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Three Trillion Dollar War: The True Cost of the Iraq Conflict Hardcover – 3 Mar. 2008

English edition by Joseph Stiglitz (Autor), Linda J. Bilmes (Autor)

4.2 33 ratings

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Reveals massive expenses associated with the Iraq War, including military equipment, veteran care, and Middle East restructuring projects, in a cautionary account that evaluates the war's long-term costs, both financial and human, as well as their consequences to taxpayers.

Print length

336 pages
Language

English
Publisher

Norton
Publication date

3 Mar. 2008
Dimensions

14.99 x 3.3 x 21.84 cm
ISBN-10

0393067017
ISBN-13

978-0393067019
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Joseph Stiglitz
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Product details

Publisher ‏ : ‎ Norton (3 Mar. 2008)
Language ‏ : ‎ English
Hardcover ‏ : ‎ 336 pages
ISBN-10 ‏ : ‎ 0393067017
ISBN-13 ‏ : ‎ 978-0393067019
Dimensions ‏ : ‎ 14.99 x 3.3 x 21.84 cm

Best Sellers Rank: 2,828,485 in Books (See Top 100 in Books)
- 6,308 in US Politics
- 6,718 in International Economics (Books)
- 9,239 in Public Affairs & Policy

Customer reviews:
4.2 33 ratings

About the authors

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Joseph Stiglitz
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Joseph E. Stiglitz is a professor of economics at Columbia University and the recipient of a John Bates Clark Medal and a Nobel Prize. He is also the former senior vice president and chief economist of the World Bank. His books include Globalization and Its Discontents, The Three Trillion Dollar War, and Making Globalization Work. He lives in New York City.
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Linda Bilmes
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Professor Linda Bilmes is an expert on government budgeting and public finance, a faculty member at the Harvard Kennedy School and a former Assistant Secretary and Chief Financial Officer of the US Department of Commerce. She has co-authored multiple books and book chapters and has written extensively on the cost of war, veterans’ issues, national parks, municipal budgeting and financial topics. Her research has been published in the New York Times, Financial Times, Washington Post, Los Angeles Times, Boston Globe, Foreign Policy, The Atlantic, and other media. She serves on numerous boards including the US Department of Interior National Parks Advisory Committee and the United Nations Committee of Experts on Public Administration. She is a member of the Council on Foreign Relations, a Fellow of the National Academy of Public Administration and holds a BA and MBA from Harvard University and a D.Phil from the University of Oxford.
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Customer reviews

4.2 out of 5

33 global ratings

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Top reviews from other countries

Harold B. Pregler

Good book - not very good for one's blood pressure

Reviewed in Canada on 14 June 2013

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What can I say? Not a riveting plot, but essential to covering the topic. I put it down frequently during my reading, in order to let my blood pressure normalize. This is a complete and total condemnation of those who made the decisions to go to war. (I have to quit my review now, as I'm beginning to get angry again).

Edwin C. Pauzer

A Lesson too Important to be Ignored--Again

Reviewed in the United States on 28 January 2011

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There should be a genre known as political thriller or economics thriller. If there were such categories, "The Three Trillion Dollar War" would be in one of them.

The authors make their bias known at the start of the book. They believe that going to war in Iraq was wrong. They give reasons for their position with each chapter of the book outlining the costs of the war in many ways the reader might not even thought of. In order to neutralize their bias, they also present the figures and conclusions in two ways: a best-case scenario, and a rational-realistic one. The former is to err on the side of a conservative supporting view of the war, and the latter is to project what they believe are the true costs of war.

Those costs are measured on the nation's budget, the cost of caring for our veterans, and the costs of war that the government doesn't pay. These topics alone don't sound like political or economic thrillers. While there was a great deal of interesting observations in these chapters, the authors' frequent analyses and charts gave the book a sobering, academic tone.

The last three chapters had me with my highlighter at the ready: the macroeconomic effect of the conflicts, the global consequences, exiting Iraq, and learning from our mistakes got my heart pounding as if it was a Stephen King novel. One question kept coming to mind as I turned each page: why didn't the Bush administration anticipate any of these problems? From my almost daily obsession with the war, it was clear that the issues raised here were never a consideration.

Authors, Stiglitz and Bilmes make the case that war has a multiplier effect. The true costs are not just what it costs to maintain war. It will cost us in the trillions (hence the title) to care for our veterans for years to come, and the cost of their value to society that we will never realize because they are buried. The military will have a multiplier effect, because they will not only have to sustain their budget, but replace it to prewar levels, not to mention rebuilding reserve and guard units. What the government will not provide for will be the burden of the wife, husband, father, mother, brother or sister who require around the clock care that government will not pay for, or will take way too long in processing the claim, and offer way too little if it approves. This is more productivity lost.

