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The Three Trillion Dollar War: The True Cost of the Iraq Conflict

4.3 4.3 out of 5 stars 74 ratings

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Editorial Reviews

From Publishers Weekly

Starred Review. Readers may be surprised to learn just how difficult it was for Nobel Prize-winning economist Stiglitz and Kennedy School of Government professor Bilmes to dig up the actual and projected costs of the Iraq War for this thorough piece of accounting. Using "emergency" funds to pay for most of the war, the authors show that the White House has kept even Congress and the Comptroller General from getting a clear idea on the war's true costs. Other expenses are simply overlooked, one of the largest of which is the $600 billion going toward current and future health care for veterans. These numbers reveal stark truths: improvements in battlefield medicine have prevented many deaths, but seven soldiers are injured for every one that dies (in WWII, this ratio was 1.6 to one). Figuring in macroeconomic costs and interest-the war has been funded with much borrowed money-the cost rises to $4.5 trillion; add Afghanistan, and the bill tops $7 trillion. This shocking expose, capped with 18 proposals for reform, is a must-read for anyone who wants to understand how the war was financed, as well as what it means for troops on the ground and the nation's future.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

About the Author

Linda J. Bilmes, of Harvard University's Kennedy School of Government, is an expert in government finance. She is a former assistant secretary and chief financial officer of the U.S. Department of Commerce.

Joseph E. Stiglitz is a Nobel Prize–winning economist and the best-selling author of Globalization and Its Discontents Revisited: Anti- Globalization in the Age of Trump, The Price of Inequality, and Freefall. He was chairman of the Council of Economic Advisers under President Clinton, chief economist of the World Bank, named by Time as one of the 100 most influential individuals in the world, and now teaches at Columbia University and is chief economist of the Roosevelt Institute.

Product details

  • Publisher ‏ : ‎ W. W. Norton & Company (February 17, 2008)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 336 pages
  • ISBN-10 ‏ : ‎ 0393067017
  • ISBN-13 ‏ : ‎ 978-0393067019
  • Item Weight ‏ : ‎ 15.5 ounces
  • Dimensions ‏ : ‎ 5.9 x 1.3 x 8.6 inches
  • Customer Reviews:
    4.3 4.3 out of 5 stars 74 ratings

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4.3 out of 5 stars
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