/Medical leave, Jobs, Retirement, Unions Social Investment: Economic Mobility, Middle Class, US Infrastructure experience • Director, Economic Opportunity Program, Demos education M.P.A. in Public Policy, School of International and Public Affairs, Columbia University, 2001 B.S.J., Ohio University, 1993

81 Arindrajit Dube

Assistant Professor Department of Economics University of Massachusetts Amherst

Department of Economics [email protected] 1030 Thompson Hall (413) 545-2012 University of Massachusetts Amherst Amherst, MA 01003

Bio Arindrajit Dube is a labor economist by training, and focuses on labor, health, other applied micro topics, as well as empirical political economy. Dube received his B.A. in Economics and M.A. in Development Policy from Stanford University, and his Ph.D. in Economics from the University of Chicago. Prior to joining UMass, Dube held a Research Economist position at the Institute for Research on Labor and Employment at University of California, Berkeley. Dube is currently a Research Fellow at the Institute for the Study of Labor.

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ISSUES Banking & Finance: Bank Bonuses Labor Force: Family/Medical Leave, Living Wage, Unions Social Investment: Anti-Poverty Programs, Healthcare, Middle Class

ExperiencE • Research Economist, Institute for Research on Labor and Employment, University of California Berkeley, 2004 – Present

Education Post-Doctoral Fellow, UC Institute of Labor and Employment, University of California Berkeley, 2003-2004 Ph.D., Department of Economics, University of Chicago, 2003 M.A., Food Research Institute, Stanford University, 1996 (Co-terminal masters program on International Development Policy) B.A. with Honors and Distinction, Department of Economics, Stanford University, 1996

83 Stuart Ewen

Distinguished Professor Department of Film and Media Studies Hunter College Distinguished Professor Programs in History and Sociology The Graduate School and University Center, City University of New York

Hunter College - CUNY [email protected] North Building (212) 722-4950 695 Park Ave N501C New York, NY 10065

Bio Stuart Ewen is a professor in the Department of Film and Media Studies at Hunter College, CUNY and at the Graduate Center, CUNY in the Ph.D. Programs in History and Sociology. He is the author of influential books on the history of consumer society, visual culture, propaganda and modernity, including PR! A Social History of Spin, All Consuming Images: On the Politics of Style in Contemporary Culture, Captains of Consciousness: Advertising and the Social Roots of the Consumer Culture and, with Elizabeth Ewen, Channels of Desire: Mass Images and the Shaping of American Consciousness, and Typecasting: On the Arts and Sciences of Human Inequality. Under a nom de plume, Archie Bishop, he has worked as a photographer, pamphleteer, graphic artist, multimedia prankster,

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and political situationist for more than thirty years. Bishop’s artwork was part of an international traveling exhibit, “Toxic Landscapes,” sponsored by the Puffin Foundation, and was recently featured in “Tactical Action,” a group exhibit at the Gigantic ArtSpace (GAS), 59 Franklin Street (Broadway/Lafayette), from April to June, 2004.

additional ISSUES Advertising, Consumer Culture, Consumptionism, Marketing, Public Relations and Propaganda, Visual Persuasion experience • Worked as a photographer, pamphleteer, graphic artist, multimedia campaigner, and political situationist education Ph.D., History, SUNY at Albany

85 Tom Ferguson

Professor of Political Science University of Massachusetts Boston Senior Fellow The Roosevelt Institute Contributing Editor Alternet

University of Massachusetts [email protected] Wheatley Hall, 5th Floor (617) 287-6928 100 William T Morrissey Blvd Boston, MA 02125

Bio Thomas Ferguson is a Professor of Political Science at the University of Massachusetts in Boston and a Senior Fellow of the Roosevelt Institute. He received his Ph.D. from Princeton University and taught formerly at MIT and the University of Texas, Austin. He is the author/ coauthor of several books, including Golden Rule (University of Chicago Press, 1995) and Right Turn (Hill & Wang, 1986). His articles have appeared in many scholarly journals, including the Quarterly Journal of Economics, International Organization, International Studies Quarterly, and the Journal of Economic History. He is a long time Contributing Editor to The Nation and a member of the editorial boards of the Journal of the Historical Society and the International Journal of Political Economy. He serves on the Advisory Board of the Institute for New Economic Thinking.

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ISSUES Banking & Finance: Anti-trust Regulation, Bank Bailouts, Too Big To Fail Budget & Tax Policy: Discretionary Spending, Economic Growth, National Debt, State and Local Budgets The Federal Reserve Labor: Full Employment, Unions Monetary Policy Social Investment: Social Security, US Infrastructure

additional isSUES Education and Test Scores, Government Deficits, Public Investments, Macroeconomics, Politics and Economics of Taxation education Ph.D., Princeton University

87 Nancy Folbre

Professor of Economics University of Massachusetts Amherst

University of Massachusetts [email protected] Amherst (413) 545-3283 Department of Economics Thompson Hall Amherst, MA 01003

Bio Nancy Folbre’s work explores the interface between economics and feminist theory, focusing on non-market work and the evolution of social institutions governing public support for childrearing. She was a visiting fellow at the Russell Sage Foundation (2004-05), was awarded a MacArthur Foundation “genius” Fellowship and won the Leontief Prize of the Global Development and Environment Institute, Tufts University, 2004. She serves as associate editor of the journal Feminist Economics. Folbre received her bachelor’s degree in philosophy and her master’s degree in Latin American studies from the University of Texas and her doctorate in economics from the University of Massachusetts.

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ISSUES Economic Theory: Economy and Gender Labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions experience • Adjunct Professor, Social and Political Theory Program, Research School of Social Sciences, Australian National University, 2003-2007 • Chair, Department of Economics, University of Massachusetts Amherst, 2003-2004 • Staff Economist, Center for Popular Economics, 1980-present

Education Ph.D., Economics, University of Massachusetts, 1979 M.A., Latin American Studies, University of Texas, 1973 B.A., Philosophy, University of Texas, 1971

89 Steve Fraser

Adjunct Associate Professor Columbia University Co-Founder American Empire Project Columbia University

Columbia University [email protected] The Center for American Studies 319-321 Hamilton Hall New York, NY 10027

Bio Steve Fraser is Co-Founder of the American Empire Project and Editor-at-Large of the journal New Labor Forum. He is the author of Every Man a Speculator, A History of Wall Street in American Life, and most recently co-editor of Ruling America: A History of Wealth and Power in a Democracy.

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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 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 Labor Force: Family/Medical leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions education Ph.D., American History, Rutgers University books Steve Fraser. Wall Street: America’s Dream Palace. Yale University Press, 2008. Steve Fraser. Every Man a Speculator, A History of Wall Street in American Life, Harper, 2005. Steve Fraser. Ruling America: A History of Wealth and Power in a Democracy, Harvard University Press, 2005. Steve Fraser. The Rise and Fall of the New Deal Order. Princeton University Press, 1989.

91 Richard B. Freeman

Professor of Economics Harvard University Faculty Director, Labor and Worklife Program, Harvard Law School Program Director, Labor Studies, National Bureau of Economic Research Senior Professorial Research Fellow Labour Markets, Centre for Economic Performance, London School of Economics

Harvard University 3rd Fl Department of Economics Cambridge, MA 02138 Littauer M-5 Cambridge, MA 02138 [email protected] National Bureau of (617) 588-0303 Economic Research (617) 868-3900 1050 Massachusetts Avenue,

Bio Richard Freeman is one of the leading labor economists in North America. The Herbert Ascherman Professor of Economics at Harvard University, and Co-Director of the Labor and Worklife Program at Harvard Law School, Dr. Freeman is Senior Research Fellow on Labour Markets at the Centre for Economic Performance, part of the London School of Economics, funded by the Economic and Social Research Council the UK’s public body funding social science. Freeman directs the Science and Engineering Workforce Project (SEWP) at the National Bureau of Economic Research (NBER), a network focused on the economics of science, technical, engineering, and IT labor which has received major long-term support from the Sloan Foundation. One of the most prolific social scientists of the postwar period, Freeman has published over 300 articles on a wide

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range of subjects including global labor standards, the scientific workforce, the economics of crime, how the internet is transforming labor movements, and historical spurts in the growth of labor unions. He received his B.A. from Dartmouth College in 1964 and his Ph.D. in Economics from Harvard University in 1969.

ISSUES Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy 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

ADDITIONAL ISSUES Comparative labor markets, Demand for labor, Demography and homelessness, Earnings Inequality, The Welfare State, Discrimination, Voting, Economic History experience • Assistant Professor of Economics, Yale University • Assistant Professor of Economics, Univ. of Chicago • Assistant, Associate Professor of Economics, Harvard University • Fairchild Distinguished Research Professor, California Institute of Technology • Research Economist, Area Redevelopment Administration, Committee for Economic Development • Research Economist, Harvard Economic Research Project

Education B.A., Dartmouth College, 1964 Ph.D., Harvard University, 1969

93 James Galbraith

Chair in Government & Business Relations, University of Texas Professor of Government University of Texas

The University of Texas at [email protected] Austin (512) 471-1244 Lyndon B. Johnson School of Public Affairs P.O. Box Y Austin, TX 78713-8925

Bio James K. Galbraith holds the Lloyd M. Bentsen, Jr. Chair of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin, and a professorship in Government. He is a frequent speaker on matters related to the financial and economic crisis and a witness before Congress on several recent occasions. Galbraith’s recent scholarly research has focused on the measurement and understanding of inequality in the world economy, under the rubric of the University of Texas Inequality Project. His policy writing ranges from monetary policy to the economics of warfare, with forays into politics and history, especially the history of the Vietnam War. He is a Senior Scholar with the Levy Economics Institute and Chair of the Board of Economists for Peace and Security, an international association of professional economists.

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He held a Fulbright Distinguished Visiting Lectureship in China in the summer of 2001, and was named a Carnegie Scholar in 2003. In 2010 he was elected to the Accademia Nazionale dei Lincei in Rome, the world’s oldest scholarly society. He is President-elect of the Association for Evolutionary Economics.

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 Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development

ExperiencE • Visiting Scholar, The Brookings Institution, 1985 • Deputy Director, Joint Economic Committee, US Congress, 1983-1984 • Executive Director, Joint Economic Committee, US Congress, 1981-1982 • Economist, Committee on Banking, Finance and Urban Affairs, U.S. House of Representatives, 1975-1976, 1977-1980 • Visiting lecturer, Department of Economics, University of Maryland, 1979-1980 education Ph.D., Yale University, 1981 M.Phil., Yale University, 1978 M.A., Yale University, 1977 A.B., Harvard University, 1974

95 Teresa Ghilarducci

Professor of Economics New School Bernard L. and Irene Schwartz Chair Economic Policy Analysis Director of the Schwartz Center Economic Policy Analysis

New School for [email protected] Social Research (212) 229-5901 Department of Economics 6 East 16th Street, 11th Floor New York, NY 10003-3034

Bio Teresa Ghilarducci is a labor economist and nationally recognized expert in retirement security. Ghilarducci joined The New School in 2008 after 25 years as a professor of economics at the University of Notre Dame and 10 years as director of the school’s Higgins Labor Research Center. As an author, her most recent book - When I’m Sixty Four: The Plot Against Pensions and the Plan to Save Them – investigates the loss of pensions on older Americans and proposes a comprehensive system of reform. Her previous books include Labor’s Capital: The Economics and Politics of Employer Pensions, winner of an Association of American Publishers award in 1992, and Portable Pension Plans for Casual Labor Markets, published in 1995.

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Ghilarducci’s work focuses on the need to restore the promise of retirement for every American worker. To do so, she has put forth a bold reform idea - the creation of Guaranteed Retirement Accounts (GRAs) – to solve the many problems Americans now face in planning for retirement: decreasing coverage and contributions, increasing investment risk, portability, leakage, high fees, and the drawdown of benefits in retirement. Ghilarducci’s proposal has been met with critical success from high level opinion leaders. In February 2010, the White House Middle Class Task Force issued a report calling Ghilarducci’s proposal a viable option to help American families save for retirement, irrespective of their of financial sophistication, and called for further research on the plan. In July 2009, the U.S. Government Accountability Office (GAO) identified GRAs as one alternative to overhaul the U.S. retirement system. In 2008, New York Times Magazine named the GRA Plan one of the best ideas of the year. Ghilarducci frequently publishes in peer-reviewed journals, testifies before the U.S. Congress, and is a media source to popular and online news outlets about pensions and labor economics. She writes a regular column for the Chronicle of Higher Education’s “Brainstorm” blog. In addition to her current work with the Rockefeller Foundation, her research has been funded by the Alfred P. Sloan Foundation, U.S. Department of Labor, Ford Foundation, and Retirement Research Foundation.

