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Who Stole the American Dream?

Page 59

by Hedrick Smith


  Rossotti, Charles O. Many Unhappy Returns: One Man’s Quest to Turn Around the Most Unpopular Organization in America. Boston: Harvard Business School Press, 2005.

  Rothkopf, David. Superclass: The Global Power Elite and the World They Are Making. New York: Farrar, Straus & Giroux, 2008.

  Scammon, Richard M., and Ben J. Wattenberg. The Real Majority: An Extraordinary Examination of the American Electorate. New York: Coward-McCann, 1970.

  Schattschneider, E. E. Party Government: American Government in Action. New York: Rinehart & Co., 1942.

  ———. The Semisovereign People: A Realist’s View of Democracy in America. New York: Holt, Rinehart & Winston, 1960.

  Schell, Orville. Mandate of Heaven: The Legacy of Tiananmen Square and the Next Generation of China’s Leaders. New York: Simon & Schuster, 1995.

  Schoenbaum, Thomas J. Waging Peace & War: Dean Rusk in the Truman, Kennedy & Johnson Years. New York: Simon & Schuster, 1988.

  Schultz, Ellen E. Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers. New York: Portfolio/Penguin, 2011.

  Shabecoff, Philip. A Fierce Green Fire: The American Environmental Movement. Rev. ed. Washington, DC: Island Press, 2003.

  Shiller, Robert J. Irrational Exuberance. 2nd ed. New York: Broadway Books, 2005.

  Shulman, Beth. The Betrayal of Work: How Low-Wage Jobs Fail 30 Million Americans. New York: The New Press, 2005.

  Smith, Hedrick. The Power Game: How Washington Works. New York: Random House, 1988.

  ———. Rethinking America: Innovative Strategies and Partnerships in Business and Education. New York: Random House, 1995.

  Stiglitz, Joseph E. Freefall: America, Free Markets, and the Sinking of the World Economy. New York: W. W. Norton & Co., 2010.

  ———. Globalization and Its Discontents. New York: W. W. Norton & Co.,2003.

  Toynbee, Arnold J. A Study of History. Abridgment of vols. 1–6 by D. C. Somervell. New York and London: Oxford University Press, 1947.

  ———A Study of History. Abridgment of vols. 7–10 by D. C. Somervell. New York and London: Oxford University Press, 1957.

  Uchitelle, Louis. The Disposable American: Layoffs and Their Consequences. New York: Alfred A. Knopf, 2006.

  Useem, Michael. Investor Capitalism: How Money Managers Are Changing the Face of Corporate America. New York: Basic Books, 1996.

  Vogel, David. Fluctuating Fortunes: The Political Power of Business in America. New York: Basic Books, 1989.

  Warren, Elizabeth, and Amelia Warren Tyagi. The Two-Income Trap: Why Middle-Class Parents Are Going Broke. New York: Basic Books 2003.

  Wicker, Tom. One of Us: Richard Nixon and the American Dream. New York: Random House, 1991.

  Wilkinson, Richard, and Kate Pickett. The Spirit Level: Why Greater Equality Makes Societies Stronger. New York: Bloomsbury Press, 2009.

  Woodward, Bob. Obama’s Wars. New York: Simon & Schuster, 2010.

  Young, Andrew. An Easy Burden: The Civil Rights Movement and the Transformation of America. New York: HarperCollins, 1996.

  ———, and Kabir Sehdal. Walk in My Shoes: Conversations Between a Civil Rights Legend and His Godson on the Journey Ahead. New York: Palgrave Macmillan,2010.

  LIST OF IMPORTANT ARTICLES, PAPERS, AND STUDIES

  Aaronson, Daniel, and Bkhashkar Mazumder. “Intergenerational Economic Mobility in the U.S., 1940 to 2000.” Federal Reserve Bank of Chicago, Chicago, February 2007.

  Aghion, Philippe, Eve Caroli, and Cecilia García-Peñalosa. “Inequality and Economic Growth: The Perspective of the New Growth Theories.” Journal of Economic Literature 37, no. 4 (December 1999): 1615–60.

