TopWonks Volume 1: The Economy

VOL. 01 The Economy

Your guid e to the c

ount ry

’s be s

t thi nker s

TOPW ONKS

TOPWONKS

Your guide to the country’s best thinkerS

VOL. 01 The Economy

edited by ERICA PAYNE

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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.

—Erica Payne

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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.

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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

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index by categories Banking and Finance Sarah Anderson.................... 34 Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Tom Ferguson....................... 86 Richard Freeman.................. 92 James Galbraith...................   94 Dan Goroff............................. 98 Michael Greenberger............ 100 Jacob Hacker........................     102 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 8

YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Lynn Turner...........................   196 Nicole Woo ...........................     200 Randall Wray......................... 202 Anti-trust Regulations Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Gerard Caprio.......................   66 Jim Chanos...........................    68 Diane Coyle...........................   70 James Crotty........................       72 Randall Dodd........................    78 Tom Ferguson....................... 86 Steve Fraser.......................... 90 James Galbraith...................   94 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160

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YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Walker Todd..........................   194 Bank Bonuses Sarah Anderson.................... 34 Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Gerard Caprio.......................   66 James Crotty........................       72 Randall Dodd........................    78 Arindrajit Dube.....................   82 Steve Fraser.......................... 90 James Galbraith...................   94 Michael Greenberger............ 100 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160

YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Randall Wray......................... 202 Bank Bail Out Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Tom Ferguson....................... 86 Steve Fraser.......................... 90 James Galbraith...................   94 Michael Greenberger............ 100 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 9

Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Randall Wray......................... 202 Too Big To Fail Sarah Anderson.................... 34 Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Tamara Draut........................ 80 Tom Ferguson....................... 86 Steve Fraser.......................... 90 James Galbraith...................   94 Michael Greenberger............ 100 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 10

Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Randall Wray......................... 202 Fannie/Freddie Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Gerard Caprio.......................   66 James Crotty........................       72 Randall Dodd........................    78 Steve Fraser.......................... 90 James Galbraith...................   94 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Stephanie Kelton................... 122 David Kennedy...................... 124 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136

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Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Walker Todd..........................   194 Randall Wray......................... 202 Financial Markets Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Steve Fraser.......................... 90 James Galbraith...................   94 Dan Goroff............................. 98 Michael Greenberger............ 100 Jacob Hacker........................     102 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126

Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Lynn Turner...........................   196 Randall Wray......................... 202 Housing Market Collapse Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Gerard Caprio.......................   66 James Crotty........................       72 Randall Dodd........................    78 Steve Fraser.......................... 90 James Galbraith...................   94 Michael Greenberger............ 100 Jacob Hacker........................     102 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 11

Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Nicole Woo ...........................     200 Randall Wray......................... 202 Ratings Agencies Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Steve Fraser.......................... 90 James Galbraith...................   94 Dan Goroff............................. 98 12

Michael Greenberger............ 100 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Walker Todd..........................   194 Lynn Turner...........................   196 Randall Wray......................... 202 Securitization Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Gerard Caprio.......................   66 Jim Chanos...........................    68 James Crotty........................       72 Randall Dodd........................    78 Steve Fraser.......................... 90 James Galbraith...................   94 Michael Greenberger............ 100

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Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Randall Wray......................... 202 Budget & Tax Policy

Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Ethan Kaplan.........................   118 Sony Kapoor..........................     120 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Thomas Palley....................... 150 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Stan Sporkin.......................... 188 Lynn Stout.............................   192 Nicole Woo ...........................     200

Sarah Anderson.................... 34 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    54 Heather Boushey..................     58 Timothy Canova....................   64 Tamara Draut........................ 80 Tom Ferguson....................... 86 Dan Goroff............................. 98 Jacob Hacker........................     102

Discretionary Spending Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    54 Tamara Draut........................ 80 Tom Ferguson....................... 86 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Jan Kregel............................. 130 13

Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Efficient Government Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    54 Tamara Draut........................ 80 Dan Goroff............................. 98 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Stan Sporkin.......................... 188 14

Federal Budget Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    54 Heather Boushey..................     58 Timothy Canova....................   64 Tamara Draut........................ 80 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Thomas Palley....................... 150 Bob Pollin.............................. 154 Robert Prasch......................      156 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Nicole Woo ...........................     200 Government Investment Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    54 Timothy Canova....................   64 Tamara Draut........................ 80 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138

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Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Thomas Palley....................... 150 Bob Pollin.............................. 154 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Municipal/State Budgets Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Timothy Canova....................   64 Tom Ferguson....................... 86 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186

National Debt Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Timothy Canova....................   6 4 Tamara Draut........................ 80 Tom Ferguson....................... 86 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Ethan Kaplan.........................   118 Sony Kapoor..........................     120 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 Nomi Prins............................   158 YV Reddy................................ 164 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Nicole Woo ...........................     200 Off Shore Tax Shelters Sarah Anderson.................... 34 Greg Anrig............................. 38 Dean Baker............................ 44 Bob Borosage.......................    54 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Robert Kuttner......................    132 15

Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 Nomi Prins............................   158 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Payroll Taxes Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Tamara Draut........................ 80 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Thomas Palley....................... 150 Bob Pollin.............................. 154 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 16