ISSUES Business: Corporate Incentives Budget & Tax Policy: Payroll Taxes Economic Theory: Austerity, Economy and Gender Labor Force: Family/Medical leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions Social Investment: Economic Mobility, Healthcare, Medicare/ Medicaid, Middle Class, Social Security, Welfare, Workforce Development

Education Ph.D., Economics, University of California Berkeley, 1984 B.A., Economics, University of California Berkeley, 1978

97 Daniel L. Goroff

Program Director Alfred P. Sloan Foundation Distinguished Visiting Professor Columbia University Industry Advisory Panel Financial Stability Board Senior Consultant on Nonprofit Strategy, Anthony Knerr Associates Professor Emeritus Mathematics and Economics, Harvey Mudd College

Alfred P. Sloan Foundation [email protected] 630 Fifth Avenue (212) 649-1676 Suite 2550 David Michel New York, NY 10111 [email protected] (212) 649-1659

Bio Daniel L. Goroff is a Program Director at the nonpartisan and non- ideological Alfred P. Sloan Foundation. He is especially interested in research on economics, finance, mathematics, the scientific and technical work force, and education. Goroff is Professor Emeritus of Mathematics and Economics at Harvey Mudd College in Claremont, California, where he previously served as Vice President for Academic Affairs and Dean of the Faculty. Before that, he was Professor of the Practice of Mathematics at Harvard University, where he taught courses on mathematics, economics, decision theory, physics, history of science, and mathematics education. Goroff has twice worked in the White House for the President’s

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Science Advisor, most recently as Assistant Director for Social and Behavioral Sciences in the Office of Science and Technology Policy.

ISSUES Banking & Finance: Financial Markets, Ratings Agencies Budget & Tax Policy: Efficient Government Business: Entrepreneurialism Globalization: International Competition Social Investment: Workforce Development

ExperiencE • Assistant Director, Social and Behavioral Sciences, White House Office of Science and Technology Policy, 2010. • Vice President, Academic Affairs and Dean of the Faculty, Harvard Mudd College, 2005-2007 • Professor, The Practice of Mathematics, Harvard University, 1983-2005 • Co-Director, Scientific and Engineering Workforce Project, National Bureau of Economic Research, 2001-2008 • Director, Joint Policy Board for Mathematics,1998 to 2001 • Board of Directors, American Association for Higher Education, 1994-1997 • Division Director, National Research Council, 1996-1997 • Senior Policy Advisor, White House Office of Science and Technology Policy, 1997-1998

Education Ph.D., Mathematics, Princeton University M.A., Mathematical Finance, Boston University M.Phil., Economics, Cambridge University B.A., Mathematics, Harvard University

99 Michael Greenberger

Professor University of Maryland School of Law Founder and Director University of Maryland Center for Health and Homeland Security Chair Maryland Governor’s Emergency Management Advisory Council Member, International Energy Forum Independent Expert Group on Energy Price Volatility

Center for Health and mgreenberger@law. Homeland Security umaryland.edu 500 West Baltimore Street (410) 706-3846 Baltimore, MD 21201 Media Contact: Amy Major (410) 706 - 8036

Bio Michael Greenberger is the Founder and Director of the Center for Health and Homeland Security (CHHS) at the University of Maryland and a professor at the School of Law. CHHS works on a broad range of homeland security and emergency response issues for federal, state and local governmental agencies, as well as medical researchers. CHHS has a staff of more than 70 professionals, many of whom are recent graduates of the School of Law. Professor Greenberger designed and currently teaches two courses focused on counterterrorism and emergency response: “Homeland Security and The Law of Counterterrorism” and “Law and Policy of Emergency Public Health Response Seminar/Course,” which brings students and faculty from the various university professional schools together to study effective governmental policies pertaining

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to catastrophic public health emergencies. Professor Greenberger teaches a seminar on Futures, Options and Derivatives at the School of Law. Professor Greenberger currently serves as the Chair of the Maryland Governor’s Emergency Management Advisory Council (GEMAC). He was recently appointed by President of the American Bar Association to the Advisory Committee of the Standing Committee on Law and National Security.

ISSUES Banking & Finance: Bank Bail Out, Bank Bonuses, Too Big To Fail, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Business: Entrepreneurialism, Small Business, Wealth Creation The Federal Reserve

ADDITIONAL ISSUES Regulation of Derivative Markets; Derivatives; Credit Derivatives; Credit Default Swaps; Synthetic CDO’s; Wall Street Commodity Speculation; Energy; Food Prices; MF Global; Mortgage Foreclosure Settlement experience • Principal Deputy Associate Attorney General, U.S. Department of Justice, 1999-2001 • Director, Division of Trading & Markets, Commodity Futures Trading Commission, 1997-1999

Education J.D., University of Pennsylvania, 1970 A.B., Lafayette College, 1967

101 Jacob S. Hacker

Director Institution for Social and Policy Studies Professor of Political Science Yale University Fellow The New America Foundation Vice President National Academy of Social Insurance

Yale University [email protected] Department of (203) 432-5554 Political Science 77 Prospect Street ISPS, Room B213 New Haven, CT 06511

Bio Jacob S. Hacker, Ph.D., is the Director of the Institution for Social and Policy Studies, and Stanley B. Resor Professor of Political Science at Yale University. He is Vice President of the National Academy of Social Insurance, and a former Junior Fellow of the Harvard Society of Fellows. An expert on the politics of U.S. health and social policy, he is the author of Winner-Take-All Politics: How Washington Made the Rich Richer and Turned Its Back on the Middle Class, written with Paul Pierson (2010, paperback 2011), The Great Risk Shift: The New Economic Insecurity and the Decline of the American Dream (2006, paperback 2008), The Divided Welfare State: The Battle over Public and Private Social Benefits in the United States (2002), and The Road to Nowhere: The Genesis of President Clinton’s Plan for Health Security

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(1997), co-winner of the Brownlow Book Award of the National Academy of Public Administration. He is co-author, with Paul Pierson, of Off Center: The Republican Revolution and the Erosion of American Democracy (2005) and has edited two volumes—most recently, Health At Risk: America’s Ailing Health System and How to Heal It (2008). A frequent media commentator, Hacker has testified before Congress, advised leading politicians, and written popular pieces for the American Prospect, New Republic, Nation, New York Times, New York Times Magazine, Los Angeles Times, Washington Post, Boston Globe, Boston Review, and other publications. He is the author of a 2007 proposal for universal health care, “Health Care for America,” that became a template for several presidential aspirants’ plans. Most recently with support from the Rockefeller Foundation, he and a group of multi-disciplinary researchers including Greg Huber and Mark Schlesinger of ISPS developed the Economic Security Index (ESI), which measures the share of Americans who experience at least a 25 percent decline in their income from one year to the next. In addition, he oversees a Social Science Research Council project on the “privatization of risk.”

ISSUES Banking & Finance: Financial Markets, Housing Market Collapse Budget & Tax Policy: Federal Budget, Payroll Taxes, Privatization, Social Insurance Business: Corporate Incentives, Entrepreneurialism, Multinational Corporations, Small Business, Wealth Creation Economy Theory: Capitalism Globalization: Developing Economies, International Competition, Trade Labor Force: Jobs, Retirement, Unemployment Insurance, Unions Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, Welfare

Education Ph.D., Political Science, Yale, 2000 B.A., Social Studies, Harvard, 1994

103 Heidi Hartmann

President and Founder Institute for Women’s Policy Research Research Professor The George Washington University

Institute for Women’s (202) 785-5100 Policy Research 1200 18th Street NW, Suite Caroline Dobuzinskis 301 Washington, DC 20036 Communications Manager [email protected] (202) 684-7484

Bio Heidi Hartmann is the President of the Washington-based Institute for Women’s Policy Research, a scientific research organization that she founded in 1987 to meet the need for women-centered, policy- oriented research. Dr. Hartmann is a Research Professor at The George Washington University. Dr. Hartmann has published numerous articles in journals and books and her work has been translated into more than a dozen languages. She lectures widely on women, economics, and public policy, frequently testifies before the U.S. Congress, and is often cited as an authority in various media outlets.

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Prior to founding IWPR, Dr. Hartmann was on the faculties of Rutgers University and the New School for Social Research and worked at the National Research Council/National Academy of Sciences. In 1994, Dr. Hartmann was the recipient of a MacArthur Fellowship Award for her work in the field of women and economics. She is Vice-Chair of the National Council of Women’s Organizations and co-editor of the Journal of Women, Politics & Policy.

ISSUES Economic Theory: Economy and Gender Labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions

ADDITIONAL ISSUES Employment, Pay Equity, Retirement Security, Workforce Participation

ExperiencE • Vice Chair, National Council of Women’s Organizations • Associate Executive Director, Commission on Behavioral and Social Sciences and Education, National Academy of Sciences

Education Ph.D., Economics, Yale University M.Phil., Economics, Yale University B.A., Economics, Swarthmore College

105 Bob Herbert

Distinguished Senior Fellow Demos

Demos [email protected] 220 Fifth Avenue 2nd Floor (212) 633-1405 New York, New York 10001

Bio Bob Herbert joined Demos after an 18-year career at the The New York Times as an Op-Ed columnist, writing about politics, urban affairs and social trends in a twice-weekly column.From January 1991 to May 1993, Mr. Herbert was a national correspondent for NBC and reported regularly on The Today Show and NBC Nightly News. A founding panelist of Sunday Edition, a weekly discussion program on WCBS-TV, Mr. Herbert was the host of Hotline, a weekly hour-long issues program on WNYC-TV, both beginning in 1990. Previously, Mr. Herbert worked at The Daily News beginning in 1976. At The Daily News he was a general assignment reporter, national correspondent, consumer affairs editor, city hall bureau chief and

106 TOPWONKS THE ECONOMY VOL. 01 city editor. In 1985, he became a columnist and a member of the Editorial Board. His column appeared in The Daily News until February 1993. Herbert has numerous awards, including the Meyer Berger Award for coverage of New York City, the American Society of Newspaper Editors award for distinguished newspaper writing, the David Nyhan Prize from the Shorenstein Center at Harvard University for excellence in political reporting, and the Ridenhour Courage Prize for the “fearless articulation of unpopular truths.”

ExperiencE • Op-Ed Columnist, The New York Times, 1993-2011 • National Correspondent, NBC, 1991-1993 • Host, Hotline, WNYC-TV • Founding Panelist, Sunday Edition, CBS • General Assignment Reporter, The Daily News • National Correspondent, The Daily News • Consumer Affairs Editor, The Daily News • City Hall Bureau Chief, The Daily News • Chief Editor, The Daily News

Education B.S., Journalism, State University of New York (Empire State College)

107 Leo Hindery, Jr. Managing Partner InterMedia Partners Chairman US Economy/Smart Globalization Initiative, New America Foundation Co-Chair Task Force on Job Creation and Trade

InterMedia Partners [email protected] 405 Lexington Avenue (212) 983-3170 48th Floor New York, NY 10174

Bio Leo Hindery, Jr. is Managing Partner of InterMedia Partners, a series of media industry private equity funds he founded in 1988 and ran continuously until February 1997. Mr. Hindery is a member of the Council on Foreign Relations, Chairman of the US Economy/Smart Globalization Initiative at the New America Foundation, Co-Chair of the Task Force on Job Creation and Trade, and founder of Jobs First 2012. He is a member of the Board of Visitors of the Columbia School of Journalism and a Director of the Jesuit School of Theology of Santa Clara University, the National Bureau of Asian Research (NBR), the Paley Center for Media, and Teach for America. He was an economic and trade advisor to presidential candidate Barack Obama, after earlier serving as Senior Economic Policy Advisor for presidential candidate John Edwards. From 2005 through 2007, he was Vice

108 TOPWONKS THE ECONOMY VOL. 01 he was Vice Chairman of the Presidential and Congressional HELP Commission which in December 2007 made recommendations to Congress reforming U.S. foreign assistance.

ISSUES Globalization: Trade Labor Force: Jobs, Unions Social Investment: Middle Class, US Infrastructure experience • Chairman and Chief Executive Officer, YES Network, 2001-2004 • Chairman and Chief Executive Officer, GlobalCenter, 1999-2001 • President and Chief Executive Officer, AT&T Broadband • President, Tele-Communications, Inc. (TCI) and Liberty Media, 1997- 1998

Education M.B.A., Graduate School of Business, Stanford University M.A., Seattle University

109 Arjun Jayadev

Assistant Professor Department of Economics University of Massachusetts Boston

University of Massachusetts [email protected] Boston (617) 287-6961 Economics Department 100 Morrissey Blvd Boston, MA 02125

Bio Arjun Jayadev is Assistant Professor of Economics at the University of Massachusetts, Boston. Professor Jayadev’s research focuses on macroeconomics, development, and political economy. His work has looked at the ways in which the policy shifts that have occurred globally over the last three decades have impacted distributional outcomes (measured in terms of income, wealth and power) and the welfare of the poor. He is interested in examining the causes and consequences of power in economic life and in the institutional frameworks of societies that arise from considerations of power.

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ISSUES Economic Theory: Austerity, Capitalism Globalization: Developing Economies; International Competition Social Investment: Economic Mobility, Middle Class, Welfare additional ISSUES Development, Economics of Distribution, Economics of Power, International Economics, Inequality, Macroeconomic Dynamics, Political Economy

ExperiencE • Postdoctoral Research Scholar, Columbia University, 2007 - 2009

Education Ph.D., University of Massachusetts Amherst, 2005

111 Robert Johnson

Executive Director Institute for New Economic Thinking, 2009-Present Senior Fellow, Project on Global Finance The Roosevelt Institute, 2009-Present

Roosevelt Institute [email protected] 570 Lexington Avenue (212) 444-9130 18th Floor New York, NY 10022

Bio Robert Johnson serves as the Executive Director of the Institute for New Economic Thinking (INET) and is a Senior Fellow and Director of the Global Finance Project for the Franklin and Eleanor Roosevelt Institute in New York. Previously, Dr. Johnson was a managing director at Soros Fund Management, where he managed a global currency, bond and equity portfolio specializing in emerging markets. He was a managing director at the Bankers Trust Company. Dr. Johnson has served as chief economist of the U.S. Senate Banking Committee under the leadership of Chairman William Proxmire and was senior economist of the U.S. Senate Budget Committee under the leadership of Chairman Pete Domenici. Johnson received a Ph.D. and M.A. in Economics from Princeton University and a B.S. in both Electrical Engineering and Economics from the Massachusetts Institute of Technology in 1980.