  Alpert, Daniel, Robert Hockett, and Nouriel Roubini. “The Way Forward.” New America Foundation, Washington, DC, October 2011.

  Aron-Dine, Aviva. “Well-Designed, Fiscally Responsible Corporate Tax Reform Could Benefit the Economy.” Center on Budget and Policy Priorities, Washington, DC, June 4, 2008.

  Aron-Dine, Aviva, and Isaac Shapiro. “Share of National Income Going to Wages and Salaries at Record Low in 2006.” Center on Budget and Policy Priorities, Washington, DC, March 29, 2007.

  Atkinson, Robert D., and Scott M. Andes. “The Atlantic Century II: Benchmarking EU and U.S. Innovation and Competitiveness.” Information Technology and Innovation Foundation, Washington, DC, July 2011.

  Atkinson, Rob, Michael Shellenberger, Ted Nordhaus, et al. “Rising Tigers, Sleeping Giant: Asian Nations Set to Dominate the Clean Energy Race by Out-Investing the United States.” Breakthrough Institute; Information Technology and Innovation Foundation, Washington, DC, November 2009.

  Baker, Dean. “The Productivity to Paycheck Gap: What the Data Show.” Center for Economic and Policy Research, Washington, DC, April 2007.

  Bakija, Jon, Adam Cole, and Bradley T. Heim. “Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data.” Research paper, School of Public and Environmental Affairs, Indiana University, Bloomington, November 2010.

  Bartlett, Bruce. “ ‘Starve the Beast’: Origin and Development of a Budgetary Metaphor.” Independent Review 12, no. 1 (Summer 2007).

  Bebchuk, Lucian A., Alma Cohen, and Holger Spamann. “The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000–2008.” Discussion Paper No. 657, John M. Olin Center for Law, Economics, and Business, Harvard University, Cambridge, MA, February 2010.

  Binder, Sarah A. “The Dynamics of Legislative Gridlock, 1947–1996.” American Political Science Review 93, no. 3 (September 1999).

  Blackwill, Robert D. “Plan B in Afghanistan.” Foreign Affairs 90, no. 1 (January–February 2011).

  Building America’s Future Educational Fund. “Falling Apart and Falling Behind: Transportation Infrastructure Report 2011.” http://​www.​bafuture.​org.

  Butz, William, Terrence K. Kelly, David M. Adamson, et al. “Will the Scientific and Technology Workforce Meet the Requirements of the Federal Government?” Rand Corporation, 2004.

  Case, Karl E., and Robert J. Shiller. “Is There a Housing Bubble?” Brookings Papers on Economic Activity 2, no. 2 (2003): 299–342.

  Case, Karl E., John M. Quigley, and Robert J. Shiller. “Wealth Effects Revisited 1978–2009.” Cowles Foundation for Research in Economics, Yale University, New Haven, CT, February 2011.

  Cassidy, John. “The Greed Cycle.” The New Yorker, September 23, 2002.

  Congressional Research Service. “State, Foreign Operations, and Related Programs: FY2012 Budget and Appropriations.” CRS Report for Congress, Washington, DC, November 23, 2011.

  Dew-Becker, Ian, and Robert J. Gordon. “Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income.” Brookings Papers on Economic Activity 2 (2005).

  Eisenhower Study Group. “The Costs of War Since 2001: Iraq, Afghanistan, and Pakistan.” Watson Institute for International Studies, Brown University, Providence, RI, June 2011.

  Fieldhouse, Andrew, and Ethan Pollack. “Tenth Anniversary of the Bush-Era Tax Cuts.” Economic Policy Institute, Washington, DC, June 1, 2011.

  Foster, John Bellamy, and Hannah Holleman. “The Financial Power Elite.” Monthly Review 62, no. 1 (May 2010).

  Frydman, Carola, and Raven E. Saks. “Executive Compensation: A New View from a Long-Term Perspective, 1936–2005.” Working Paper No. 14145, National Bureau of Economic Research, Cambridge, MA, June 2008.