Nicole Woo ...........................     200 Privatization Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    5 4 Timothy Canova....................   6 4 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Naomi Klein........................... 126 Michael Konczal.................... 128 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 Nomi Prins............................   158 Eric Rauchway....................... 160 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Social Insurance Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Tamara Draut........................ 80 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114

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Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 Eric Rauchway....................... 160 YV Reddy................................ 164 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Unfunded Mandates Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Herbert.........................  106 Robert Johnson....................    112 Simon Johnson.....................   114 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Bob Pollin.............................. 154 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Mark Schmitt .......................     172 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186

Business Marcellus Andrews............... 36 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Diane Coyle...........................   70 Steve Fraser.......................... 90 Teresa Ghilarducci................ 96 Dan Goroff............................. 98 Michael Greenberger............ 100 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Naomi Klein........................... 126 Jan Kregel............................. 130 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Stan Sporkin.......................... 188 Lynn Stout.............................   192 Lynn Turner...........................   196

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Corporate Incentives Marcellus Andrews............... 36 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 James Bothwell....................   56 Diane Coyle...........................   70 Steve Fraser.......................... 90 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Jan Kregel............................. 130 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Lynn Turner...........................   196 entrepreneurialism Marcellus Andrews............... 36 Dean Baker............................ 44 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Diane Coyle...........................   70 Steve Fraser.......................... 90 Dan Goroff............................. 98 Michael Greenberger............ 100 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 18

Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Multi-National Corporations Marcellus Andrews............... 36 Dean Baker............................ 44 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Diane Coyle...........................   70 Steve Fraser.......................... 90 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Naomi Klein........................... 126 Jan Kregel............................. 130 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168

TOPWONKS THE ECONOMY VOL. 01

John Schmitt ........................  170 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Stan Sporkin.......................... 188 Lynn Stout.............................   192 Small Business Marcellus Andrews............... 36 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Diane Coyle...........................   70 Steve Fraser.......................... 90 Michael Greenberger............ 100 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Wealth Creation Marcellus Andrews............... 36 Dean Baker............................ 44 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Diane Coyle...........................   70

Steve Fraser.......................... 90 Bob Herbert.........................  106 Jacob Hacker........................     102 Bob Herbert.........................  106 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116 Sony Kapoor..........................     120 Robert Kuttner......................    132 Barry Lynn............................      138 Heather McGhee...................    142 Lawrence Mishel................... 148 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Nomi Prins............................   158 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Damon Silvers....................... 184 Anne Simpson....................... 186 Lynn Stout.............................   192 Economic Theory Algernon Austin.................... 42 Dean Baker............................ 44 William Black........................ 48 Alan Blinder..........................    50 Bob Borosage.......................    5 4 James Bothwell....................   56 Timothy Canova....................   6 4 Jim Chanos...........................    68 Diane Coyle...........................   70 James Crotty........................       72 William Darity.......................  74 Kemal Dervis.......................   76 Tamara Draut........................ 80 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 19

Heidi Hartmann....................   104 Arjun Jayadev ......................     110 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Thomas Palley....................... 150 Frank Partnoy.......................   152 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Lynn Stout.............................   192 Lynn Turner...........................   196 Nicole Woo ...........................     200 Austerity Dean Baker............................ 44 William Black........................ 48 Bob Borosage.......................    5 4 James Bothwell....................   56 Heather Boushey..................     58 Timothy Canova....................   6 4 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Tamara Draut........................ 80 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Arjun Jayadev ......................     110 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Thomas Palley....................... 150 20

Robert Prasch......................      156 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Nicole Woo ...........................     200 Capitalism Dean Baker............................ 44 William Black........................ 48 Bob Borosage.......................    5 4 James Bothwell....................   56 Heather Boushey..................     58 Timothy Canova....................   6 4 Jim Chanos...........................    68 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Tamara Draut........................ 80 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Jacob Hacker........................     102 Arjun Jayadev ......................     110 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Thomas Palley....................... 150 Frank Partnoy.......................   152 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Lynn Stout.............................   192 Lynn Turner...........................   196

TOPWONKS THE ECONOMY VOL. 01

Economic Forecasting Dean Baker............................ 44 Alan Blinder..........................    50 Diane Coyle...........................   70 James Crotty........................       72 Tamara Draut........................ 80 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Thomas Palley....................... 150 Robert Prasch......................      156 Juliet Schor...........................   174 Nina Shapiro.......................... 178

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

Economy/Gender Dean Baker............................ 44 Bob Borosage.......................    5 4 Diane Coyle...........................   70 James Crotty........................       72 Tamara Draut........................ 80 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Heidi Hartmann....................   104 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Frank Partnoy.......................   152 Robert Prasch......................      156 Juliet Schor...........................   174 Nina Shapiro.......................... 178

Keynes v. Friedman Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Timothy Canova....................   6 4 Diane Coyle...........................   70 James Crotty........................       72 William Darity.......................  74 Tamara Draut........................ 80 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Thomas Palley....................... 150 Robert Prasch......................      156 Eric Rauchway....................... 160 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178

Economy/Race Algernon Austin.................... 42 Dean Baker............................ 44 Bob Borosage.......................    5 4 Heather Boushey..................     58 Timothy Canova....................   6 4