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ADDITIONAL ISSUES Comparative labor markets, Demand for labor, Demography and homelessness, Earnings inequality, the Welfare State, Discrimination, Voting, Economic History. experience • Managing Director, Soros Fund Management • Chief Economist, U.S. Senate Banking Committee • Senior Economist, U.S. Senate Budget Committee • Managing Director, Bankers Trust Company

Education Ph.D., Economics, Princeton University M.A., Economics, Princeton University B.S., Electrical Engineering and Economics, M.I.T.

113 Simon Johnson

Professor of Entrepreneurship MIT Sloan School of Management Senior Fellow Peterson Institute for International Economics in Washington Co-Director, NBER Africa Project Member, Congressional Budget Office’s Panel of Economic Advisers Member, FDIC’s Systemic Resolution Advisory Committee

Sloan School of Management [email protected] 50 Memorial Drive, (617) 253-9455 Office: E62-420 Cambridge, MA 02142

Bio Simon Johnson is the Ronald A. Kurtz Professor of Entrepreneurship at MIT Sloan School of Management. He is also a senior fellow at the Peterson Institute for International Economics in Washington, D.C., a co-founder of BaselineScenario.com (a much cited website on the global economy), a member of the Congressional Budget Office’s Panel of Economic Advisers, and a member of the FDIC’s Systemic Resolution Advisory Committee. Johnson is a weekly contributor to NYT.com’s Economix, is a regular Bloomberg columnist, has a monthly article with Project Syndicate that runs in publications around the world, and has published high impact opinion pieces recently in The Washington Post, The Wall Street Journal, The Atlantic, The New Republic, BusinessWeek, and The Financial Times, among other places. In January 2010, he

114 TOPWONKS THE ECONOMY VOL. 01 joined The Huffington Post as contributing business editor. Professor Johnson is the co-author, with James Kwak, of 13 Bankers: The Wall Street Takeover and The Next Financial Meltdown, a bestselling assessment of the dangers now posed by the US financial sector (published by Pantheon in March 2010). In his roles as a professor, research fellow and author, Professor Johnson’s speaking engagements include paid appearances before various business groups, including financial institutions and other companies, as well before other groups that may have a political agenda. He is not on the board of any company, does not currently serve as a consultant to anyone, and does not work as an expert witness or conduct sponsored research. His investment portfolio comprises cash and broadly diversified mutual funds; he does not trade stocks, bonds, derivatives or other financial products actively. From March 2007 through the end of August 2008, Johnson was the International Monetary Fund’s Economic Counsellor (chief economist) and Director of its Research Department. He is a co-director of the NBER Africa Project, and works with non-profits and think tanks around the world.

Education Ph.D., Economics, M.I.T. M.A., Economics, University of Manchester B.A., Economics, University of Oxford

115 Cassandra Jones Havard

Professor of Law University of Baltimore

University of Baltimore [email protected] School of Law (410) 837-5038 1420 North Charles Street Baltimore, MD 21201-5779

Bio Professor Jones Havard’s scholarship examines financial services regulation. She has authored numerous articles addressing challenges in regulating the financial services industry. She teaches courses in banking law, commercial law, corporations and contracts. Professor Jones Havard joined the law faculty at the University of Baltimore in 2005. She began her academic career at the Beasley School of Law at Temple University where she was a tenured member of the faculty. She has been a visiting professor at the Catholic University School of Law. As a lawyer, Professor Jones Havard practiced in the General Counsel’s Office of the Federal Deposit Insurance Corporation and the Federal Home Loan Bank Board.

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She was a Trial Attorney in the Criminal Section of the Tax Division at the U.S. Department of Justice. After law school, she served as a law clerk for the Honorable A. Leon Higginbotham on the Third Circuit Court of Appeals.

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 Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation The Federal Reserve Monetary Policy

ExperiencE • Trial Attorney, Criminal Section of the Tax Division at the US Department of Justice • Practicing Lawyer, Federal Home Loan Bank Board • Practicing Lawyer, General Counsel’s Office, Federal Deposit Insurance Corporation • Visiting Professor, Catholic University School of Law • Tenured Member of the Faculty, Beasley School of Law, Temple University

Education J.D., University of Pennsylvania B. A. with honors, Bennett College

117 Ethan Kaplan

Research Fellow Committee on Global Thought Columbia University Assistant Professor of Economics University of Maryland College Park Associate Editor Journal of the European Economic Association

Columbia University [email protected] Department of Economics (646) 670-3136 420 W 118th Street New York, NY 10027

Bio Ethan Kaplan studied economics at UC Berkeley, receiving his PhD in 2005. Before his arrival at the Committee on Global Thought, he held an appointment at the Institute for International Economic Studies at Stockholm University. During his fellowship he studied the political economy of development. He is an Associate Editor of the Journal of the European Economic Association. He received his Ph.D. in Economics from the University of California, Berkeley in 2005, his M.A. in Development Economics from Stanford University in 1999 and his B.A. in History from UC Berkeley in 1992. Ethan was recently awarded a grant from the Institute for New Economic Thinking.

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ISSUES Budget & Tax Policy: National Debt Labor Force: Jobs, Living Wages, Unemployment Insurance, Unions Social Investment: Middle Class

ADDITIONAL ISSUES Fiscal Stimulus

ExperiencE • Visiting Assistant Professor, Department of Economics at UC Berkeley, 2007-2008 • Assistant Professor of Economics, Institute for International Economic Studies at Stockholm University, 2005-present

Education Ph.D., Economics, University of California Berkeley, 2005 M.A., Development Economics, Stanford University, 1999 B.A., History, University of California Berkeley, 1992

119 Sony Kapoor Managing Director Re-Define Visiting Fellow European Institute, London School of Economics

124 Baker Street, 1-3 floor [email protected] London, UK (798) 684-9821

Bio Sony Kapoor’s career spans the financial sector, with civil society and on public policy across several countries. As Managing Director of Re-Define, an economic and financial think tank that advises policy makers in the EU and internationally, he is deeply involved in finding a solution to the on-going economic and financial crises. Mr. Kapoor is known for his work on financial regulation, economic governance, crisis management and international development. In his personal capacity he is the chairman of the Banking Stakeholder Group of the European Banking Authority, a member of the expert panel of the Crisis (CRIS) committee of the European Parliament and a Visiting Fellow at the London School of Economics. He is a consultant to several governments and EU institutions.

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Mr. Kapoor has previously worked in investment banking and derivative trading for institutions including ICICI (International Credit and Investment Corporation of India), Lehman Brothers and Aquila Energy Limited. He left the financial sector in 2003 to work on reforming the financial system and improving public policymaking. He has worked extensively on international development, including a stint as a strategy adviser to the Government of Norway. He co- founded the International Tax Justice Network, served on the boards of several NGOs, ran development economics at Christian Aid and was a strategy adviser to both Oxfam Novib and Jubilee USA. He was a development finance consultant for the World Bank and U.N. as well as for governments in Europe and the developing world. He has testified as an expert witness on international finance at the European Parliament, the US Congress, the Bundestag and other parliaments, and conducted seminars and lectures at various finance ministries, central banks, universities, multilateral institutions and the European Commission. His comments and analysis of the crisis are often picked up by publications such as The Financial Times, The Wall Street Journal and media outlets such as the BBC and Reuters.

ISSUES Banking & Finance: Bank Bail Out, Too Big To Fail, Financial Markets, Ratings Agencies, Securitization Budget & Tax Policy: National Debt Business: Entrepreneurialism, Wealth Creation Globalization: Developing Economies, International Competition experience • Co-Strategy Adviser and Rapporteur, International Task Force on Illicit Financial Flows, 2007-2008 • Member of Board of Directors, Eurodad, 2005-2007 • Member of Board of Directors, International Tax Justice Network, 2005-2007

Education M.Sc., International Finance, London School of Economics M.B.A., Faculty of Management Studies, University of Delhi B.S., Chemical Engineering, Indian Institute of Technology

121 Stephanie A. Kelton

Associate Professor of Economics University of Missouri-Kansas City Director of Graduate Student Research Center for Full Employment and Price Stability Creator and Editor New Economic Perspectives Research Scholar Levy Economics Institute of Bard College

University of Missouri [email protected] Kansas City (816) 235-5700 Department of Economics 211 Haag Hall 5120 Rockhill Road Kansas City, MO 64110

Bio Stephanie A. Kelton is Associate Professor of Economics at the University of Missouri-Kansas City and Director of Graduate Student Research at the Center for Full Employment and Price Stability (CFEPS). She is a Research Scholar at the Levy Economics Institute of Bard College. Dr. Kelton has a B.S. in Business Finance and a B.A. in Economics, both from California State University, Sacramento (1995). After finishing her undergraduate degrees, she completed an M.Phil in Economics at Cambridge University, England (1997). She then spent a year at The Levy Economics Institute on a fellowship she won through Christ’s College, Cambridge. While at the Levy Institute, she wrote a number of papers that became part of her Ph.D. dissertation at the New School for Social Research (April 2001), titled Public Policy and Government Finance: A Comparative Analysis Under Different

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Monetary Systems. She is creator and editor of New Economic Perspectives, a top-ranked economics blog, and has been featured in: Common Dreams, Business Insider, Truthdig, Counter Punch, Wall St. Pit, Credit Writedowns, and many more.

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 The Federal Reserve Globalization: Developing Economies, International Competition, Trade 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

additional ISSUES European Monetary Integration, Full Employment Policy experience • Fellow, Levy Economics Institute of Bard College education Ph.D., Economics, New School for Social Research M.Phil., Economics, Cambridge University B.A., Economics, California State University B.S., Business Finance, California State University

123 David Kennedy

Manley O. Hudson Professor Harvard Law School Director Institute for Global Law and Policy, Harvard Law School Founder New Approaches to International Law Project Chair Global Advisory Council on Global Governance, World Economic Forum

Harvard Law School [email protected] Hauser Hall, Room 414 (617) 495-3132 1575 Massachusetts Avenue Cambridge, MA 02138

Bio David Kennedy is Manley O. Hudson Professor of Law and Director of the Institute for Global Law and Policy at Harvard Law School. He teaches international law, international economic policy, legal theory, law and development and European law. He joined the Harvard Law faculty in 1981 and holds a Ph.D. from the Fletcher School and a J.D. from Harvard. His research uses interdisciplinary materials from sociology and social theory, economics and history to explore issues of global governance, development policy and the nature of professional expertise. He has been particularly committed to developing new voices and perspectives on international affairs. As a practicing lawyer and consultant, Professor Kennedy has

124 TOPWONKS THE ECONOMY VOL. 01 worked on numerous international projects, both commercial and public, including work with PricewaterhouseCoopers with their emerging markets and anti-corruption practice, with the United Nations, the Commission of the European Union, various national governments and with the private firm of Clearly, Gottlieb, Steen and Hamilton in Brussels, where his work combined European antitrust litigation, government relations advising and general corporate law. A member of the Council on Foreign Relations, he is past Chair of the World Economic Forum’s Global Advisory Council on Global Governance. In 2011 he was appointed Foreign Advisor to Thailand’s Truth for Reconciliation Commission.

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 Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy Globalization: Developing Economies, International Competition, Trade

ExperiencE • Manley O. Hudson Professor of Law, 2011 • Director, Institute for Global Law and Policy, 2009 • University Professor of Law, Brown University, 2008-2009 • Manley O. Hudson Visiting Professor of Law, 2008 – 2009 • Manley O. Hudson Professor of Law, 2003 – 2008 • Henry L. Shattuck Professor of Law, 1994 – 2003 • Director, International and Graduate Legal Studies, 1991 – 1997 • Director, European Law Research Center, 1991 – 2009 • Professor of Law, 1986 – 1994 • Assistant Professor of Law, 1983 – 1986 • John Harvey Gregory Lecturer on World Organization, 1981 – 1983

Education Ph.D., Fletcher School of Law and Diplomacy at Tufts University J.D., Harvard University 125 Naomi Klein

Journalist, Syndicated Columnist, and Author

naomiklein.org Top Wonks Press Department [email protected] (212) 481-8304

Bio Naomi Klein is an award-winning journalist, syndicated columnist and author of the New York Times and #1 international bestseller, The Shock Doctrine: The Rise of Disaster Capitalism. Published worldwide in 2007, The Shock Doctrine is being published in 30 languages and has over a million copies in print. It appeared on multiple ‘best of year’ lists including as a New York Times Critics’ Pick of the Year. Rachel Maddow called The Shock Doctrine, “The only book of the last few years in American publishing that I would describe as a mandatory must-read.” Naomi Klein’s first book No Logo: Taking Aim at the Brand Bullies released in 2000 was an international bestseller translated into over 25 languages with more than a million copies in print. The New York Times called it “a movement bible.” In 2011, Time Magazine named

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it as one of the Top 100 non-fiction books published since 1923. A tenth anniversary edition of No Logo was published worldwide in 2010. The Literary Review of Canada has named it one of the hundred most important Canadian books ever published. A collection of her writing, Fences and Windows: Dispatches from the Front Lines of the Globalization Debate was published in 2002. Naomi Klein is a contributing editor for Harper’s and reporter for Rolling Stone, and writes a regular column for The Nation and The Guardian that is syndicated internationally by The New York Times Syndicate. In 2004, her reporting from Iraq for Harper’s won the James Aronson Award for Social Justice Journalism. Additionally, her writing has appeared in The New York Times, The Washington Post, Newsweek, The Los Angeles Times, The Globe and Mail, El Pais, L’Espresso and The New Statesman, among many other publications.