What is equally stunning is the trust and popularity that nations once had for the United States has plummeted, even in nations that are our traditional allies, or nations whose cooperation we paid for to join the Coalition of the Willing. Some of these nations rank the U.S. as a greater threat than they do North Korea. This is especially true of Iraqis who saw our troops immediately protect the oil ministry while 6,000 years of antiquities were looted. Faced with the choice of fighting for an occupier or an insurgency, the choice is easy. The U.S. failed to provide law and order, or revive the economy, or end unemployment. We tortured innocent Iraqis as well as insurgents. Why not fight for an insurgency that will torture you only if you fight the occupier?

Stiglitz and Bilmes show us clearly how the cost of this war will continue for decades. 1993 marked the highest expenditure of medical treatment for World War II veterans. We are currently paying 52 billion a year in compensation for those disabled or injured from the first Gulf War where the deaths were approximately 147 troops. With seven injuries for every combat death, a survival rate far higher than Korea or even Vietnam, think of how much and how long we will be paying for a war in which we have almost 5,000 dead and thousands more with severe injuries such as brain damage and loss of limbs.

It is clear that the Congress failed to provide the proper checks and balances on a president determined to go to war. The president also bypassed the budgetary process and hid the true cost of war by getting more money through supplemental budgets that are not scrutinized. Our Defense Department keeps its books on a "cash accounting" basis rather than an accrual one which only covers current costs, not the cost of replacements that will be necessary.

This book easily makes one of my all-time best books for political or economic thoroughness. Why? Because it makes you realize that the true cost of war is not a cost in just the present. It is a morass that continues to strap the strength and energy of a nation. This book makes me realize what I learned a long time ago about Vietnam, a lesson learned and a lesson forgotten in just a little over three decades.

This book provides a lesson that is too important to be ignored--again.

Also Recommended:

The Arrogance of Power

THE IRAQ STUDY GROUP REPORT BY JAMES A. BAKER, III, AND LEE H. HAMILTON, CO-CHAIRS

The Looting of America: How Wall Street's Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity--and What We Can Do About It

Ten Trillion and Counting

Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and StickYou with the Bill)

The Limits of Power: The End of American Exceptionalism (American Empire Project)

Washington Rules: America's Path to Permanent War (American Empire Project)

8 people found this helpful

S Wood

The True cost of Destroying Iraq

Reviewed in the United Kingdom on 23 January 2009

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Joseph Stiglitz and Linda Bilmes have being doing their sums with regard to the total cost of the War in Iraq to the United States. The result is an accessible and readable account which makes the sums straightforward and the reasons and assumptions they have used are made clear to the reader - indeed it is evident that their estimate is on the low side.

Stiglitz, a writer I for one have a good deal of time for, is an economist whom some would understandably pigeon hole as a reformist and this comes across in his writings. I dont think he completely appreciates the level of mendacity and the aims of the conservative right with regard to government. They are not at all disturbed at the disarray of public finances in the U.S. and are quite happy to see goverment spending on social programs and business regulation cut to make payments on the immense public deficit they have bequeathed future citizens of the U.S.

Saying that - he does pay some attention to the financial and human effects of the War with regards to Iraq, Britain and indeed the World in general. His appreciation of the size of the health problem that U.S. troops are incurring is deep and his castigating of the Bush administration record on this is suitably caustic.

He also looks into the explosive growth of private contractors, the effect on cost of oil, the weak congressional oversight of the war and its costs and other related issues. I'd thoroughly reccomend it and other Stiglitz writings, he maybe a bit niave about the prospects for change but his writing is sharp and has a good deal of integrity.

5 people found this helpful

Iraq Vet, Army, 2003-2004

War Is A Racket!

Reviewed in the United States on 12 February 2023

Verified Purchase

A well-written, well-researched book. Published in 2008, it feels odd knowing how this story in going to end, when the authors didn't at the time they were writing. I've read a score of books about Iraq over the years, but this still taught me a few things.
The authors are economists, so the writing is a little dry. However, I can't see any liberal or conservative bias. Stiglitz and Bilmes definitely qualify as "good guys." Worth a read.

Amazon Customer

Good

Reviewed in the United Kingdom on 28 December 2018

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Good

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