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The Three Trillion Dollar War
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The Three Trillion Dollar War : ウィキペディア英語版
The Three Trillion Dollar War

''The Three Trillion Dollar War'' is a 2008 book by Nobel Prize laureate Joseph Stiglitz and Harvard Professor Linda Bilmes, both of whom are American economists.
==Overview==
The book examines the full cost of the Iraq War, including many hidden costs.〔(Aida Edemariam talks to author Joseph Stiglitz about the true cost of the Iraq war | World news | The Guardian )〕 The book also discusses the extent to which these costs will be imposed for many years to come, paying special attention to the expenditures that will be required to care for wounded veterans. The authors conclude by illustrating the opportunity cost of the resources spent on waging the war. The book was a ''New York Times'' and international best-seller and has been translated into 22 languages.
The total cost of $3 trillion is comparable to that found in other studies. The Joint Economic Committee of Congress estimated that the war would cost $3.5 trillion,〔(Joint Economic Committee Report on the Cost of the Iraq War )〕 while the non-partisan Congressional Budget Office projected that the total cost will reach between $1.4 and $2.2 trillion.〔(Congressional Budget Office Testimony on the Cost of the Iraq War )〕 The Stiglitz-Bilmes work builds on an earlier study by Yale economist William Nordhaus, who predicted in 2002 that the war could reach $2 trillion if it went badly.〔(War in Iraq: Costs, Consequences and Alternatives )〕 Numerous economists, including James K. Galbraith of the University of Texas and Nobel Laureate Lawrence Klein have supported the methodology in the book. Economist Fred Foldvary also wrote a positive review of the book in ''Econ Journal Watch'' in 2008. He believes better knowledge of both the budgeted and implicit costs of the war as spelled out in the book will further a more coherent dialogue on present and future related policy matters.〔Foldvary, Fred E.. 2008. Uncovering the Costs of the Iraq War. ''Econ Journal Watch'' 5(3): 373-379.()


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