ISSUES Banking & Finance: Too Big To Fail, Financial Markets, Bank Bail Out, Housing Market Collapse, Bank Bonuses, Anti-Trust Regulations Business: Multi-National Corporations Economic Theory: Capitalism, Austerity, Privatization, Keynes v. Friedman, Economic Forecasting, Service Economy, Economy and Race, Economy and Gender Globalization: International Competition, Developing Economies, Trade Labor Force: Jobs, Unions Monetary Policy Social Investment: US Infrastructure

ADDITIONAL ISSUES Economics of Climate Policy, Ecological economics, Green Jobs, Localization bookS Naomi Klein. The Shock Doctrine: The Rise of Disaster Capitalism. Metropolitan Books, 2007. Naomi Klein. No Logo: Taking aim at the Brand Bullies. Picador, 2000.

127 Michael Konczal

Fellow The Roosevelt Institute Blogger The New Deal 2.0 and Rortybomb

Roosevelt Institute mkonczal@rooseveltinstitute. 570 Lexington Ave, 5th Floor org New York, NY 10022 (212) 444-9140

Bio Michael Konczal is a fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality and a progressive vision of the economy. His blog, Rortybomb, was named one of the 25 Best Financial Blogs by Time Magazine. His work has appeared in The American Prospect, Slate, Washington Monthly, The Atlantic Monthly’s Business Channel and The Nation.

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ISSUES Banking & Finance: Bank Bail Out, Too Big to Fail, Financial Markets Budget & Tax Policy: Privatization, Social Insurance Economic Theory: Austerity, Capitalism, Economy and Gender, Keynes v. Friedman The Federal Reserve Labor Force: Jobs, Unemployment Insurance Monetary Policy experience • Former financial engineer and mathematical analyst

Education M.S., Finance, University of Illinois B.S., Mathematics, University of Illinois

129 Jan Kregel

Chief of the Policy Analysis and Development Branch United Nations Senior Scholar Levy Economics Institute of Bard College

University of [email protected] Missouri-Kansas City (816) 235-1314 Department of Economics 211 Haag Hall 5120 Rockhill Road Kansas City, MO 64110

Bio Jan Kregel is a Senior Scholar at the Levy Economics Institute of Bard College and Director of the Institute’s Monetary Policy and Financial Structure program. He holds the position of professor of development finance at Tallinn University of Technology. In 2009, Kregel served as Rapporteur of the President of the UN General Assembly’s Commission on Reform of the International Financial System. He previously directed the Policy Analysis and Development Branch of the UN Financing for Development Office and was Deputy Secretary of the UN Committee of Experts on International Cooperation in Tax Matters. Kregel studied under Joan Robinson and Nicholas Kaldor at the University of Cambridge, and received his Ph.D. from Rutgers University under the chairmanship of Paul Davidson.

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ExperiencE • High Level Expert in International Finance and Macroeconomics, New York Liaison Office of the United Nations Conference on Trade and Development • Director, Policy Analysis and Development Branch, UN Financing for Development Office • Deputy Secretary, UN Committee of Experts on International Cooperation in Tax Matters • Professor of Economics, Faculty of Political Science, Università degli Studi di Bologna, 1990-2002 • Visiting Senior Scholar, Jerome Levy Economics Institute of Bard College, 1997-2002 • Adjunct Professor of International Economics, Johns Hopkins University School of Advanced International Studies, Bologna Center, 1990-1998 • Senior Economic Affairs Officer, UNCTAD, Global Interdependence Division, Geneva, 1994-1996

Education: Ph.D., Economics, Rutgers University, 1970 B.A., English Composition, Economics, Beloit College, 1966

131 Robert Kuttner

Writer and Editor American Prospect Distinguished Senior Fellow Demos Columnist The Boston Globe

Demos [email protected] 220 5th Ave., 2nd Floor (202) 776-0730 New York, NY 10001

Bio Robert Kuttner is co-founder and co-editor of The American Prospect magazine, as well as a Demos Distinguished Senior Fellow. He was a longtime columnist for BusinessWeek, and continues to write columns in the Boston Globe. Robert is the author of eight books, including the recent New York Times bestseller, Obama’s Challenge: American’s Economic Crisis and the Power of a Transformative Presidency, (Chelsea Green, 2008). Robert’s last book, The Squandering of America, explores political roots of America’s narrowing prosperity and the systemic risks facing the U.S. economy. He has just begun work on a new book on the challenge of regulating global capitalism. Bob’s best-known earlier book is Everything for Sale: The Virtues

132 TOPWONKS THE ECONOMY VOL. 01 and Limits of Markets (1997). The book received a page one review in the New York Times Book Review. Of it, the late economist Robert Heilbroner wrote, “I have never seen the market system better described, more intelligently appreciated, or more trenchantly criticized than in Everything for Sale.” Bob’s other previous books on economics and politics include: The End of Laissez-Faire (1991); The Life of the Party (1987); The Economic Illusion (1984); and Revolt of the Haves (1980). Bob’s magazine writing has appeared in The New York Times Magazine and the Sunday Book Review, The Atlantic, The New Republic, The New Yorker, Dissent, Columbia Journalism Review, and Harvard Business Review. For four decades, Bob’s intellectual and political project has been to revive the politics and economics of harnessing capitalism to serve a broad public interest. He has pursued this ideal as a writer, editor, teacher, lecturer, commentator and public official.

Education Oberlin College London School of Economics University of California, Berkeley

133 Lance Lindblom

President & CEO, Trustee The Nathan Cummings Foundation

Nathan Cummings [email protected] Foundation (212) 787-7300 475 Tenth Avenue, 14th Floor New York, NY 10018

Bio Lance E. Lindblom was previously the President and CEO of the Nathan Cummings Foundation, an organization that seeks to build a socially and economically just society that values nature and protects the ecological balance for future generations. It promotes humane health care, social justice as a core Jewish value, and fosters arts and culture that enriches communities. Before he joined the staff of NCF, Mr. Lindblom served as a Program Officer at the Ford Foundation, focusing on democratic accountability, economic and social policy, and globalization. Mr. Lindblom has held several governmental positions, including: Deputy Director of the Chicago Mayor’s Office of Budget and Management, Chief of Special Projects Unit, Senior Program Analyst and Budget Examiner at the Governor’s Office of Illinois Bureau of the Budget, and Economic and Program

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Analyst at the Illinois Economic and Fiscal Commission of the Illinois General Assembly.

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 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 experience • President & CEO, Nathan Cummings Foundation • Program Officer, The Ford Foundation, 1995 – 2000 • Executive Vice President, Open Society Institute, April 1994 – July 1995 • President and CEO, J. Roderick MacArthur Foundation, 1984 – 1994 • Deputy Director, Chicago Mayor’s Office of Budget and Management • Chief of Special Projects Unit, Governor’s Office of Illinois Economic and Fiscal Commission of the Illinois General Assembly • Senior Program Analyst, Governor’s Office of Illinois Economic and Fiscal Commission of the Illinois General Assembly • Budget Examiner, Governor’s Office of Illinois Economic and Fiscal Commission of the Illinois General Assembly • Economic and Program Analyst, Illinois Economic and Fiscal Commission of the Illinois General Assembly

Education J.D., University of Chicago Law School M.A., Public Affairs, Princeton University

135 Henry C.K. Liu Chairman Liu Investment Group, Inc. Visiting Professor Global Development at UMKC

Liu Investment Group, Inc. [email protected] 2640 E Garvey Avenue S West Covina, CA 91791-2156

Bio Henry C.K. Liu was born in Hong Kong and educated at Harvard University in architecture and urban design. His interest in economics and international relations started when he participated in interdisciplinary work on urban and regional development as a professor at the University of California Los Angeles, Harvard and Columbia. He is currently chairman of a private investment group that is based in New York.

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ISSUES Banking & Finance: Bank Bail Out, Too Big to Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Securitization Budget & Tax Policy: National Debt, Privatization Economic Theory: Austerity, Capitalism, Keynes v Friedman The Federal Reserve Globalization: Developing Economies, International Competition, Trade Labor Force: Living Wage Monetary Policy Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development

Education Architecture and Urban Design, Harvard University

137 Barry C. Lynn

Director of Markets, Enterprise and Resiliency Initiative New America Foundation

The New America [email protected] Foundation (202) 431-6066 1899 L Street NW, Suite 400 Clara Hogan, External Washington, DC 20036 Relations Associate The New America Foundation [email protected] (202) 986-2700

Bio Barry Lynn is director of the Markets, Enterprise, and Resiliency Initiative, and a senior fellow at the New America Foundation. He is author of Cornered: The New Monopoly Capitalism and the Economics of Destruction and End of the Line: The Rise and Coming Fall of the Global. Lynn’s groundbreaking writings on industrial interdependence among nations and the growing fragility of complex industrial systems have attracted wide attention, and he has been invited to present his work to high officials in Japan, Germany, Britain, France, Taiwan, and the European Commission, as well as in the White House and U.S. Treasury Department. Lynn’s writings on the political and economic effects of the extreme consolidation of power in the U.S. and U.K.

138 TOPWONKS THE ECONOMY VOL. 01 economies have influenced the thinking of policymakers and antitrust professionals on both sides of the Atlantic. Lynn has consulted with conservative and liberal political parties in America and Britain, as well as with Fortune 500 businesses, labor and industrial unions, and academic groups. His articles have appeared in publications including Harper’s, the Financial Times, Harvard Business Review, and The National Interest, and he has appeared on CNN, CBS, the BBC, National Public Radio, MSNBC, C-Span, and the Christian Broadcasting Network, among others.

ExperiencE • Executive Editor, Global Business Magazine • Correspondent in Peru, Venezuela, and the Caribbean, Associated Press

Education Columbia University Oxford University Slater Fellow, Development Economics, Wellesley College

139 Jeffrey Madrick Senior Fellow The Schwartz Center for Economic Policy, The New School Senior Fellow The Roosevelt Institute Editor Challenge Magazine Visiting Professor of Humanities, The Cooper Union Fellow, The World Policy Institute Fellow, The Century Foundation

The New School [email protected] Schwartz Center for (212) 491-3302 Economic Policy Analysis 6 East 16th Street, 11th Floor New York, NY 10003

Bio Jeff Madrick is a regular contributor to The New York Review of Books, and a former economics columnist for The New York Times. He is editor of Challenge Magazine, visiting professor of humanities at The Cooper Union, and Senior Fellow at the Roosevelt Institute and the Schwartz Center for Economic Policy Analysis, The New School. Madrick gives many speeches and makes frequent public appearances. He has appeared on Charlie Rose, The Lehrer News Hour, Now With Bill Moyers, Frontline, C-Span, Book Notes, CNN, CNBC, CBS, BBC, and NPR. He has served as a policy consultant and speech writer for Sen. Edward M. Kennedy and other U.S. legislators. Madrick is a fellow at the World Policy Institute and the Century Foundation, and is a member of the board of the Center for Economic and Policy Research.

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ExperiencE • Wall Street Editor, Money Magazine • Finance Editor, Business Week Magazine • News Reporter and Commentator, NBC • Economics columnist, The New York Times • Policy Consultant and Speech Writer, Sen. Edward M. Kennedy and other US legislators

Education M.B.A., Harvard University B.S., New York University

141 Heather McGhee

Director Washington Office, Demos

Demos [email protected] 1710 Rhode Island Avenue (202) 559-1543 Washington, DC 20036

Bio As the Director of Demos’ Washington office, Heather develops and executes strategy for increasing the organization’s impact on federal policy debates in Washington. Previously, she was the Deputy Policy Director of Domestic and Economic Policy for the John Edwards for President 2008 campaign, and a Program Associate in Demos’ Economic Opportunity Program. Her writing and research on debt, financial services regulation, retirement and inequality have appeared in numerous outlets, including the Wall Street Journal, USA Today, the Detroit Free-Press and CNN. She is the co-author of a chapter on retirement insecurity in the book Inequality Matters: The Growing Economic Divide in America and its Poisonous Consequences (New Press, 2005).