21

Service Economy Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Diane Coyle...........................   70 James Crotty........................       72 Tamara Draut........................ 80 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Robert Johnson....................    112 David Kennedy...................... 124 Naomi Klein........................... 126 Robert Prasch......................      156 Juliet Schor...........................   174 Nina Shapiro.......................... 178 Lynn Stout.............................   192 The Federal Reserve Dean Baker............................ 44 Alan Blinder..........................    50 James Bothwell....................   56 Timothy Canova....................   6 4 Tom Ferguson....................... 86 Michael Greenberger............ 100 Cassandra Jones-Havard..... 116 Stephanie Kelton................... 122 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Perry Mehrling...................... 146 Thomas Palley....................... 150 Nomi Prins............................   158 Eric Rauchway....................... 160 Nouriel Roubini..................... 166 Robert Shiller........................ 182 Lynn Stout.............................   192 Walker Todd..........................   194 Randall Wray......................... 202

22

Globalization Sarah Anderson.................... 34 Dean Baker............................ 44 William Black........................ 48 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 James Boyce......................... 62 Timothy Canova....................   6 4 Gerard Caprio.......................   66 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Dan Goroff............................. 98 Jacob Hacker........................     102 Leo Hindery, Jr...................... 108 Arjun Jayadev ......................     110 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Thomas Palley....................... 150 Frank Partnoy.......................   152 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Developing Economies Sarah Anderson.................... 34 Dean Baker............................ 44 William Black........................ 48 Samuel Bowles.....................  60 James Boyce......................... 62

TOPWONKS THE ECONOMY VOL. 01

Timothy Canova....................   6 4 Gerard Caprio.......................   66 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Jacob Hacker........................     102 Arjun Jayadev ......................     110 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Thomas Palley....................... 150 Frank Partnoy.......................   152 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 International Competition Sarah Anderson.................... 34 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 James Boyce......................... 62 Timothy Canova....................   6 4 Gerard Caprio.......................   66 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Dan Goroff............................. 98 Jacob Hacker........................     102 Arjun Jayadev ......................     110 Sony Kapoor..........................     120 Stephanie Kelton................... 122

David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Thomas Palley....................... 150 Frank Partnoy.......................   152 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Trade Sarah Anderson.................... 34 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 James Boyce......................... 62 Timothy Canova....................   6 4 Gerard Caprio.......................   66 Diane Coyle...........................   70 James Crotty........................       72 Kemal Dervis.......................   76 Jacob Hacker........................     102 Leo Hindery, Jr...................... 108 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Thomas Palley....................... 150 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 23

Jeffrey Sachs........................   168 John Schmitt ........................  170 Sherle Schwenninger............ 176 Anne Simpson....................... 186 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Labor Force Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Algernon Austin.................... 42 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Timothy Canova....................   6 4 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Tom Ferguson....................... 86 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Simon Johnson.....................   114 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 24

Thomas Palley....................... 150 Bob Pollin.............................. 154 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 John Schmitt ........................  170 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Edward Wolff........................      198 Nicole Woo ...........................     200 Family/Medical Leave Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Heidi Hartmann....................   104 Bob Herbert.........................  106 Simon Johnson.....................   114 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Bob Pollin.............................. 154 John Schmitt ........................  170 Juliet Schor...........................   174 Robert Shiller........................ 182 Joseph Stiglitz....................... 190

TOPWONKS THE ECONOMY VOL. 01

Jobs Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Algernon Austin.................... 42 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Timothy Canova....................   6 4 Tamara Draut........................ 80 Tom Ferguson....................... 86 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Simon Johnson.....................   114 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Thomas Palley....................... 150 Bob Pollin.............................. 154 Eric Rauchway....................... 160 John Schmitt ........................  170 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Nicole Woo ...........................     200

Living Wage Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 Timothy Canova....................   6 4 Arindrajit Dube.....................   82 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Heidi Hartmann....................   104 Bob Herbert.........................  106 Simon Johnson.....................   114 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Bob Pollin.............................. 154 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 John Schmitt ........................  170 Juliet Schor...........................   174 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Nicole Woo ...........................     200 OSHA Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Samuel Bowles.....................  60 Nancy Folbre......................... 88 Steve Fraser.......................... 90 25

Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Heidi Hartmann....................   104 Bob Herbert.........................  106 Simon Johnson.....................   114 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Bob Pollin.............................. 154 John Schmitt ........................  170 Juliet Schor...........................   174 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Retirement Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 Tamara Draut........................ 80 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Simon Johnson.....................   114 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 26

Bob Pollin.............................. 154 Eric Rauchway....................... 160 John Schmitt ........................  170 Juliet Schor...........................   174 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Edward Wolff........................      198 Unemployment Insurance Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Simon Johnson.....................   114 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Bob Pollin.............................. 154 Eric Rauchway....................... 160 John Schmitt ........................  170 Juliet Schor...........................   174 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190