  Gandhi, Sima J. “Audit the Tax Code: Doing What Works for Tax Expenditures.” Center for American Progress, Washington, DC, April 2010.

  Gilens, Martin. “Inequality and Democratic Reponsiveness.” Special issue, Public Opinion Quarterly 69, no. 5 (2005): 778–96.

  Gramlich, Edward M. “Booms and Busts: The Case of Subprime Mortgages.” Lecture, Federal Reserve Bank of Kansas City symposium, Jackson Hole, Wyoming, August 30–September 1, 2007, 105–13.

  Greenspan, Alan. “Activism,” International Finance 14, no. 1 (Spring 2011).
/>   Hacker, Jacob S., and Paul Pierson. “Abandoning the Middle: The Bush Tax Cuts and the Limits of Democratic Control.” Perspectives on Politics 3, no. 1 (March2005): 33–53.

  Heidkamp, Marie, Nicole Corre, and Carl E. Van Horn. “The New Unemployables.” Issue Brief 25, Sloan Center on Aging & Work, Boston College, Chestnut Hill, MA, November 2010.

  Hindery, Leo, Jr., and Leo W. Gerard. “A Vision for Economic Renewal: An American Jobs Agenda.” Huffington Post, July 22, 2011.

  International Trade Commission. “China: Effects of Intellectual Property Infringement and Indigenous Innovation Policies on the U.S. Economy.” U.S. Department of Commerce, Washington, DC, May 2011.

  Jensen, Michael C., and Kevin Murphy. “Performance Pay and Top-Management Incentives.” Journal of Political Economy 98, no. 2 (April 1990).

  Jensen, Michael C., and William H. Meckling. “Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure.” Journal of Financial Economics 3, no. 4 (October 1976).

  Johnson, Simon. “The Quiet Coup.” The Atlantic, May 2009.

  Jones, David R. “Party Polarization and Legislative Gridlock.” Political Research Quarterly 54, no. 1 (March 2001).

  Kane, Tom. “Global U.S. Troop Deployment, 1950–2005.” Center for Data Analysis, Heritage Foundation, Washington, DC, May 24, 2006.

  Katzman, Kenneth. “Afghanistan: Politics, Elections and Government Performance.” Congressional Research Service, Washington, DC, May 5, 2011.

  ———. “Afghanistan: Post-Taliban Governance, Security, and U.S. Policy.” Congressional Research Service, Washington, DC, May 11, 2010.

  Krepinovich, Andrew. “The Pentagon’s Wasting Assets.” Foreign Affairs 88, no. 4 (July–August 2009).

  Lasky, Mark, and Andrew Gisselquist. “Housing Wealth and Consumer Spending.” Congressional Budget Office, Washington, DC, January 2007.

  Lawless, Robert M. “The Paradox of Consumer Credit.” University of Illinois Law Review 2007, no. 1 (December 15, 2006).

  ———, Angela Littwin, Katherine M. Porter, et al. “Did Bankruptcy Reform Fail? An Empirical Study of Consumer Debtors.” American Bankruptcy Law Journal 82 (October 15, 2008).

  Levy, Frank, and Peter Temin. “Inequality and Institutions in 20th Century America.” Working Paper Series, Department of Economics, Massachusetts Institute of Technology, Cambridge, MA, June 27, 2007.

  Lizza, Ryan. “Inside the Crisis: Larry Summers and the White House Economic Team.” The New Yorker, October 12, 2009.

  ———. “The Obama Memos: The Making of a Post-Post-Partisan Presidency.”The New Yorker, January 30, 2012.

  LoPucki, Lynn M., and William C. Whitford. “Corporate Governance in the Bankruptcy Reorganization of Large, Publicly Held Companies.” University of Pennsylvania Law Review 141, no. 3 (January 1993).

  Lorsch, Jay, and Rakesh Khurana. “The Pay Problem.” Harvard Magazine, May–June 2010.