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ADDITIONAL ISSUES Credit & Debt, Economy & Opportunity, Financial Reform, Inequality, Jobs & Public Investment, The Middle Class, Regulation & Oversight

ExperiencE • Program Associate, Economic Opportunity Program, Demos • Deputy Policy Director, Domestic and Economic Policy, John Edwards 2008 Presidential Campaign • Chairman, Systemic Risk and Resolution Authority Policy Task Force, Americans for Financial Reform

Education J.D., School of Law, University of California Berkeley B.A., American Studies, Yale University

143 Bob McIntyre

Director Citizens for Tax Justice

Citizens for Tax Justice [email protected] 1616 P Street NW (202) 299-1066 Suite 200 Annie Singer, Washington, DC 20036 Communications Director [email protected] (202) 299-1066 ext. 27

Bio Bob S. McIntyre is Director of Citizens for Tax Justice. CTJ is a nonpartisan research and advocacy group that fights for tax fairness at the federal, state and local levels. Widely respected on Capitol Hill as “the average taxpayer’s voice in Washington,” CTJ was ranked at the top of the Washington Monthly’s list of America’s “best public interest groups.” Since he began his career in tax reform in 1976, Bob has written hundreds of articles on tax policy issues, in publications like The Washington Post, The New York Times, The New Republic, and academic journals. He frequently appears on television and radio programs, and is a contributing editor at The American Prospect, where he wrote a column, “The Taxonomist,” from 2000 through

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2006. Bob often advises government officials on tax policy, both informally and in written testimony.

Education L.L.M., Georgetown University Law Center, 1976 J.D., University of Pennsylvania Law School, 1975 B.A., Providence College, 1970

145 Perry Mehrling Professor of Economics Barnard College

Barnard College [email protected] Department of Economics (212) 854-4369 3009 Broadway New York, NY 10027

Bio Perry G. Mehrling, Professor of Economics, joined the faculty of Barnard in 1987. He has held visiting positions at the Sloan School of Management at MIT and at Boston University. At Barnard, Professor Mehrling teaches courses on the economics of money and banking, the history of finance, and the financial dimensions of the U.S. retirement, health, and education systems. Professor Mehrling’s research focuses on the foundations of monetary economics and the history and applications of monetary economics and finance. He aims to develop a theory of money that takes as its starting point the inside credit character of modern money, in order to integrate monetary economics with modern finance, and so contribute to an alternative money theoretical basis for macroeconomics. Professor Mehrling is currently a member of the Board of Directors of the Eastern

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Economics Association, and a member of the Economists Forum at the Financial Times.

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 The Federal Reserve 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

Education Ph.D., Economics, Harvard University M.Sc., Econometrics & Mathematical Economics, London School of Economics B.A., Harvard University

147 Lawrence Mishel

President Economic Policy Institute

Economic Policy Institute [email protected] 1333 H Street, NW (202) 775-8810 Suite 300, East Tower Washington, DC 20005-4707

Bio Lawrence Mishel, a nationally-recognized economist, is President of the Economic Policy Institute, a role he assumed in 2002. Dr. Mishel first joined EPI in 1987 as Research Director. In the more than two decades he has been with EPI, Dr. Mishel has helped build it into the nation’s premier research organization focused on U.S. living standards and labor markets. Dr. Mishel has co-authored 11 editions of The State of Working America, a book which former U.S. Labor Secretary Robert Reich says “remains unrivaled as the most-trusted source for a comprehensive understanding of how working Americans and their families are faring in today’s economy.” The State of Working America has been an invaluable resource in newsrooms, classrooms, and halls of power since 1988.

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Dr. Mishel’s primary research interests include labor markets and education. He has written extensively on wage and job quality trends in the United States. He co-edited a research volume on emerging labor market institutions for the National Bureau of Economic Research. His 1988 research on manufacturing data led the U.S. Commerce Department to revise the way it measures U.S. manufacturing output. This new measure helped accurately document the long decline in U.S. manufacturing, a trend which is now widely understood.

Education Ph.D., Economics, University of Wisconsin M.A., Economics, American University B.S., Pennsylvania State University

149 Thomas Palley Schwartz Economic Growth Fellow New America Foundation

Economics for Democratic [email protected] and Open Societies (202) 667- 5518 1913 S Street, NW Washington, DC 20009

Bio Dr. Thomas Palley is an economist living in Washington DC. He holds a B.A. degree from Oxford University, and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University. He has published in numerous academic journals, and written for The Atlantic Monthly, American Prospect and Nation magazines. Dr. Palley has recently started a project, Economics for Democratic & Open Societies. The goal of the project is to stimulate public discussion about what kinds of economic arrangements and conditions are needed to promote democracy and open society. Dr. Palley was formerly Chief Economist with the US – China Economic and Security Review Commission. Prior to joining the Commission he was Director of the Open Society Institute’s Globalization Reform Project, and before that he was Assistant

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Director of Public Policy at the AFL-CIO.

ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Fannie/Freddie, Financial Markets, Housing Market Collapse, Securitization Budget & Tax Policy: Federal Budget, Government Investment, National Debt, Payroll Taxes Business: Corporate Incentives, Multinational corporations Economic Theory: Austerity, Capitalism, Economic Forecasting, Keynes v. Friedman The Federal Reserve Globalization: Developing Economies, International Competition, Trade Labor Force: Jobs, Unions Monetary Policy Social Investment: Social Security experience • Chief Economist, US-China Economic and Security Review Commission • Director, Globalization Reform Project at the Open Society Institute • Assistant Director, Public Policy, AFL-CIO

Education Ph.D., Economics, Yale University M.A., International Relations, Yale University B.A., Oxford University

151 Frank Partnoy

George E. Barrett Professor of Law and Finance School of Law, University of San Diego

University of San Diego [email protected] 5998 Alcalá Park (619) 260-2352 San Diego, CA 92110

Bio Professor Frank Partnoy is the George E. Barrett Professor of Law and Finance and the Director of the Center on Corporate and Securities Law at the University of San Diego. He is one of the world’s leading experts on the complexities of modern finance and financial market regulation. He worked as a derivatives structurer at Morgan Stanley and CS First Boston during the mid-1990s and wrote F.I.A.S.C.O.: Blood in the Water on Wall Street, a best-selling book about his experiences there. Since 1997, he has been a law professor at the University of San Diego, and an expert writing and speaking about markets to Congress, regulators, academics, and investors. He has written numerous opinion pieces for The New York Times and the Financial Times, and has published more than two dozen scholarly articles in academic journals including the Journal of Finance.

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ISSUES Banking & Finance: Bank Bail Out, Bank Bonuses, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Capitalism, Economy and Race, Economy and Gender Globalization: Developing Economies, International Competition

ExperiencE • Covington & Burling, Washington, DC, 1995-1997 • Derivative Products Group, Morgan Stanley & Co., New York, NY, 1994-1995 • Emerging Markets Derivatives Group, CS First Boston, New York, NY, 1993-1994 • Law Clerk, Hon. Michael B. Mukasey, U.S. District Judge, SDNY, New York, NY, 1992-1993

Education J.D., Yale University, 1992 B.A., University of Kansas, 1989 B.S., University of Kansas, 1989

153 Bob Pollin

Professor University of Massachusetts Amherst

University of Massachusetts [email protected] Gordon Hall (413) 577-0819 418 North Pleasant Street Suite A Amherst, MA 01002

Bio Bob Pollin is Co-Director of the Political Economy Research Institute at UMass Amherst. He received a Ph.D. in economics from the New School for Social Research in New York City in 1982. His research centers on macroeconomics, conditions for low-wage workers in the U.S. and globally, and financial markets. In the area of labor market policies, Professor Pollin has written extensively on the viability of “living wage” policies, including those proposed by policymakers in Los Angeles and Santa Monica, California; New Orleans, Louisiana; and Santa Fe, New Mexico. He is currently completing a manuscript, co-written with Professor James Heintz of PERI, on the economics of global sweatshops.

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In separate areas of policy work, he is currently co-directing a project on employment-targeted macroeconomic policies for South Africa, under the auspices of the United Nations Development Program (UNDP). He has worked previously with the UNDP in Bolivia, and has worked with the Joint Economic Committee of the U.S. Congress and as a member of the Capital Formation Subcouncil of the U.S. Competitiveness Policy Council.

ExperiencE • Worked with the United Nations Development Programme • United National Economic Commission on Africa • Worked with the Joint Economic Committee of the US Congress

Education Ph.D., Economics, New School for Social Research, 1982 M.A., Economics, New School for Social Research, 1979 B.A., History, University of Wisconsin, 1972

155 Robert Prasch Professor of Economics Middlebury College

Middlebury College [email protected] Department of Economics (802) 443-3419 Carr Hall 203 Middlebury, VT 05753

Bio Robert E. Prasch is Professor of Economics at Middlebury College where he teaches Monetary Theory and Policy, Macroeconomics, American Economic History, and the History of Economic Thought. He is the author of over 100 academic articles, book chapters, book reviews, in addition to multiple editorials and interviews in newspapers, radio, and online media including The Huffington Post, Common Dreams, New Economic Perspectives and Translation Exercises. The most recent of his three authored or co-edited books is How Markets Work: Supply, Demand and the ‘Real World’ (Edward Elgar, 2008). He has served on the editorial boards of the Review of Political Economy and the Journal of Economic Issues, and on the Board and as president of the Association for Evolutionary Economics (AFEE). Prior to Middlebury College, he taught at Vassar College,

156 TOPWONKS THE ECONOMY VOL. 01 the University of Maine, and San Francisco State University.

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: Federal Budget Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy Monetary Policy

ADDITIONAL ISSUES Monetary Theory and Policy, Macroeconomics, Keynesian Economics experience • Associate Professor, Middlebury College, Fall 2003-Spring 2008 • Visiting Scholar, U. C. Berkeley, Institute of Industrial Relations, Spring -Summer 2007 • Assistant Professor, Middlebury College, Fall 2002-Spring 2003 • Visiting Assistant Professor, Middlebury College, Fall 2000-Spring 2002 • Visiting Assistant Professor, Vassar College, Fall 1996-Spring 2000 • Assistant Professor, University of Maine, Orono, Fall 1990-Spring 1996 • Lecturer, San Francisco State University, Jan. 1989-May 1990 • Board of Editors, the Journal of Economic Issues • President, Association for Evolutionary Economics • Board of Directors, Association for Social Economics

Education Ph.D., Economics, University of California, Berkeley, 1982 M.A., Economics, University of Denver, 1986 B.A., Economics and History, University of Colorado, 1983

157 Nomi Prins

Senior Fellow Demos Independent Journalist, Author, and Speaker

Demos [email protected] 220 Fifth Avenue, 2nd Floor (917) 972-1192 New York, New York 10001

Bio Nomi Prins is an independent journalist, author and speaker. Her latest book is a dramatic historical novel about the 1929 crash, Black Tuesday. Her last book was It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street (Wiley, September, 2009/October 2010). She is the author of Other People’s Money: The Corporate Mugging of America (The New Press, October 2004), a devastating exposé into corporate corruption, political collusion and Wall Street deception, chosen as a Best Book of 2004 by The Economist, Barron’s and The Library Journal. Her book Jacked: How “Conservatives” are Picking your Pocket (whether you voted for them or not) (Polipoint Press, Sept. 2006) catalogs her travels around the US; talking to people about their economic lives. She has appeared on numerous TV programs: internationally for BBC World, BBC and

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RtTV, and nationally for CNN, CNBC, MSNBC, CSPAN, Democracy Now, Fox and PBS. She has been featured on hundreds of radio shows globally including CNN Radio, Marketplace, NPR, BBC, and Canadian Programming.

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: National Debt, Off Shore Tax Shelters, Privatization Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Capitalism The Federal Reserve Globalization: International Competition Monetary Policy experience • Managing Director, Goldman Sachs • Head, International Analytics Group at Bear Stearns London

Education Ph.D., Statistics, New York University M.A., Statistics and Operations Research, New York University B.A., Mathematics, SUNY Purchase

159 Eric Rauchway

Professor of History University of California Davis

University of California [email protected] Davis (530) 752-4343 Department of History 2216 Social Sciences & Humanities Davis, CA 95616

Bio Eric Rauchway is the author of The Great Depression and the New Deal: A Very Short Introduction and Blessed Among Nations: How the World Made America among other books. He is a professor of history at the University of California, Davis.

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ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses Budget & Tax Policy: Efficient Government, Government Investment, Social Insurance, Privatization Business: Multi-National Corporations Economic Theory: Austerity, Capitalism, Keynes v. Friedman The Federal Reserve Globalization: Developing Countries, International Competition, Trade Labor Force: Jobs, Living Wage, Retirement, Unemployment Insurance, Unions Monetary Policy Social Investment: Economic Mobility, Social Security, US Infrastructure

ExperiencE • Associate Professor, Department of History, University of California, Davis, 2001-2005 • University Lecturer, Faculty of Modern History, University of Oxford, 1998-2001 • Visiting Assistant Professor, Department of History, University of Nevada, Reno, 1996-1998

Education Ph.D., History, Stanford University, 1996 A.B. Cum Laude with Distinction in all Subjects, History, Cornell University, 1991

161 Sanjay Reddy Professor in Department of Economics New School for Social Research

New School for Social [email protected] Research (212) 229-5717 EXT 3071 6 East 16th Street Room 1116 New York, NY 10003

Bio Sanjay G. Reddy is an Associate Professor of Economics at The New School for Social Research. His areas of work include development economics, international economics, and economics and philosophy. Professor Reddy holds a Ph.D. in economics from Harvard University, an M.Phil. in social anthropology from the University of Cambridge, and an A.B. in applied mathematics with physics from Harvard University. He has held fellowships from the Center for Ethics and the Professions, the Center for Population and Development Studies at Harvard University, and the Center for Human Values at Princeton University. Most recently he received a research grant from the inaugural grants program of Institute for New Economic Thinking. He has conducted extensive research for development agencies and international institutions,

162 TOPWONKS THE ECONOMY VOL. 01 including the G-24 (group of developing countries), ILO, Oxfam, UNDESA (Department of Economic and Social Affairs, UN Secretariat), UNICEF, UNDP, UNU-WIDER (World Institute for Development Economics Research), UNRISD (UN Research Institute for Social Development), and the World Bank.

