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Preface xiii
Chapter 1 Dialogue of the Deaf 1 What to Do About It What Went Wrong: Origins of the Dialogue of the Deaf The Role of Deductive versus Inductive Logic in Policy Analysis The Illogic of Policy Analysis Today What Must Be Done to Raise the Level of Debate Chapter 2 Must There Be a Lost Decade? 23 A Socratic Dialogue with the President Explains Why Not Reasons for Lackluster Growth During the Remainder of this Decade "Good" versus "Bad" Deficits, and the Main Policy Proposal The Identifi cation and Ranking of Public Investment Projects by Their Return When Huge Defi cits Are Justifi ed: A Unifi cation of the Arrow-Kurz and Keynesian Theories Chapter 3 Resolving the Entitlements Spending Crisis 75 How to Drive Health-Care Spending Down while Increasing Access A Supply-Side Solution to the Health-Care Crisis Three Basic Assumptions for an Optimal Health-Care System Expert Systems and Automation Redressing the Social Security Deficit Chapter 4 Preventing Perfect Financial Storms 119 When Everyone Was Too Clever by Half The Four Origins of Today's Financial Crisis The Role of Bad Economic Theory Emergence of a Pathological Incentive Structure Requisite Policy Reforms Chapter 5 Bargaining Theory 101 157 How Not to Deal with China The Origins of Economics Imperialism The Possibility of the Hegemony of Political Science: The Nash-Harsanyi Pluralistic Bargaining Model How Not to Negotiate with Thugocracies-The Case Study of China The Remarkable Power of the Bargaining Model in Political Science and Beyond Chapter 6 Beyond Democratic Capitalism 199 An Idealized Political Economy, with Distributive Justice True Textbook Capitalism, and the Correct Role of Government Beyond Effi ciency: The Eight Ideals of an Optimal Social System Distributional Equity A Comprehensive Theory of Distributive Justice Conclusion 231 Appendix A Supply/Demand Summary of the Patient Protection and Affordable Care Act 235 Appendix B Dynamics of Total Health-Care Expenditure 241 Notes 249 Index 267 |
H. WOODY BROCK is President and founder of Strategic Economic Decisions (SED), Inc., a firm that provides economic and financial market analysis to financial institutions, corporations, and investors. He has authored numerous Op-Ed pieces in the New York Times, the International Herald Tribune, and a variety of professional journals, and speaks regularly at investment conferences and forums. He is known worldwide as a speaker and writer adept at taking complex ideas and theories and expressing them logically and clearly. Brock was elected an Andrew Mellon Foundation Bicentennial Fellow of the Aspen Institute. He earned his BA, MBA, and MS (in mathematics) from Harvard University, and his MA and PhD from Princeton University.