Free PDF Five Easy Theses: Commonsense Solutions to America’s Greatest Economic Challenges, by James Stone
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Five Easy Theses: Commonsense Solutions to America’s Greatest Economic Challenges, by James Stone
Free PDF Five Easy Theses: Commonsense Solutions to America’s Greatest Economic Challenges, by James Stone
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Product details
Hardcover: 288 pages
Publisher: Houghton Mifflin Harcourt (May 3, 2016)
Language: English
ISBN-10: 9780544749009
ISBN-13: 978-0544749009
ASIN: 0544749006
Product Dimensions:
5.5 x 0.8 x 8.2 inches
Shipping Weight: 9.6 ounces (View shipping rates and policies)
Average Customer Review:
4.6 out of 5 stars
53 customer reviews
Amazon Best Sellers Rank:
#483,929 in Books (See Top 100 in Books)
James M. Stone has written a splendid book that provides a blueprint for action on some seemingly intractable public policy issues in the United States. Stone begins the book by providing background of his own experience as economist, public administrator, and businessman. He writes, “I am a democrat, but this is not a partisan book. Americans of every political stripe . . . share these concernsâ€.Stone has become concerned about the calcified, ossified, and ineffective government that has prevailed over the last few years in Washington, D. C. He is alarmed by the acrimony, myth-making, and half-truths about public finance in this country. Rather than running to the respective corners to attack the other guy and the other party--on economic issues-- in order to aggravate and elevate the public vitriol—he hopes that elected officials will promote the public interest and find common ground in attempting to resolve the difficult financial issues that beset the country. He writes, “Politicians in both parties steer away from exactly the subjects they ought to be addressing in favor of sound bites, “gotchas†and mini-matters.†He concludes his introduction by stating that â€the book is a short collection of public essays aimed at convincing [the reader] that the adoption of a few familiar commonsense ideas could make the country operate more effectivelyâ€.In succeeding chapters Stone unpacks the problems and solutions to five public policy areas that have bedeviled politicians for the past generation: fiscal balance; inequality; education; health care; and financial sector reform. In each chapter he provides rational and coherent policies that could be enacted to address the issues. For example, he suggests reducing “tax expenditures†and interest deductions to help balance the federal budget. He also provides fertile ideas for reducing the disparity in incomes and wealth, the costs of health care, and strategies to reform financial institutions such as investment banks. He also presents exciting ideas for changes in the U.S. education system—one of which is universal national service.The idea of youth service in this country is not new. The Civilian Conservation Corps in the New Deal era is one of the best known examples. The Peace Corps, Vista, and Americorps are other examples that emerged in the 1960’s through the 1990’s. President George W. Bush advocated mandatory youth service in 2009 when he proposed the Serve America Act. Yet there has been insufficient political consensus on the value of universal mandatory service to the country. Objections include that it is compulsory—rather than voluntary—and that it is expensive. Stone counters with this thoughtful response. [It may be] “the only workable answer to the major issues in American education compatible with cultural realities. It would be an attractive course for its patriotic and social harmony benefits as well. The right program would trade service for financing in the case of the college contingent and provide the absent vocational training for those ending their academic training after high school.â€James M. Stone has written an excellent book concerning public policy reform in this country. His work serves simultaneously as a primer and resource full of suggestions that invite further study and better understanding of some critical policy issues we face as a nation. I recommend the book most highly.
I just finished reading James Stone’s “Five Easy Theses: Commonsense Solutions to American’s Greatest Economic Challengesâ€. I recommend it. Stone is the founder and CEO of Boston-based Plymouth Rock Assurance Corporation. He was a lecturer in Economics at Harvard in the early 1970s, and then Massachusetts' Commissioner of Insurance from 1975 to 1979. He was appointed chairman of the Commodity Futures Trading Commission by President Carter in 1979, and remained on the Commission until 1983.The five challenges his book speaks to are: fiscal balance, inequality, education, healthcare, and financial reform. His extensive experience in the insurance industry and in government provides a unique perspective from which to analyze these problems (the first and last in particular) and think creatively about how they can be / need to be addressed. The changes in policy he recommends flow logically from a careful analysis of the origins of each of the problems and their impact on our economy and our democracy today.Though a self-avowed Democrat with a business man’s perspective, he’s careful not to let his analysis or his recommendations be influenced by politics. He admits that some of his recommendations are unlikely to be adopted in the current political environment. Nevertheless, he puts them forward as goals he thinks reasonable people can agree are worth striving for.Bottom line, Stone’s book is a welcome contribution to an informed discussion of some of the most serious challenges the country faces today. It deserves to be widely read.
I'm a conservative republican, and so I naturally had strong disagreements with some of Jim Stone's ideas. But regardless of whether you agree or disagree with his policy prescriptions, Stone's ideas are concisely and powerfully argued and represent the best of liberal thought. His own career makes him better capable than almost anyone else to speak to the role of proper economic regulation, and how companies can see regulators not as enemies but as allies in serving the common good. The 5 theses range from liberal (single payer healthcare) to conservative (cutting entitlement spending) to non-partisan (promoting a national service year), and Stone's intellectual range - in addition to his thorough consideration of the implementation and effects of each policy - that makes this book worth reading regardless of your political persuasion.
Five Easy Theses is a thoughtful effort to solve five central, but seemingly intractable, policy issues facing this country. It is insightful and balanced. While he admits to his Democratic leaning, the author goes out of his way to engage in a fruitful conversation with someone like me, who has known him for several decades, who grew up as a New England Independent who normally voted Republican. His intended audience is not the doctrinaire Left or Right--no preaching to choirs--but the sensible center, that is, those of us who are ready to sit down and work at finding some workable solutions. You might find yourself quibbling around the edges, but, I would hope, you will delight in having a serious conversation.In the context of the 2016 Presidential campaign, Five Easy Theses is a refreshing and needed antidote to mindless verbiage. One commenter disparaged the book as wonkish, which suggests that serious policy problems can be reduced to soundbites. This book will be welcomed by the serious citizen.
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