ISSUES Budget & Tax Policy: National Debt, Social Insurance, Efficient Government, Government Investment Business: Multinational corporations, Wealth Creation Economic Theory: Capitalism, Austerity, Economy and Race Globalization: International Competition, Developing Economies, Trade Labor Force: Living Wage Social Investment: Healthcare, Economic Mobility, Middle Class, Welfare, Anti-Poverty programs

Education Ph.D., Economics, Harvard University M.Phil., Social Anthropology, University of Cambridge A.B., Applied Mathematics with Physics, Harvard University

163 Y.V. Reddy

Professor Emeritus University of Hyderabad Honorary Fellow London School of Economics and Political Science Advisory Board Institute for New Economic Thinking (INET) International Advisory Board Columbia Program on Indian Economic Policies

University of Hyderabad [email protected] Gachibowli, Central 91-40-23551152 University P O Hyderabad - 500046, India

Bio Dr. Yaga Venugopal Reddy better known as Y.V. Reddy, is an Indian Administrative Service (IAS) officer who served as Governor of the Reserve Bank of India (RBI) (India’s central bank) from September 6th, 2003 until September 5th, 2008. Reddy has worked on piloting a calibrated approach to financial sector reforms. He is widely consulted on many financial issues by institutions both in India as well as the world over. Reddy received his M.A. in economics from Madras University Ramakrishna Mission Vivekananda College Mylapore, India. He holds a Ph.D. from Osmania University, Hyderabad. He holds a Diploma in Economic Planning from the Institute of Social Studies, Netherlands.

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165 Nouriel Roubini

Co-Founder and Manager Roubini Global Economics Professor of Economics, Stern School of Business, New York University Research Fellow National Bureau of Economic Research Research Fellow, Centre for Economic Policy Research, London, UK Member, Bretton Woods Committee Member, Council on Foreign Relations Roundtable on the International Economy Member, Academic Advisory Committee, Fiscal Affairs Department, International Monetary Fund

www.roubini.com [email protected] Roubini Global Economics (212) 998-0886 Corporate Headquarters (212) 645-0010 95 Morton Street, 6th Floor New York, New York 10014

Bio Nouriel Roubini is the cofounder and chairman of Roubini Global Economics, an independent, global macroeconomic and market strategy research firm. The firm’s website, Roubini.com, has been named one of the best economics web resources by BusinessWeek, Forbes, The Wall Street Journal and The Economist. He is a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then as the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises. The International Monetary Fund, World Bank and numerous other

166 TOPWONKS THE ECONOMY VOL. 01 prominent public and private institutions have drawn upon his consulting expertise. He has published over 70 theoretical, empirical and policy papers on international macroeconomic issues and coauthored the books “Political Cycles: Theory and Evidence” (MIT Press, 1997) and “Bailouts or Bail-ins? Responding to Financial Crises in Emerging Markets” (Institute for International Economics, 2004) and “Crisis Economics: A Crash Course in the Future of Finance” (Penguin Press, 2010). Dr. Roubini’s views on global economic issues are widely cited by the media, and he is a frequent commentator on various business news programs. He has been the subject of extended profiles in the New York Times Magazine and other leading current-affairs publications. The Financial Times has provided extensive coverage of Dr. Roubini’s perspectives.

Education Ph.D., Economics, Harvard University B.A., Bocconi University

167 Jeffrey Sachs Director of the Earth Institute, Columbia University Quelet Professor of Sustainable Development, Columbia University Professor of Health Policy and Management, Columbia University Special Advisor to United Nations Secretary General Ban Ki-moon Founder and Co-President, Millennium Promise Alliance Commissioner, Broadband Commission for Digital Development The Earth Institute, [email protected] Columbia University (212) 854-8704 405 Low Library, MC 4335 535 West 116th Street New York, NY 10027

Bio Jeffrey D. Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University. He is Special Advisor to United Nations Secretary-General Ban Ki-moon. From 2002 to 2006, he was Director of the UN Millennium Project and Special Advisor to United Nations Secretary-General Kofi Annan on the Millennium Development Goals, the internationally agreed to goals to reduce extreme poverty, disease, and hunger by the year 2015. Sachs is President and Co-Founder of Millennium Promise Alliance, a nonprofit organization aimed at ending extreme global poverty. He is widely considered to be the leading international economic advisor of his generation. For more than 20 years Professor Sachs has been at the forefront of the challenges of economic development,

168 TOPWONKS THE ECONOMY VOL. 01 poverty alleviation, and enlightened globalization, promoting policies to help all parts of the world to benefit from expanding economic opportunities and well-being. He is one of the leading voices for combining economic development with environmental sustainability, and as Director of the Earth Institute leads large-scale efforts to promote the mitigation of human-induced climate change. In 2004 and 2005 he was named among the 100 most influential leaders in the world by Time Magazine, and was awarded the Padma Bhushan, a high civilian honor bestowed by the Indian Government, in 2007. Sachs was the 2007 BBC Reith Lecturer. He is the first holder of the Royal Professor Ungku Aziz Chair in Poverty Studies, at the Centre for Poverty and Development Studies, University of Malaya. He is author of hundreds of scholarly articles and many books, including the New York Times bestsellers Common Wealth: Economics for a Crowded Planet (Penguin 2008) and The End of Poverty (Penguin, 2005). Sachs is a Research Associate for the National Bureau of Economic Research. Prior to joining Columbia, Sachs spent over twenty years at Harvard University, most recently as Director of the Center for International Development.

ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Financial Markets. Fannie/Freddie, 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 Globalization: Developing Economies, International Competition, Trade Monetary Policy

Education Ph.D., Harvard University M.A., Harvard University B.A., Harvard University

169 John Schmitt

Senior Economist Center for Economic and Policy Research Research Associate Economic Policy Institute

Center for Economic and [email protected] Policy Research (202) 293-5380 1611 Connecticut Avenue NW Suite 400 Washington, DC 20009

Bio John Schmitt is a senior economist with the Center for Economic and Policy Research in Washington, DC. He has worked as a consultant for national and international organizations including the American Center for International Labor Solidarity, the Global Policy Network, the International Labor Organization, the United Nations Economic Commission for Latin America, and others. A visiting lecturer at the Pompeu Fabra University (Barcelona), Schmitt has contributed to The American Prospect, The Boston Review, Challenge, The Guardian, The International Herald Tribune, The Washington Post, and other newspapers and magazines.

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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 Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Globalization: Developing Economies, International Competition, Trade 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, London School of Economics M.Sc., Economics, London School of Economics B.A., Public and International Affairs, Princeton University

171 Mark Schmitt

Senior Fellow and Director of the Fellows Program Roosevelt Institute

The Roosevelt Institute [email protected] 570 Lexington Avenue (202) 776-0730 18th Floor New York, NY 10022

Bio Mark Schmitt is a noted voice on reform of the political process and an expert on campaign finance, congressional procedure, and state- level politics. He has written extensively on Budget & Tax Policy, and on the history and role of ideas in politics. In 2005, Mr. Schmitt began a monthly column, “The Out Years,” in The American Prospect; in 2009, he changed the name of the column to “Ways and Means”. Mr. Schmitt has written for The New Republic, The Financial Times, and many other publications, and has contributed chapters to numerous books. In 2003, he launched The Decembrist, which was named one of the five best political blogs in 2004 by Forbes. He is a frequent contributor to the widely read blog, TPMCafe. Previously, Mr. Schmitt served as the executive editor of The American Prospect. Before joining the New America Foundation, Mr. Schmitt was Director

172 TOPWONKS THE ECONOMY VOL. 01 of Policy and Research at the Open Society Institute, and served for seven years in the U.S. Senate as a speechwriter and later as Policy Director for Sen. Bill Bradley. He was a senior policy advisor on Bradley’s 2000 presidential campaign. Schmitt serves on the boards of the Center for Policy Alternatives and the Proteus Fund. As a Senior Fellow at the New America Foundation, Mr. Schmitt works on developing new approaches to finding the balance between money and expression in the political process, as well as on tax and budget policy. He is working on a book on the emergence of strong political parties in the United States.

Education B.A., Yale University, 1984

173 Juliet Schor

Professor of Sociology Boston College Co-Founder and Co-Chair Board of the Center for a New American Dream

Boston College [email protected] McGuinn Hall 519 (617) 552-4056 140 Commonwealth Avenue Chestnut Hill, MA 02467

Bio Juliet Schor is a Professor of Sociology at Boston College. Before joining Boston College, she taught at Harvard University for 17 years in the Department of Economics and the Committee on Degrees in Women’s Studies. Her most recent book is True Wealth: How and Why Millions of Americans are Creating a Time-Rich, Ecologically Light, Small-Scale, High-Satisfaction Economy (2011 by The Penguin Press, previously published as Plenitude). She wrote the national best-seller The Overworked American, The Overspent American and Born to Buy. Schor is a Co-Founder and Board Co-Chair of the Center for a New American Dream, a former Guggenheim Fellow, and the 2011 winner of the Herman Daly Prize. In 2006 Schor was awarded the Leontief Prize for expanding the frontiers of economic thought.

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ISSUES Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Race, Economy and Gender, Keynes v Friedman, Service Economy Labor Force: Family/Medical leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions experience • Senior Scholar, Center for Humans and Nature, 2011 • Professor of Sociology, Boston College, July 2001-present. Department Chair, July 2005-2008 • Visiting Professor, Yale School of Environment and Forestry, Spring 2010 • Director, Women’s Studies, Harvard University, 1997-July 2001 • Professor, Economics of Leisure Studies, University of Tilburg, 1995-2001 • Senior Lecturer, Economics, Harvard University, 1992-1996 • Associate Professor of Economics, Harvard University, 1989-1992 • Research Advisor, Project on Global Macropolicy, World Institute for Development Economics Research, United Nations, 1985-1992 education Ph.D., Economics, University of Massachusetts B.A., Wesleyan University books Juliet Schor. True Wealth: How and Why Millions of Americans Are Creating a Time-Rich, Ecologically Light, Small-Scale, High-Satisfaction Economy. (Penguin, 2011) Juliet Schor. Plenitude: The New Economics of True Wealth (The Penguin Press, 2010) Juliet Schor. Born to Buy: The Commercialized Child and the New Consumer Culture (Scribner, 2004) Juliet Schor, Co-Editor. Sustainable Planet: Solutions for the Twenty- first Century (Beacon Press, 2002) Juliet Schor. Do Americans Shop Too Much? (Beacon Press, 2000)

175 Sherle Schwen- ninger Director Economic Growth Program and American Strategy Program New America Foundation Senior Fellow World Policy Institute

The New America Foundation schwenninger@newamerica. 1899 L Street NW net Suite 400 (202) 986-2700 Washington, DC 20036

Bio Sherle Schwenninger directs the New America Foundation’s Economic Growth and American Strategy Programs. One of the founders of New America, he is the former director of the Bernard L. Schwartz Fellows Program. Mr. Schwenninger was founding editor of World Policy Journal from 1983 to 1992, and served as Director of the World Policy Institute at The New School from 1992 to 1996. He was Director of the Institute’s Policy Studies Program and its Transnational Academic Program. More recently, Mr. Schwenninger served as Senior Program Coordinator for the Project on Development, Trade, and International Finance at the Council on Foreign Relations, and is the author, with Walter Russell Mead, of the CFR publication A Financial Architecture for Middle-Class-Oriented Development. He remains at the World Policy Institute as a Senior

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Fellow. Mr. Schwenninger writes and speaks frequently on American foreign policy and international economic strategy.

ISSUES Budget & Tax Policy: Discretionary Spending, Government Investment, National Debt, Social Insurance Business: Multinational Corporations, Wealth Creation Economic Theory: Austerity, Capitalism, Keynes v. Friedman Globalization: Developing Economies, International Competition, Trade Labor Force: Jobs Monetary Policy Social Investment: Middle Class, Social Security, US Infrastructure experience • Director, Bernard L. Schwarz Fellows Program • Founding Editor, World Policy Journal, 1983-1992 • Senior Program Coordinator, Project on Development, Trade, and International Finance, Council on Foreign Relations, 1999-2000 • Director, World Policy Institute, The New School, 1992-1996 • Director, Policy Studies Program, World Policy Institute • Director, Transnational Academic Program, World Policy Institute, 1979-1982 • Managing Editor, Alternatives, 1979-1982 • Assistant Dean and Lecturer, American University School of Law, 1978-79

Education J.D., The George Washington University Law School B.A. with High Distinction, University of Nebraska

177 Nina Shapiro

Professor of Economics Saint Peter’s College

Saint Peter’s College [email protected] 2641 John F. Kennedy Blvd. Jersey City, NJ 07306

Bio Nina Shapiro is Professor of Economics at Saint Peter’s College, New Jersey, and a member of the editorial board of the Journal of Post Keynesian Economics. She did her graduate work in economics at the New School for Social Research, and taught for a number of years at Rutgers University, where she directed graduate study in the history of economic thought. Her work spans the fields of macro and microeconomics, with her most recent publications on the macroeconomic effects of competition and its imperfection. She co-edited a volume on the economics of Josef Steindl: Rethinking Capitalist Development (2005), and is currently working on a book on the firm in economic thought.