TOPWONKS THE ECONOMY VOL. 01

Organized Labor Marcellus Andrews............... 36 Eileen Appelbaum................. 40 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 Timothy Canova....................   6 4 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Tom Ferguson....................... 86 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Simon Johnson.....................   114 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Naomi Klein........................... 126 Robert Kuttner......................    132 Lance Lindblom....................     134 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Thomas Palley....................... 150 Bob Pollin.............................. 154 Eric Rauchway....................... 160 John Schmitt ........................  170 Juliet Schor...........................   174 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Nicole Woo ...........................     200 Monetary Policy Dean Baker............................ 44 Alan Blinder..........................    50 Timothy Canova....................   6 4 Tom Ferguson....................... 86

Cassandra Jones-Havard..... 116 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Thomas Palley....................... 150 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 Sherle Schwenninger............ 176 Lynn Stout.............................   192 Walker Todd..........................   194 Social Investment Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Timothy Canova....................   6 4 William Darity.......................  74 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Tom Ferguson....................... 86 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Dan Goroff............................. 98 Jacob Hacker........................     102 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Arjun Jayadev ......................     110 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Naomi Klein........................... 126 Robert Kuttner......................    132 27

Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Thomas Palley....................... 150 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Sherle Schwenninger............ 176 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Edward Wolff........................      198 Nicole Woo ...........................     200 Antipoverty Programs Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 William Darity.......................  74 Arindrajit Dube.....................   82 Richard Freeman.................. 92 James Galbraith...................   94 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Lawrence Mishel................... 148 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 28

John Schmitt ........................  170 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Perry Mehrling...................... 146 Economic Mobility Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Timothy Canova....................   6 4 William Darity.......................  74 Tamara Draut........................ 80 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Arjun Jayadev ......................     110 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192

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Healthcare Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 William Darity.......................  74 Arindrajit Dube.....................   82 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Medicare/Medicaid Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 William Darity.......................  74 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112

Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Middle Class Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Heather Boushey..................     58 Samuel Bowles.....................  60 Timothy Canova....................   6 4 William Darity.......................  74 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Arjun Jayadev ......................     110 Robert Johnson....................    112 Ethan Kaplan.........................   118 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Sanjay Reddy......................... 162 29

Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Edward Wolff........................      198 Social Security Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Alan Blinder..........................    50 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 William Darity.......................  74 Tom Ferguson....................... 86 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Thomas Palley....................... 150 Eric Rauchway....................... 160 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Edward Wolff........................      198 Nicole Woo ...........................     200 30

US Infrastructure Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Linda Bilmes......................... 46 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 Timothy Canova....................   6 4 William Darity.......................  74 Tamara Draut........................ 80 Tom Ferguson....................... 86 Richard Freeman.................. 92 James Galbraith...................   94 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Robert Johnson....................    112 Stephanie Kelton................... 122 Naomi Klein........................... 126 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Eric Rauchway....................... 160 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Sherle Schwenninger............ 176 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192

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Welfare Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 William Darity.......................  74 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Jacob Hacker........................     102 Bob Herbert.........................  106 Arjun Jayadev ......................     110 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Sanjay Reddy......................... 162 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Robert Shiller........................ 182 Joseph Stiglitz....................... 190 Lynn Stout.............................   192

Workforce Development Marcellus Andrews............... 36 Greg Anrig............................. 38 Dean Baker............................ 44 Bob Borosage.......................    5 4 Samuel Bowles.....................  60 Timothy Canova....................   6 4 William Darity.......................  74 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Dan Goroff............................. 98 Bob Herbert.........................  106 Robert Johnson....................    112 Stephanie Kelton................... 122 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Nouriel Roubini..................... 166 Mark Schmitt .......................     172 John Schmitt ........................  170 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Joseph Stiglitz....................... 190

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TOPWONKS

Your guide to the country’s best thinkerS

Sarah Anderson Director Global Economy Project Institute for Policy Studies

Institute for Policy Studies 1112 16th Street NW Suite 600 Washington, DC 20036

[email protected] (202) 234-9382

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 34

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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

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Marcellus Andrews Professor of Economics Columbia University

Barnard College Economics Department 005 Lehman Hall 3009 Broadway New York, NY 10027

[email protected] (212) 854-3790

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

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Greg Anrig Vice President Policy and Programs The Century Foundation

The Century Foundation 41 East 70th Street New York, NY 10021

[email protected] (212) 452-7724

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. ISSUES Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Social Investment: Anti-poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development ExperiencE • Staff Writer and Washington Correspondent, Money Magazine Education M.P.A., Kennedy School of Government, Harvard University B.S., Journalism, Northwestern University



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Eileen Appelbaum Senior Economist Center for Economic and Policy Research

Center for Economic and Policy Research 1611 Connecticut Ave NW Suite 400 Washington, DC 20009

[email protected] (202) 293-5380

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



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Algernon Austin Director Race, Ethnicity, and Economy Program Economic Policy Institute

epi.org/people/algernonaustin/

[email protected] (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

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Dean Baker Co-Director Center for Economic and Policy Research

Center for Economic and Policy Research 1611 Connecticut Avenue NW Suite 400 Washington, DC 20009