  Lowell, B. Lindsay, Harold Salzman, Hamutal Bernstein, et al. “Steady as She Goes? Three Generations of Students Through the Science and Engineering Pipeline.” Paper, Institute for the Study of International Migration at Georgetown University, Rutgers University, and the Urban Institute, October 2009.

  Mazumder, Bkhashkar. “Fortunate Sons: New Estimates of Intergenerational Mobility in the United States Using Social Security Data.” Federal Reserve Bank of Chicago, Chicago, July 6, 2004.

  McCormack, Richard. “The Plight of American Manufacturing.” American Prospect, December 21, 2009.

  McIntyre, Robert S., Matthew Gardner, Rebecca J. Wilkins, et al. “Corporate Taxpayers & Corporate Tax Dodgers 2008–10.” Citizens for Tax Justice; Institute on Taxation and Economic Policy, Washington, DC, November 2011.

  Munnell, Alicia, Anthony Webb, and Francesca Golub-Sass. “The National Retirement Risk Index: After the Crash.” Issue Brief No. 9–22, Center for Retirement Research at Boston College, Chestnut Hill, MA, October 2009.

  Munnell, Alicia, Anthony Webb, Francesca Golub-Sass, and Dan Muldoon. “Long Term Care Costs and the National Retirement Risk Index.” Issue Brief No. 9–7, Center for Retirement Research at Boston College, Chestnut Hill, MA, March 2009.

  Nathan, Richard P. “A Retrospective on Richard M. Nixon’s Domestic Policies.” Presidential Studies Quarterly 26, no. 1 (Winter 1996).

  Norton, Michael I., and Dan Ariely. “Building a Better America—One Wealth Quintile at a Time.” Perspectives on Psychological Science 6, no. 1 (2011).

  Organisation for Economic Co-operation and Development. “An Overview of Growing Income Inequalities in OECD Countries: Main Findings.” In Divided We Stand: Why Inequality Keeps Rising, OECD, Paris, France. Accessed December 6, 2011. http://​www.​oecd.​org/​dataoecd/​40/​12/​49170449.​pdf.

  Palley, Thomas I. “America’s Exhausted Paradigm: Macroeonomic Causes of the Financial Crisis and Great Recession.” New America Foundation, Washington, DC, June 2009.

  Palmisano, Samuel J. “The Globally Integrated Enterprise.” Foreign Affairs 85, no. 3 (May–June 2006).

  Pew Research Center. “Inside the Middle Class: Bad Times Hit the Good Life.” Report, Pew Social & Demographic Trends, Pew Research Center, Washington, DC, April 9, 2008.

  Phillips, Rufus. “Déjà Vu All Over Again: Are We Repeating Vietnam?” World Affairs, September–October 2010.

  Piketty, Thomas, and Emmanuel Saez. “How Progressive Is the U.S. Federal Tax System? A Historical and International Perspective.” National Bureau of Economic Research, Washington, DC, July 2006.

  Poole, Keith T. “The Decline and Rise of Party Polarization in Congress During the Twentieth Century.” Extensions, Fall 2005.

  ———, and Howard Rosenthal. “The Political Economy of American Income Inequality.” Voteviewblog, November 23, 2011.

  Powell, Lewis F., Jr. “Attack on American Free Enterprise System.” Memorandum, U.S. Chamber of Commerce, Washington, DC, August 23, 1971.

  Rattner, Steven. “The Secrets of Germany’s Success.” Foreign Affairs 90, no. 4 (July–August 2011).

  Repetti, James R. “Democracy, Taxes, and Wealth.” Research Paper No. 2001–03, Boston College Law School, Newton, MA, June 14, 2001.

  Saez, Emmanuel. “Striking It Richer: The Evolution of Top Incomes in the United States.” Pathways, Winter 2008, 6–7, Stanford Center on Poverty and Inequality, Stanford, CA.

  ———. “Striking It Richer: The Evolution of Top Incomes in the United States(Updated with 2008 Estimate).” July 17, 2010, Pathways Magazine, Stanford Center on Poverty and Inequality, Stanford, CA, winter 2008, 6–7.