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ISSUES Economic Theory: Competition and Employment, Keynesian Economics Business: Corporate Governance, Innovation

Education Ph.D., New School for Social Research B.A., University of Wisconsin

179 Heidi Shierholz Economist Economic Policy Institute

Economic Policy Institute (202) 775-8810 1333 H Street NW Suite 300, East Tower Washington, DC 20005-4707

Bio Heidi Shierholz has researched, written, and spoken widely on the economy and economic policy as it affects middle and low-income families, especially in regards to employment, unemployment, compensation, income and wealth inequality, young workers, unemployment insurance, the minimum wage, and the effects of immigration on the US labor market. She was a coauthor of The State of Working America 2008/2009, is a frequent contributor to broadcast and radio news outlets including: ABC, CBS, NBC, CNN and NPR, and is regularly quoted in print and online media outlets, including The New York Times, Washington Post and the Huffington Post. She has testified in Congress on labor market issues. She is a member of the Board of Directors of the DC Employment Justice Center.

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She joined EPI in 2007, after having worked as an Assistant Professor of Economics at the University of Toronto.

ISSUES Labor Force: Jobs, Living Wage, Unemployment Insurance Social Investment: Economic Mobility, Workforce Development

ExperiencE • Assistant Professor of Economics, University of Toronto • Board of Directors, DC Employment Justice Center

Education Ph.D., Economics, University of Michigan M.S., Statistics, Iowa State University B.A., Mathematics, Grinnell College

181 Robert Shiller

Arthur M. Okun Professor of Economics Yale University

Yale University [email protected] Cowles Foundation for (203) 432-3708 Research in Economics Box 208281 New Haven, CT 06511-8281

Bio Robert J. Shiller is the Arthur M. Okun Professor of Economics, Department of Economics and Cowles Foundation for Research in Economics, Yale University, and Professor of Finance and Fellow at the International Center for Finance, Yale School of Management. He has written on financial markets, financial innovation, behavioral economics, macroeconomics, real estate, statistical methods, and on public attitudes, opinions, and moral judgments regarding markets. His 1989 book Market Volatility (MIT Press) is a mathematical and behavioral analysis of price fluctuations in speculative markets. His 1993 book Macro Markets: Creating Institutions for Managing Society’s Largest Economic Risks (Oxford University Press) 3proposes a variety of new risk-management contracts, such as futures contracts in

182 TOPWONKSTOPWONKS THETHE ECONOMY VOL. 01 national incomes or securities based on real estate that would permit the management of risks to standards of living. His book Irrational Exuberance (Princeton 2000, Broadway Books 2001, 2nd edition Princeton 2005) is an analysis and explication of speculative bubbles, with special reference to the stock market and real estate. His book The New Financial Order: Risk in the 21st Century (Princeton University Press, 2003) is an analysis of an expanding role of finance, insurance, and public finance in our future. His book Subprime Solution: How the Global Financial Crisis Happened and What to Do about It, published in September 2008 by Princeton University Press, offers an analysis of the housing and economic crisis and a plan of action against it. He co-authored, with George A. Akerlof, Animal Spirits: How Human Psychology Drives the Economy and Why It Matters for Global Capitalism published in March 2009 by Princeton University Press. He co- authored with Randall Kroszner Reforming U.S. Financial Markets: Reflections before and beyond Dodd-Frank published in March 2011 by MIT Press.

Education Ph.D., Economics, M.I.T., 1972 B.A., University of Michigan, 1967

183 Damon A. Silvers

Associate General Counsel AFL-CIO

AFL-CIO [email protected] 815 16th Street NW (202) 637-5018 Washington, DC 20006

Bio Damon A. Silvers is an Associate General Counsel for the AFL- CIO. Mr. Silvers’ responsibilities include corporate governance, pension and general business law issues. Mr. Silvers led the AFL- CIO legal team that won severance payments for laid off Enron and WorldCom workers. He has testified before numerous Congressional committees on issues arising out of the collapse of Enron. Mr. Silvers is Counsel to the Chairman of ULLICO Inc., where he has assisted a new management team address a business crisis arising out of serious misconduct by prior management. Mr. Silvers is a member of the Public Company Accounting Oversight Board Standing Advisory Group, the Financial Accounting Standards

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Board User Advisory Council, the American Academy of Arts and Sciences Corporate Governance Task Force, the New York Stock Exchange’s Stock Options Voting Task Force and was a member of the Advisory Committee on Analyst Independence to the House Capital Markets Subcommittee. He is a member of the American Bar Association’s Subcommittee on International Corporate Governance.

Mr. Silvers received his J.D. with honors from Harvard Law School. He received his M.B.A. with high honors from Harvard Business School and is a Baker Scholar. Mr. Silvers is a graduate of Harvard College, summa cum laude, and has studied history at Kings College, Cambridge University.

ExperiencE • Law Clerk, Delaware Court of Chancery for Chancellor William T. Allen and Vice-Chancellor Bernard Balick • Assistant Director, Office of Corporate and Financial Affairs for the Amalgamated Clothing and Textile Workers Union • Research Director, Harvard Union of Clerical and Technical Workers, AFSCME • Worked at Credit Suisse First Boston • Worked at law firm of Cravath, Swaine & Moore

Education M.B.A. with high honors, Harvard Business School J.D. with honors, Harvard Law School A.B. Summa Cum Laude, Harvard College

185 Anne Simpson

Executive Senior Portfolio Manager California Public Employee’s Retirement System (CalPERS) Head of Corporate Governance California Public Employee’s Retirement System (CalPERS) Senior Faculty Fellow and Lecturer Yale University School of Management

California Public Employees’ anne_simpson@calpers. Retirement System ca.gov Lincoln Plaza East (916) 795-3829 400 Q Street Sacramento, CA 95811

Bio Anne Simpson serves as Senior Portfolio Manager and head of Corporate Governance at the California Public Employees’ Retirement System (CalPERS), the largest public pension fund in the United States. With more than $235 billion in market assets, CalPERS provides retirement and health benefits to more than 1.6 million public employees, retirees and their families. Prior to joining CalPERS in mid 2009, Anne served as Executive Director of the International Corporate Governance Network (ICGN), an organization that represents investors responsible for $15 trillion in global assets—roughly the value of the entire U.S. or EU economy. Anne has authored two books on corporate governance, and serves as

186 TOPWONKS THE ECONOMY VOL. 01 a Senior Faculty Fellow and Lecturer at Yale University’s School of Management. She is a graduate of Oxford University, and was a Slater Fellow at Wellesley College.

ExperiencE • Executive Director, International Corporate Governance Network (ICGN) • Senior Faculty Fellow and Lecturer, School of Management, Yale University • Head, Global Corporate Governance Forum, World Bank • Joint Managing Director, Investment Firm PIRC Ltd in London

Education Politics, Philosophy & Economics, Oxford University Slater Fellow, Development Economics, Wellesley College

187 Stan Sporkin

Ombudsman BP America, Inc.

1130 Connecticut Avenue NW Stanley.Sporkin@ Suite 500 stanleysporkin.com Washington, DC 20036 (202) 248-6800

Bio Formerly a partner with the international law firm of Weil, Gotshal & Manges, Judge Stanley Sporkin (retired) recently became a sole practitioner as part of his new role as leader of BP’s Ombudsman Program. Judge Sporkin’s practice consists of counseling parties in SEC, Corporate Governance and Litigation Matters. Because of his judicial background, he acts as an arbitrator and provides mediation services. Judge Stanley Sporkin attended Pennsylvania State University from 1949-1953 and received his law degree from Yale University in 1957. Judge Sporkin spent twenty years with the SEC serving the last seven as the Director of the Division of Enforcement. He then went to the CIA where he served five years as the General Counsel. In 1985, President Ronald Reagan appointed him to the Federal Bench where he served as a United States District Judge

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for the District of Columbia for 14 years. Judge Sporkin is a Certified Public Accountant.

ISSUES Budget & Tax Policy: Efficient Government Business: Multi-National Corporations

additional ISSUES Accounting, Law experience • Arthur Spiegel Research Professor, Santa Fe Institute, 200Partner, law firm of Weil, Gotshal & Manges • United States District Judge, District of Columbia • General Counsel, CIA, 1981-1986 • Director, SEC Division of Enforcement education LL.B., Yale Law School, 1957 A.B., Pennsylvania State University, 1953

189 Joseph E. Stiglitz

Professor Graduate School of Arts & Sciences; School of International and Public Affairs; Columbia Business School Co-Founder and Co-President Initiative for Policy Dialogue Co-Chair Columbia University Committee on Global Thought President International Economic Association

Columbia University joseph.stiglitz@sipa. 3022 Broadway columbia.edu Uris Hall, Room 814 (212) 854-0671 New York, NY 10027

Bio Joseph E. Stiglitz is a professor of finance and business at Columbia University and chair of the University’s Committee on Global Thought. In 2001, Stiglitz was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. He was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. He has made major contributions to macro-economic and monetary theory, development economics and trade theory, public and corporate finance, the theories of industrial organization and rural organization, and the theories of welfare economics and of income and wealth distribution. Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. His book Globalization and Its

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Discontents (W.W. Norton, June 2001) has been translated into 35 languages, and has sold more than one million copies worldwide.

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 Globalization: Developing Economies, International Competition, Trade 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 experience • Chair, International Commission on the Measurement of Economic Performance and Social Progress, appointed by French President Sarkozy, 2008-2009 • Chair, Commission of Experts on Reforms of the International Monetary and Financial System, appointed by the President of the General Assembly of the United Nations. • Professor of Economics and Senior Fellow, Hoover Institution, Stanford University, 1988–2001 • Senior Vice President and Chief Economist, World Bank, 1997–2000 • Senior Fellow, Brookings Institution, 2000 • Chairman, Council of Economic Advisors, 1995- 1997 • Research Associate, National Bureau of Economic Research • Senior Fellow, Institute for Policy Reform • Professor of Economics, Princeton University, 1979 - 1988 education Ph.D., Economics, M.I.T., 1966-67 B.A., Amherst College, 1964

191 Lynn A. Stout

Marc and Beth Goldberg Distinguished Visiting Professor Cornell Law School Paul Hastings Distinguished Professor of Corporate and Securities Law, University of California Los Angeles Law School

University of California Los [email protected] Angeles 385 Charles E. Young Drive 1242 Law Building Los Angeles, CA 90095

Bio Professor Lynn A. Stout is the Paul Hastings Distinguished Professor of Corporate and Securities Law at the University of California, Los Angeles School of Law. Professor Stout is an internationally recognized expert in the fields of corporate governance, securities regulation, financial derivatives, law and economics, and moral behavior. Stout is the author of numerous articles and books on these topics and lectures widely. Her most recent books are Cultivating Conscience: How Good Laws Make Good People (Princeton University Press, 2011) and The Shareholder Value Myth: How Putting Shareholders First Harms Investors, Corporations, and the Public (Berrett-Koehler Publications, May 2012). Professor Stout is an Independent Trustee and Chair of the Governance Committee for the Eaton Vance family of mutual funds, a

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member of the Board of Advisors for the Aspen Institute’s Business & Society Program, an Executive Advisor to the Brookings Project on the Purpose of the Corporation, and a Research Fellow for the Gruter Institute for Law and Behavioral Research. She has been a Principal Investigator for the UCLA-Sloan Foundation Research Program on Business Organizations, a member of the Board of Directors of the American Law and Economics Association, a Chair of the American Association of Law Schools Section on Law and Economics, and as Chair of the American Association of Law Schools Section on Business Associations. Professor Stout has taught at Harvard Law School, NYU Law School, Georgetown University Law School, and The George Washington University National Law Center.

ISSUES Banking & Finance: Bank Bail Out, Bank Bonuses, Too Big To Fail, Financial Markets, Housing Market Collapse, Securitization Budget & Tax Policy: Government Investment, Privatization, Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Capitalism, Service Economy The Federal Reserve Globalization: Developing Economies, International Competition, Trade Monetary Policy Social Investment: Economic Mobility, Middle Class, Social Security, US Infrastructure, Welfare

ADDITIONAL ISSUES Corporate Fraud, Corporate Behavior, Derivatives Regulation, Hedge Funds, Insider Trading, Mutual Funds, Performance, Pension Funds, Savings and Investment, Shareholder Activism, Shareholder Democracy, Speculation, Stock Market

Education J.D., Yale Law School M.P.A., Princeton University B.A., Summa Cum Laude, Princeton University

193 Walker F. Todd

Research Fellow American Institute for Economic Research

American Institute for [email protected] Economic Research (440) 338-1169 250 Division Street PO Box 1000 Great Barrington, MA 01230

Bio Walker F. Todd, research fellow and conference organizer for the American Institute for Economic Research, lives in Chagrin Falls, Ohio, near Cleveland, and has been affiliated with AIER in one capacity or another since 1995. An instructor in the AIER Summer Fellowship Program, he teaches a course on the history and origins of competing theories of property rights. He is an attorney admitted to practice in Ohio and New York and is an economic consultant with 20 years’ experience at the Federal Reserve Banks of New York and Cleveland. He has been an instructor in the Special Studies program at Chautauqua Institution, Chautauqua, NY, since 1997. A director and program organizer for the Committee for Monetary Research and Education, he was an adjunct faculty member of the Cleveland- Marshall College of Law, Cleveland State University, for 13 years. He

194 TOPWONKS THE ECONOMY VOL. 01 has numerous publications, both for AIER and for others, on banking, central banking, monetary and property rights topics, including those related to international debt, the International Monetary Fund, and the regulation of the banking system and financial markets.