[email protected] (202) 293-5380

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

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off of basic economic principles and False Profits: Recovering from the Bubble Economy (PoliPoint Press, 2010) about what caused - and how to fix - the current economic crisis. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Economic Theory: Austerity, Capitalism, Economic Forecasting, Economy and Gender, Economy and Race, Keynes v. Friedman, Service Economy The Federal Reserve Globalization: Developing Economies, International Competition, Trade Labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions Monetary Policy Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development ExperiencE • Senior Economist, Economic Policy Institute • Assistant Professor, Bucknell University • Consultant, The World Bank • Consultant, Joint Economic Committee of the US Congress Education Ph.D., University of Michigan M.A., University of Denver, 1983 B.A., Swarthmore College, 1981 45

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

John F. Kennedy School of Government Mailbox 82, 79 JFK Street Cambridge, MA 02138

[email protected] (617) 495-4753 Assistant: Julie DeBenedictis (617) 495-8660

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. 46

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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 Missouri-Kansas City School of Law 500 East 52nd Street Kansas City, MO 64110

[email protected] (650) 743-8835

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

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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

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

princeton.edu/blinder/ Princeton University Center for Economic Policy Studies Department of Economics 105 Fisher Hall Princeton, NJ 08544-1021

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

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

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Brooksley Born Retired Partner Arnold & Porter LLP

Arnold & Porter LLP 555 Twelfth Street NW Washington, DC 20004

Top Wonks Press Department [email protected] (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

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strongly advocated the need for federal regulation of the overthe-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

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

Campaign for America’s Future 1825 K Street, NW, Suite 400 Washington, DC 20006

[email protected] (202) 955-5665

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). 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 • 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

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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 19972002, 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

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Heather Boushey Senior Economist Center for American Progress

Center for American Progress 1333 H Street NW 10th Floor Washington, DC 20005

hboushey@ americanprogress.org (202) 682 -1611

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 58

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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



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Samuel Bowles Research Professor Santa Fe Institute Director Behavioral Sciences Program

Santa Fe Institute 1399 Hyde Park Rd Santa Fe, NM 87501

[email protected] (505) 984-8800 Ext 2792

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

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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 Department of Economics Thompson Hall Amherst, MA 01003

[email protected] (413) 577-0816

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

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

Chapman University School of Law One University Drive Orange, California 92866

[email protected] (714) 628-2640

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. 64

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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 Department of Economics 24 Hopkins Hall Drive Williamstown, MA 01267

[email protected] (413) 597-2465

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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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 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, 19982003, 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, 198083 • 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 20 West 55th Street New York, NY 10019

[email protected] (212) 649-0202

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

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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

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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

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James Crotty Professor Emeritus of Economics University of Massachusetts Amherst

University of Massachusetts Amherst Economics Department Thompson Hall Amherst, MA 01003

[email protected] (413) 545-2590

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

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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 238 Sanford Building Durham, NC 27708

[email protected] (919) 613-7336

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 1775 Massachusetts Ave. NW Washington, DC 20036

[email protected] (202) 797-6105 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. 76

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Prior to his tenure as minister of economic affairs, Dervis had a 22year 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 700 19th Street, N.W. Washington, DC 20431

[email protected] (202) 486-3131

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

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Tamara Draut Vice President Policy & Programs Demos

Demos 220 Fifth Avenue, 2nd Floor New York, New York 10001

[email protected] (212) 389-1402

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

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Arindrajit Dube Assistant Professor Department of Economics University of Massachusetts Amherst

Department of Economics 1030 Thompson Hall University of Massachusetts Amherst Amherst, MA 01003

[email protected] (413) 545-2012

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

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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 North Building 695 Park Ave N501C New York, NY 10065

[email protected] (212) 722-4950

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

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

University of Massachusetts Wheatley Hall, 5th Floor 100 William T Morrissey Blvd Boston, MA 02125

[email protected] (617) 287-6928

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. 86

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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

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Nancy Folbre Professor of Economics University of Massachusetts Amherst

University of Massachusetts Amherst Department of Economics Thompson Hall Amherst, MA 01003

[email protected] (413) 545-3283

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

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

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

[email protected]

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.

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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 Department of Economics Littauer M-5 Cambridge, MA 02138 National Bureau of Economic Research 1050 Massachusetts Avenue,

3rd Fl Cambridge, MA 02138 [email protected] (617) 588-0303 (617) 868-3900

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 92

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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

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

The University of Texas at Austin Lyndon B. Johnson School of Public Affairs P.O. Box Y Austin, TX 78713-8925

[email protected] (512) 471-1244

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. 94

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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

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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 Social Research Department of Economics 6 East 16th Street, 11th Floor New York, NY 10003-3034

[email protected] (212) 229-5901

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

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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 630 Fifth Avenue Suite 2550 New York, NY 10111

[email protected] (212) 649-1676 David Michel [email protected] (212) 649-1659

Bio Daniel L. Goroff is a Program Director at the nonpartisan and nonideological 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

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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 Homeland Security 500 West Baltimore Street Baltimore, MD 21201

mgreenberger@law. umaryland.edu (410) 706-3846 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 100

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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

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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 Department of Political Science 77 Prospect Street ISPS, Room B213 New Haven, CT 06511

[email protected] (203) 432-5554

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 102

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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

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

Institute for Women’s Policy Research 1200 18th Street NW, Suite 301 Washington, DC 20036

(202) 785-5100 Caroline Dobuzinskis 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, policyoriented 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

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Bob Herbert Distinguished Senior Fellow Demos

Demos 220 Fifth Avenue 2nd Floor New York, New York 10001

[email protected] (212) 633-1405

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

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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.” 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 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 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)

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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 405 Lexington Avenue 48th Floor New York, NY 10174

[email protected] (212) 983-3170

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

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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, 19971998 Education M.B.A., Graduate School of Business, Stanford University M.A., Seattle University

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Arjun Jayadev Assistant Professor Department of Economics University of Massachusetts Boston

University of Massachusetts Boston Economics Department 100 Morrissey Blvd Boston, MA 02125

[email protected] (617) 287-6961

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

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

Roosevelt Institute 570 Lexington Avenue 18th Floor New York, NY 10022

[email protected] (212) 444-9130

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. 112

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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 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 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 • 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.

