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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...........................
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