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 The Federal Reserve Globalization: Developing Economies, International Competition, Trade Monetary Policy education Ph.D., French, Columbia University J.D., Boston University School of Law

195 Lynn E. Turner Managing Director LitiNomics, Economics and Forensic Consulting Firm Senior Advisor Kroll Zolfo Cooper Former Chief Accountant Securities and Exchange Commission

LitiNomics, Inc. [email protected] 444 South Flower Street (303) 469-7562 Suite 2140 Los Angeles, CA 90071

Bio Mr. Turner has the unique perspective of having been the Chief Accountant of the Securities and Exchange Commission, a member of boards of public companies, a trustee of a mutual fund and a public pension fund, a professor of accounting, a partner in one of the major international auditing firms, and the managing director of a research firm. In 2007, Treasury Secretary Paulson appointed him to the Treasury Committee on the Auditing Profession. Mr. Turner served as the Chief Accountant of the Securities and Exchange Commission (SEC) from July 1998 to August 2001. As Chief Accountant, Mr. Turner was the principal advisor to the SEC Chairman and Commission on auditing and financial reporting and disclosure by public companies in the U.S. capital markets as well as the related corporate governance matters.

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These issues included the oversight and development of U.S. auditing, accounting and disclosure standards, as well as matters affecting audit committees of public companies. In that capacity, Mr. Turner worked on development of rules and regulations, worked regularly with Congress, various federal and state government agencies, international regulators, representatives of industry, and the accounting profession. Mr. Turner has received honorary doctorates in Business Administration from Central Michigan University and Grand Valley State University. He is a two time recipient of the SEC Chairman’s Award for Excellence. He has been named to the list of Top 100 Accountants in the U.S. He has received the national award for Business Information (Accountant) Professional of the Year from Beta Alpha Psi, the National Accounting Honorary Society. He has been awarded the American Accounting Association Exemplar award. He has received the Max Block Distinguished Article Award from the New York Society of CPA’s. He has been named the Colorado State University College of Business Alumni of the Year. Mr. Turner is a member of the Colorado Society of Certified Public Accountants (CSCPA), the American Institute of Certified Public Accountants, and the Financial Executives International.

ISSUES Banking & Finance: Financial Markets, Ratings Agencies Business: Corporate Incentives Economic Theory: Capitalism

Education M.A., Accounting, University of Nebraska B.A., Business Administration with concentration in Accounting, Colorado State University

197 Edward N. Wolff

Professor of Economics New York University

Department of Economics [email protected] New York University (212) 998 8917 19 West 4th Street, 6th Floor New York, NY 10003

Bio Edward N. Wolff is a professor of economics at New York University, where he has taught since 1974. His principal research areas are income and wealth distribution and productivity growth. Edward’s work on wealth and wealth disparity has received wide attention. He has acted as a consultant with the Economic Policy Institute, the World Bank, the United Nations, the WIDER Institute, and Mathematica Policy Research. He is the author/co-author of: Growth, Accumulation, and Unproductive Activity: An Analysis of the Post-War U.S. Economy. He received his Ph.D. from Yale University in 1974.

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ISSUES Labor Force: Retirement Social Investment: Middle Class, Social Security

ExperiencE • Visiting Scholar, Russell Sage Foundation, 2003-2004 • Research Associate, National Bureau of Economic Research, 2001- • Senior Scholar, Levy Economics Institute of Bard College, 1999- • Director, Institute for Economic Analysis, New York University-1998-2001 • Managing Editor, Review of Income and Wealth, 1987-2004 • Professor of Economics, New York University, 1984- • Associate Professor of Economics, New York University, 1979-1984 • Assistant Professor of Economics, New York University, 1974-1979 • Research Associate, National Bureau of Economic Research, 1974-1977

Education Ph.D., Yale University, 1974 M.Phil., Yale University, 1972 A.B., Harvard University, 1968

199 Nicole Woo

Director Domestic Policy Center for Economic and Policy Research

Center for Economic and [email protected] Policy Research (202) 293-5380 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009

Bio Nicole Woo has worked on domestic hunger policy as the Associate Director of the New York City Coalition Against Hunger and as a Senior Policy Analyst at the Food Research and Action Center. She also has worked as a fundraiser and director of administration for several non-profit organizations in New York City and Washington, DC.

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ISSUES Banking & Finance: Housing Market Collapse Budget & Tax Policy: Federal Budget, National Debt, Payroll Taxes Economic Theory: Austerity, Economy and Race Labor Force: Jobs, Living Wage, Unions Social Investment: Social Security experience • Leland Fellow, Akshaya Patra Foundation, August 2007 – July 2008 • Leland Fellow, Congressional Hunger Center, July 2007 – July 2008 • Director, Finance Center for Economic and Policy Research, March 2005 – July 2007 • Senior Policy Analyst, Food Research and Action Center, 2001 - 2005 • Account Executive, Susan Ulin Associates, 2000 - 2001 • Associate Director, New York City Coalition Against Hunger, 1998 - 2000 • Director of Administration, Preamble Center for Public Policy, 1997- 1998

Education B.A., Government, Harvard University, 1993

201 L. Randall Wray Professor of Economics University of Missouri - Kansas City Director Center for Full Employment and Price Stability

University of Missouri- [email protected] Kansas City (816) 235-5687 Department of Economics 211 Haag Hall 5100 Rockhill Road Kansas City, Missouri 64110

Bio L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City, a Senior Research Associate at the Center for Full Employment and Price Stability, as well as a visiting Senior Scholar at the Jerome Levy Economics Institute of Bard College. Professor Wray has focused on monetary theory and policy, macroeconomics, and employment policy. He is currently writing on modern money, the monetary theory of production, social security, and rising incarceration rates (Penal Keynesianism). He is developing policies to promote true full employment, focusing on Hyman P. Minsky’s “employer of last resort” proposal as a way to bring low- skilled, prime-age males back into the labor force. Wray’s research has appeared in numerous books and journals including Journal of Post Keynesian Economics, and the Journal of Economic Issues.

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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 The Federal Reserve experience • Visiting Professor, University of Paris-South, 2006 • Visiting Professor, University of Rome--La Sapienza, 2002-03 and 2006 • Visiting Professor, Universidad Nacional Autonoma de Mexico— Mexico City (various occasions) • Senior Scholar, Levy Economics Institute 1997-present. • Associate Professor, Economics Department, University of Denver, 1993- August 1999 • Fulbright Research Scholar, University of Bologna, Italy, 1994-95 • Research Associate, The Jerome Levy Economics Institute, 1993-1997 • Bernardin Professor, University of Missouri-Kansas City, Fall 1996 • Resident Scholar, The Jerome Levy Economics Institute, 1992-93 • Assistant Professor of Economics, University of Denver, September 1987 - 1993 • Teaching Assistant, Johns Hopkins Bologna Center, Fall 1986 • Instructor of Economics, Washington University, University College, 1985 - 1986 • Instructor of Economics, St. Louis Community College at Forest Park, Spring 1986 • Teachers Assistant, Washington University, 1984 - 1986 • Graduate Research Assistant, California State Energy Resources Commission, 1983

Education Ph.D., Economics, Washington University in St. Louis, 1988 M.A., Economics, Washington University in St. Louis, 1985 B.A., Social Sciences, University of the Pacific, Stockton, 1976

203 About Agenda Project The Agenda Project is an education, research and communications institution that seeks to make the well being of regular Americans the primary driver of public policy. To that end, the Agenda Project challenges individuals and institutions of power that manipulate public policy for their own —rather than the publics— interest; and refutes ideologies that serve as the rationale for intellectually-unsound policies that do not serve the American people.

For many citizens, our country’s defining aspiration —that all people deserve the freedom to realize their full, individual potential— is increasingly unattainable. Our system of representative self- governance, which was designed to facilitate the prosperity of our citizens, has been over-taken by a small group of self-interested actors. Rather than meeting their constitutional obligation to represent the interests of their fellow citizens, politicians act as stewards of their own political capital. Ideological fervor, sensationalist media, flawed theory, intentionally obtuse laws, an incomprehensible legislative process, and blatant (often legal) corruption exacerbate the ineffectiveness of our political system.

Our goal is to return normal Americans to the center of the policy debate by cultivating an understanding of public policy, and by connecting the best ideas and the strongest leaders with engaged citizens, the media, members of Congress, key congressional staff members, executive branch policymakers, and other influential communities.

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Erica Payne Editor-In-Chief Erica Payne is the Founder and President of The Agenda Project and The Agenda Project Action Fund and the Editor-In-Chief of The Daily Agenda. She is a public policy expert, commentator, author and strategist. Prior to founding The Agenda Project, Payne was the principal of the Tesseract Group, a boutique consulting firm that provided strategy and communications expertise to public policy organizations. Tesseract clients included the Brennan Center for Justice at NYU Law School, the Roosevelt Institute, and the Center for Independent Media among others. Prior to Tesseract, Payne co-founded the Democracy Alliance, a public-policy donor collaborative. She has held senior marketing positions in the private sector and management and consulting positions in the political sector. Payne has appeared on CNN, CNBC, MSNBC, Fox News and Fox Business. She is the author of The Practical Progressive: How to Build a 21st Century Political Movement, which Hendrick Hertzberg of the New Yorker call ‘indispensable.’ Payne has an MBA from the Wharton School at the University of Pennsylvania (2000) and a BA from the University of North Carolina at Chapel Hill (1991).

Ramon K. Castillo Managing Editor Ramon K. Castillo is an undergraduate student of Philosophy and Political Science at Columbia University. He is the Senior Associate of Policy and Strategy at the Agenda Project.

205 Index Sarah Anderson...... 34 Ethan Kaplan...... 118 Marcellus Andrews...... 36 Sony Kapoor...... 120 Greg Anrig...... 38 Stephanie Kelton...... 122 Eileen Appelbaum...... 40 David Kennedy...... 124 Algernon Austin...... 42 Naomi Klein...... 126 Dean Baker...... 44 Michael Konczal...... 128 Linda Bilmes...... 46 Jan Kregel...... 130 William Black...... 48 Robert Kuttner...... 132 Alan Blinder...... 50 Lance Lindblom...... 134 Brooksley Born...... 52 Henry C.K. Liu...... 136 Bob Borosage...... 54 Barry Lynn...... 138 James Bothwell...... 56 Jeffrey Madrick...... 140 Heather Boushey...... 58 Heather McGhee...... 142 Samuel Bowles...... 60 Bob McIntyre...... 144 James Boyce...... 62 Perry Mehrling...... 146 Timothy Canova...... 64 Lawrence Mishel...... 148 Gerard Caprio...... 66 Thomas Palley...... 150 Jim Chanos...... 68 Frank Partnoy...... 152 Diane Coyle...... 70 Bob Pollin...... 154 James Crotty...... 72 Robert Prasch...... 156 William Darity...... 74 Nomi Prins...... 158 Kemal Dervis...... 76 Eric Rauchway...... 160 Randall Dodd...... 78 Sanjay Reddy...... 162 Tamara Draut...... 80 YV Reddy...... 164 Arindrajit Dube...... 82 Nouriel Roubini...... 166 Stuart Ewen...... 84 Jeffrey Sachs...... 168 Tom Ferguson...... 86 John Schmitt ...... 170 Nancy Folbre...... 88 Mark Schmitt ...... 172 Steve Fraser...... 90 Juliet Schor...... 174 Richard Freeman...... 92 Sherle Schwenninger...... 176 James Galbraith...... 94 Nina Shapiro...... 178 Teresa Ghilarducci...... 96 Heidi Shierholz...... 180 Dan Goroff...... 98 Robert Shiller...... 182 Michael Greenberger...... 100 Damon Silvers...... 184 Jacob Hacker...... 102 Anne Simpson...... 186 Heidi Hartmann...... 104 Stan Sporkin...... 188 Bob Herbert...... 106 Joseph Stiglitz...... 190 Leo Hindery, Jr...... 108 Lynn Stout...... 192 Arjun Jayadev ...... 110 Walker Todd...... 194 Robert Johnson...... 112 Lynn Turner...... 196 Simon Johnson...... 114 Edward Wolff...... 198 Cassandra Jones-Havard..... 116 Nicole Woo ...... 200 Randall Wray...... 202

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207 Our economy— once a powerful vehicle for the realization of our individual and common goals— no longer offers a sure ride to prosperity. For many citizens, our country’s defining aspiration— that all people deserve the freedom to realize their full, individual potential— is increasingly unattainable. 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.

Visit www.topwonks.org edited by Cover design by Megan Bullock ERICA PAYNE

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