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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 50 Memorial Drive, Office: E62-420 Cambridge, MA 02142

[email protected] (617) 253-9455

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

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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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters , Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate incentives, Entrepreneurialism, Multi-National Corporations, Small business, Wealth creation Labor Force: Family/Medical leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions Education Ph.D., Economics, M.I.T. M.A., Economics, University of Manchester B.A., Economics, University of Oxford

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Cassandra Jones Havard Professor of Law University of Baltimore

University of Baltimore School of Law 1420 North Charles Street Baltimore, MD 21201-5779

[email protected] (410) 837-5038

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

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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 Department of Economics 420 W 118th Street New York, NY 10027

[email protected] (646) 670-3136

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



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

124 Baker Street, 1-3 floor London, UK

[email protected] (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 cofounded 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 Kansas City Department of Economics 211 Haag Hall 5120 Rockhill Road Kansas City, MO 64110

[email protected] (816) 235-5700

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 122

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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

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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 Hauser Hall, Room 414 1575 Massachusetts Avenue Cambridge, MA 02138

[email protected] (617) 495-3132

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

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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 126

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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.

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Michael Konczal Fellow The Roosevelt Institute Blogger The New Deal 2.0 and Rortybomb

Roosevelt Institute 570 Lexington Ave, 5th Floor New York, NY 10022

mkonczal@rooseveltinstitute. org (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

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

University of Missouri-Kansas City Department of Economics 211 Haag Hall 5120 Rockhill Road Kansas City, MO 64110

[email protected] (816) 235-1314

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. 130

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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 Budget & Tax Policy: Discretionary Spending, Efficient Government, National Debt, Payroll Taxes, Social Insurance Business: Corporate Incentives, Multi-national Corporation Economic Theory: Austerity, Capitalism, Keynes v Friedman The Federal Reserve Globalization: Developing Economies, International Competition, Trade Labor Force: Jobs, Living Wage, Unemployment Insurance Monetary Policy 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

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

Demos 220 5th Ave., 2nd Floor New York, NY 10001

[email protected] (202) 776-0730

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

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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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation 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 Oberlin College London School of Economics University of California, Berkeley

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Lance Lindblom President & CEO, Trustee The Nathan Cummings Foundation

Nathan Cummings Foundation 475 Tenth Avenue, 14th Floor New York, NY 10018

[email protected] (212) 787-7300

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 134

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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. 2640 E Garvey Avenue S West Covina, CA 91791-2156

[email protected]

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



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Barry C. Lynn Director of Markets, Enterprise and Resiliency Initiative New America Foundation

The New America Foundation 1899 L Street NW, Suite 400 Washington, DC 20036

[email protected] (202) 431-6066 Clara Hogan, External 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.

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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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters , Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth creation Globalization: Developing Economies, International Competition, Trade Labor Force: Family/Medical leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions Monetary Policy additional ISSUES Asia, China, Economic Growth, Energy & Environment, Fiscal Policy, Latin America, Trade & Globalization 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 Schwartz Center for Economic Policy Analysis 6 East 16th Street, 11th Floor New York, NY 10003

[email protected] (212) 491-3302

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. 140

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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 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 • 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

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Heather McGhee Director Washington Office, Demos

Demos 1710 Rhode Island Avenue Washington, DC 20036

[email protected] (202) 559-1543

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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ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation 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 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

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Bob McIntyre Director Citizens for Tax Justice

Citizens for Tax Justice 1616 P Street NW Suite 200 Washington, DC 20036

[email protected] (202) 299-1066 Annie Singer, 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. 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 Education L.L.M., Georgetown University Law Center, 1976 J.D., University of Pennsylvania Law School, 1975 B.A., Providence College, 1970

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Perry Mehrling Professor of Economics Barnard College

Barnard College Department of Economics 3009 Broadway New York, NY 10027

[email protected] (212) 854-4369

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 146

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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

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Lawrence Mishel President Economic Policy Institute

Economic Policy Institute 1333 H Street, NW Suite 300, East Tower Washington, DC 20005-4707

[email protected] (202) 775-8810

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. 148

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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. 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 experience • Faculty Member, Cornell University’s School of Industrial and Labor Relations • Fellow, U.S. Department of Labor Education Ph.D., Economics, University of Wisconsin M.A., Economics, American University B.S., Pennsylvania State University

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Thomas Palley Schwartz Economic Growth Fellow New America Foundation

