Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study casts a spotlight on expenses that have been hidden from the U.S. taxpayer and measures what this money would have produced if it had been invested in the economy.
Winner of the 2001 Nobel Prize in Economics, Joseph E. Stiglitz of Columbia University is the author of Making Globalization Work and Globalization and Its Discontents.
Linda J. Bilmes, a professor of public finance at Harvard¿s Kennedy School of Government, is a former assistant secretary for management and budget in the U.S. Department of Commerce.
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