  ———. “Striking It Richer: The Evolution of Top Incomes in the United States(Updated with 2009 and 2010 Estimates).” March 2, 2012. Stanford Center on Poverty and Inequality, Stanford, CA.

  Samuelson, Paul A. “Where Ricardo and Mill Rebut and Confirm Arguments of Mainstream Economists Supporting Globalization.” Journal of Economic Perspectives 18, no. 2 (Summer 2004).

  Sanger, David. “Rethinking the Afghanistan War—What-Ifs.” The New York Times Magazine, July 31, 2010.

  Schmitt, John. “Labor Market Policy in the Great Recession: Some Lessons from Denmark and Germany.” Center for Economic and Policy Research, Washington, DC, May 2011.

  Scott, Robert E. “The Benefits of Revaluation.” EPI Briefing Paper. Economic Policy Institute, Washington, DC, June 17, 2011.

  ———. “Unfair China Trade Costs Local Jobs: 2.4 Million Jobs Lost, Thousands Displaced in Every U.S. Congressional District.” EPI Briefing Paper. Economic Policy Institute, Washington, DC, March 23, 2010.

  Shiller, Robert J. “Household Reactions to Changes in Housing Wealth.” Discussion Paper 1459, Cowles Foundation, Yale University, New Haven, CT, April 2004.

  Spence, Michael. “The Impact of Globalization on Income and Employment: The Downside of Integrating Markets.” Foreign Affairs 90, no. 4 (July–August 2011).

  ———, and Sandile Hlatshwayo. “The Evolving Structure of the American Economy and the Emp
loyment Challenge.” Working paper, Council on Foreign Relations, Washington, DC, March 2011.

  Stillman, Sarah. “The Invisible Army: Workers Hired into the War Zone.” The New Yorker, June 6, 2011.

  Summers, Larry. “Executive Summary of Economic Policy Work.” Memo to President-Elect Barack Obama, December 15, 2008. http://​s3.​documentcloud.​org/​documents/​285065/​summers-​12-​15-​08-​memo.​pdf.

  VanDerhei, Jack. “Evaluation of the Adequacy and Structure of U.S. Voluntary Retirement Plans, with Special Emphasis on 401(k) Plans.” Benefits Quarterly, Third Quarter 2010.

  ———. “401(k) Plan Asset Allocation, Account Balances, and Loan Activity in2009.” EBRI Issue Brief No. 350, Employee Benefits Research Institute, Washington, DC, November 2010.

  ———. “Measuring Retirement Income Adequacy: Calculating Realistic Income Replacement Rates.” EBRI Issue Brief No. 297, Employee Benefits Research Institute, Washington, DC, September 2006.

  ———. “A Post-Crisis Assessment of Retirement Income Adequacy for Baby

  Boomers and Gen Xers.” EBRI Issue Brief No. 354, Employee Benefits Research Institute, Washington, DC, November 15, 2010.

  Waterhouse, Benjamin C. “Reviving the ‘Voice of Business’: American Employers’ Associations in Economic Crisis, 1970–1975.” Working paper, Business History Conference, St. Louis, MO, April 2, 2011.

  Whitaker, John C. “Nixon’s Domestic Policy: Both Liberal and Bold in Retrospect.” Presidential Studies Quarterly 26, no. 1 (Winter 1996).

  ALSO BY HEDRICK SMITH

  The Russians

  The Power Game: How Washington Works

  The New Russians

  Rethinking America

  Reagan the Man, the President (coauthor)

  Beyond Reagan: The Politics of Upheaval (coauthor)

  ABOUT THE AUTHOR

  Hedrick Smith is a bestselling author, Pulitzer Prize–winning reporter, and Emmy Award–winning producer. His books The Russians (1976) and The Power Game (1988) were critically acclaimed bestsellers and are widely used in college courses today. As a reporter at The New York Times, Smith shared a Pulitzer for the Pentagon Papers series and won a Pulitzer for his international reporting from Russia in 1971–1974. Smith’s prime-time specials for PBS have won several awards for examining systemic problems in modern America and offering insightful, prescriptive solutions.

 

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