Economics for Democratic and Open Societies 1913 S Street, NW Washington, DC 20009

[email protected] (202) 667- 5518

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 150

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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

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

University of San Diego 5998 Alcalá Park San Diego, CA 92110

[email protected] (619) 260-2352

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. 152

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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



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Bob Pollin Professor University of Massachusetts Amherst

University of Massachusetts Gordon Hall 418 North Pleasant Street Suite A Amherst, MA 01002

[email protected] (413) 577-0819

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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Labor Force: Family/Medical Leave, Jobs, Living Wage, OSHA, Retirement, Unemployment Insurance, Unions 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

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Robert Prasch Professor of Economics Middlebury College

Middlebury College Department of Economics Carr Hall 203 Middlebury, VT 05753

[email protected] (802) 443-3419

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

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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 220 Fifth Avenue, 2nd Floor New York, New York 10001

[email protected] (917) 972-1192

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 158

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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

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Eric Rauchway Professor of History University of California Davis

University of California Davis Department of History 2216 Social Sciences & Humanities Davis, CA 95616

[email protected] (530) 752-4343

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



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

New School for Social Research 6 East 16th Street Room 1116 New York, NY 10003

[email protected] (212) 229-5717 EXT 3071

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

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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

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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 Gachibowli, Central University P O Hyderabad - 500046, India

[email protected] 91-40-23551152

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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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 & Taxes: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Globalization: Developing Economies, International Competition, Trade Monetary Policy experience • Chairman, Bank for International Settlements, Asian Consultative Council, 2007-2009 • Deputy Governor, Reserve Bank of India, 2003-2008 • Executive Director for India, Sri Lanka, Bangladesh and Bhutan, International Monetary Fund, 2002 • Chairperson, SAARCFINANCE • Secretary (Banking), Ministry of Finance and Principal Secretary in Government of Andhra Pradesh education Ph.D., Osmania University, Hyderabad Diploma, Economic Planning, Institute of Social Studies, Netherlands

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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 Roubini Global Economics Corporate Headquarters 95 Morton Street, 6th Floor New York, New York 10014

[email protected] (212) 998-0886 (212) 645-0010

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

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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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation The Federal Reserve Globalization: Developing Economies, International Competition, Trade 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 B.A., Bocconi University

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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, Columbia University 405 Low Library, MC 4335 535 West 116th Street New York, NY 10027

[email protected] (212) 854-8704

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

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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

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

Center for Economic and Policy Research 1611 Connecticut Avenue NW Suite 400 Washington, DC 20009

[email protected] (202) 293-5380

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

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Mark Schmitt Senior Fellow and Director of the Fellows Program Roosevelt Institute

The Roosevelt Institute 570 Lexington Avenue 18th Floor New York, NY 10022

[email protected] (202) 776-0730

Bio Mark Schmitt is a noted voice on reform of the political process and an expert on campaign finance, congressional procedure, and statelevel 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

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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. 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 Social Investment: Anti-Poverty Programs, Economic Mobility, Healthcare, Medicare/Medicaid, Middle Class, Social Security, US Infrastructure, Welfare, Workforce Development experience • Executive Editor, The American Prospect, 2008-2012 • Senior Fellow, the New America Foundation • Director of Policy and Research, Open Society Institute • Speechwriter and Policy Director, Senator Bill Bradley Education B.A., Yale University, 1984

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

Boston College McGuinn Hall 519 140 Commonwealth Avenue Chestnut Hill, MA 02467

[email protected] (617) 552-4056

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 Twentyfirst Century (Beacon Press, 2002) Juliet Schor. Do Americans Shop Too Much? (Beacon Press, 2000) 175

Sherle Schwenninger Director Economic Growth Program and American Strategy Program New America Foundation Senior Fellow World Policy Institute

The New America Foundation 1899 L Street NW Suite 400 Washington, DC 20036

schwenninger@newamerica. net (202) 986-2700

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 176

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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

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Nina Shapiro Professor of Economics Saint Peter’s College

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

[email protected]

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

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Heidi Shierholz Economist Economic Policy Institute

Economic Policy Institute 1333 H Street NW Suite 300, East Tower Washington, DC 20005-4707

(202) 775-8810

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



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Robert Shiller Arthur M. Okun Professor of Economics Yale University

Yale University Cowles Foundation for Research in Economics Box 208281 New Haven, CT 06511-8281

[email protected] (203) 432-3708

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

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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 coauthored with Randall Kroszner Reforming U.S. Financial Markets: Reflections before and beyond Dodd-Frank published in March 2011 by MIT Press. 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 The Federal Reserve 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, M.I.T., 1972 B.A., University of Michigan, 1967

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Damon A. Silvers Associate General Counsel AFL-CIO

