Keeping the economy strong will require addressing two distinct but related problems. Steadily rising federal debt makes it harder to grow our economy, boost our living standards, respond to wars or recessions, address social needs, and maintain our role as a global leader. At the same time, we have let critical investments lag and left many people behind even as overall prosperity has grown. In Fiscal Therapy, William Gale, a leading authority on how federal tax and budget policy affects the economy, provides a trenchant discussion of the challenges posed by the imbalances between spending and revenue. America is facing a gradual decline as debt accumulates and delay raises the costs of action. But there is hope: fiscal responsibility aligns with both conservative and liberal goals and citizens of all stripes can support the notion of making life better for our children and grandchildren. Gale provides a plan to make the economy and nation stronger, one that controls entitlement spending but preserves and enhances their anti-poverty and social insurance roles, increases public investments on human and physical capital, and raises and reforms taxes to pay for government services in a fair and efficient way. What is needed, he argues, is to balance today's needs against tomorrow's obligations. We face significant fiscal challenges but, if we are wise enough to seize our opportunities, we can strengthen our economy, increase opportunity, reduce inequality, and build better lives for our children and grandchildren. We do not have to kill popular programs or starve government. Indeed, one main goal of fiscal reform is to maintain the vital functions that government provides. We need to act responsibly, pay for the government we want, and shape that government in ways that serve us best.
Automatic offers an innovative new way to think about how Americans can save for retirement. Over the past quarter century, America's pension system has shifted away from defined benefit plans and toward defined contribution savings programs such as 401(k)s and IRAs. There is much to be done to improve the defined contribution system. Many workers fail to participate and those who do often contribute too little, invest the funds poorly, and are not adequately prepared to manage funds while in retirement. To resolve these problems, the authors propose that employees should be automatically enrolled into a 401(k) plan when they are hired, with the right to opt out, change the amount that they contribute, or change investment choices if they choose. If the employer does not sponsor a 401(k) or similar retirement plan, they would be enrolled in a payroll deduction Automatic IRA. This vision of a transformed defined contribution system incorporates key positive features of defined benefit plans to improve retirement security. Employess contributions would increase over time, their investments would benefit from professional management and rebalancing, and they would receive lifetime income upon retirement. These automatic features will make the 401(k) and similar plans a more effective tool for retirement saving, and they can be extended to the many workers who do not currently have access to an employer plan. In Automatic, the authors present proposals to implement automatic features in all phases of the 401(k) and in IRAs for workers with no employer plan. They also draw from the experience of countries that have implemented automatic saving structures.
Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In Policy and Choice economists William Congdon, Jeffrey Kling, and Sendhil Mullainathan argue that public finance not only can incorporate many lessons of behavioral economics but also can serve as a solid foundation from which to apply insights from psychology to questions of economic policy. The authors revisit the core questions of public finance, armed with a richer perspective on human behavior. They do not merely apply findings from psychology to specific economic problems; instead, they explore how psychological factors actually reshape core concepts in public finance such as moral hazard, deadweight loss, and incentives. Part one sets the stage for integrating behavioral economics into public finance by interpreting the evidence from psychology and developing a framework for applying it to questions in public finance. In part two, the authors apply that framework to specific topics in public finance, including social insurance, externalities and public goods, income support and redistribution, and taxation. In doing so, the authors build a unified analytical approach that encompasses both traditional policy levers, such as taxes and subsidies, and more psychologically informed instruments. The net result of this innovative approach is a fully behavioral public finance, an integration of psychology and the economics of the public sector that is explicit, systematic, rigorous, and realistic.
The presentation and interpretation of visual information is essential to almost every activity in human life and most endeavors of modern technology. This book examines the current status of what is known (and not known) about human vision, how human observers interpret visual data, and how to present such data to facilitate their interpretation and use. Written by experts who are able to cross disciplinary boundaries, the book provides an educational pathway through several models of human vision; describes how the visual response is analyzed and quantified; presents current theories of how the human visual response is interpreted; discusses the cognitive responses of human observers; and examines such applications as space exploration, manufacturing, surveillance, earth and air sciences, and medicine. The book is intended for everyone with an undergraduate-level background in science or engineering with an interest in visual science. This second edition has been brought up to date throughout and contains a new chapter on "Virtual reality and augmented reality in medicine.
This exceptional tome should find its way into the libraries of serious herpetologists, tropical biologists, and developmental biologists. Included in this book are- A molecular phylogeny of the family Hemiphractidae- A thorough osteological analysis- A review of external morphological features- An overview of the evolution of reproductive modes- A biogeographic synthesis- Keys to genera and species- Diagnosis and thorough description of each species of marsupial frog- Colored physiographic maps depicting species distributions
By the famous Big Reel columnist: the story of serials from Universal's 1930 The Indians Are Coming to Columbia's 1956 Blazing the Overland Trail. Fifteen fascinating chapters explain the importance of "cliffhangers" to the industry as audience builders and "product leaders." The serials provided training for actors and served as a "technical university" for people who later made the television industry work. An appendix lists in order of release all of the sound serials from 1930 through 1956, showing titles, releasing companies, chapter titles, directors and several cast members. Superb photographs.
Hulton Abbey was a minor Cistercian monastery in north Staffordshire (England), founded in 1219 and finally dissolved in 1538. This is the final report on the archaeological excavations undertaken there between 1987 and 1994. In particular, the chapter house was uncovered and re-assessed and the eastern part of the church and north aisle were completely excavated, together with the eastern half of the nave. The excavations are described by area and chronological phase with detailed specialist reports including architectural stonework and decorated floor tiles. An extensive programme of sampling and analysis of pollen remains from burials was also completed. The remains of 91 individuals, mainly men but also women and children, are reported on in detail, with sections on abnormalities and pathology as well as medieval burial goods such as a wax chalice and wooden wands. Comparisons with other published monastic sites in the region help to place Hulton into a wider context. An important element of the project was education and community involvement and today the site lies in a small urban park in Stoke-on-Trent.
Research on Schools, Neighborhoods, and Communities: Toward Civic Responsibility focuses on research and theoretical developments related to the role of geography in education, human development, and health. William F. Tate IV, the Edward Mallinckrodt Distinguished University Professor in Arts & Sciences at Washington University in St. Louis and former President of the American Educational Research Association, presents a collection of chapters from across disciplines to further understand the strengths of and problems in our communities. Today, many research literatures--e.g., health, housing, transportation, and education--focus on civic progress, yet rarely are there efforts to interrelate these literatures to better understand urgent problems and promising possibilities in education, wherein social context is central. In this volume, social context--in particular, the unequal opportunities that result from geography--is integral to the arguments, analyses, and case studies presented. Written by more than 40 educational scholars from top universities across the nation, the research presented in this volume provides historical, moral, and scientifically based arguments with the potential to inform understandings of civic problems associated with education, youth, and families, and to guide the actions of responsible citizens and institutions dedicated to advancing the public good.
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