AFL-CIO 815 16th Street NW Washington, DC 20006

[email protected] (202) 637-5018

Bio Damon A. Silvers is an Associate General Counsel for the AFLCIO. Mr. Silvers’ responsibilities include corporate governance, pension and general business law issues. Mr. Silvers led the AFLCIO 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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation 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’ Retirement System Lincoln Plaza East 400 Q Street Sacramento, CA 95811

anne_simpson@calpers. ca.gov (916) 795-3829

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

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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. ISSUES Banking & Finance: Anti-Trust Regulations, Bank Bail Out, Bank Bonuses, Too Big To Fail, Fannie/Freddie, Financial Markets, Housing Market Collapse, Ratings Agencies, Securitization Budget & Tax Policy: Discretionary Spending, Efficient Government, Federal Budget, Government Investment, Municipal/State Budgets, National Debt, Off Shore Tax Shelters, Payroll Taxes, Privatization, Social Insurance, Unfunded Mandates Business: Corporate Incentives, Entrepreneurialism, Multi-National Corporations, Small Business, Wealth Creation Globalization: Developing Economies, International Competition, Trade additional ISSUES Capital Market Regulation, Corporate Governance, Executive Compensation, Globalization and ESG, Investment, Investor Responsibility 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

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Stan Sporkin Ombudsman BP America, Inc.

1130 Connecticut Avenue NW Suite 500 Washington, DC 20036

Stanley.Sporkin@ stanleysporkin.com (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 188

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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

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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 3022 Broadway Uris Hall, Room 814 New York, NY 10027

joseph.stiglitz@sipa. columbia.edu (212) 854-0671

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 190

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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

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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 Angeles 385 Charles E. Young Drive 1242 Law Building Los Angeles, CA 90095

[email protected]

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 192

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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 Economic Research 250 Division Street PO Box 1000 Great Barrington, MA 01230

[email protected] (440) 338-1169

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 ClevelandMarshall College of Law, Cleveland State University, for 13 years. He 194

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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

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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. 444 South Flower Street Suite 2140 Los Angeles, CA 90071

[email protected] (303) 469-7562

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. 196

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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

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Edward N. Wolff Professor of Economics New York University

Department of Economics New York University 19 West 4th Street, 6th Floor New York, NY 10003

[email protected] (212) 998 8917

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

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Nicole Woo Director Domestic Policy Center for Economic and Policy Research

Center for Economic and Policy Research 1611 Connecticut Ave, NW Suite 400 Washington, DC 20009

[email protected] (202) 293-5380

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, 19971998 Education B.A., Government, Harvard University, 1993

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

University of MissouriKansas City Department of Economics 211 Haag Hall 5100 Rockhill Road Kansas City, Missouri 64110

[email protected] (816) 235-5687

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 lowskilled, 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. 202

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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

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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 selfgovernance, 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.

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Index Sarah Anderson.................... 34 Marcellus Andrews............... 36 Greg Anrig............................. 38 Eileen Appelbaum................. 40 Algernon Austin.................... 42 Dean Baker............................ 44 Linda Bilmes......................... 46 William Black........................ 48 Alan Blinder..........................    50 Brooksley Born..................... 52 Bob Borosage.......................    54 James Bothwell....................   56 Heather Boushey..................     58 Samuel Bowles.....................  60 James Boyce......................... 62 Timothy Canova....................   64 Gerard Caprio.......................   66 Jim Chanos...........................    68 Diane Coyle...........................   70 James Crotty........................       72 William Darity.......................  74 Kemal Dervis.......................   76 Randall Dodd........................    78 Tamara Draut........................ 80 Arindrajit Dube.....................   82 Stuart Ewen..........................   84 Tom Ferguson....................... 86 Nancy Folbre......................... 88 Steve Fraser.......................... 90 Richard Freeman.................. 92 James Galbraith...................   94 Teresa Ghilarducci................ 96 Dan Goroff............................. 98 Michael Greenberger............ 100 Jacob Hacker........................     102 Heidi Hartmann....................   104 Bob Herbert.........................  106 Leo Hindery, Jr...................... 108 Arjun Jayadev ......................     110 Robert Johnson....................    112 Simon Johnson.....................   114 Cassandra Jones-Havard..... 116

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Ethan Kaplan.........................   118 Sony Kapoor..........................     120 Stephanie Kelton................... 122 David Kennedy...................... 124 Naomi Klein........................... 126 Michael Konczal.................... 128 Jan Kregel............................. 130 Robert Kuttner......................    132 Lance Lindblom....................     134 Henry C.K. Liu.......................  136 Barry Lynn............................      138 Jeffrey Madrick.....................   140 Heather McGhee...................    142 Bob McIntyre......................... 144 Perry Mehrling...................... 146 Lawrence Mishel................... 148 Thomas Palley....................... 150 Frank Partnoy.......................   152 Bob Pollin.............................. 154 Robert Prasch......................      156 Nomi Prins............................   158 Eric Rauchway....................... 160 Sanjay Reddy......................... 162 YV Reddy................................ 164 Nouriel Roubini..................... 166 Jeffrey Sachs........................   168 John Schmitt ........................  170 Mark Schmitt .......................     172 Juliet Schor...........................   174 Sherle Schwenninger............ 176 Nina Shapiro.......................... 178 Heidi Shierholz...................... 180 Robert Shiller........................ 182 Damon Silvers....................... 184 Anne Simpson....................... 186 Stan Sporkin.......................... 188 Joseph Stiglitz....................... 190 Lynn Stout.............................   192 Walker Todd..........................   194 Lynn Turner...........................   196 Edward Wolff........................      198 Nicole Woo ...........................     200 Randall Wray......................... 202

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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.  

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