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Studies in the Economics of Aging is the fourth book in a series from the National Bureau of Economic Research that addresses economic issues in aging and retirement. Building on the research in The Economics of Aging (1989), Issues in the Economics of Aging (1990), and Topics in the Economics of Aging (1992), this volume examines elderly population growth and government spending, life expectancy and health, saving for retirement and housing values, aging in Germany and Taiwan, and the utilization of nursing home and other long-term care.

More than eighty percent of the world's fish population lives in fisheries. At the same time, nearly three-quarters of the world's most important fish species face extinction due to overfishing and environmental contamination. Successful Fisheries Management explores the possibilities for effective and sustainable fisheries management across the globe. Seven case studies examine both the successes and failures of fisheries from India to Australia to Senegal. Experts in their field, the contributors offer their audience a unique and absolutely essential examination of international fisheries management.

Medical malpractice suits today can result in multi-million-dollar settlements, and a practicing physician can pay $100,000 or more annually for malpractice insurance. Some complain that lawyers and plaintiffs are overcompensated by exorbitant judgments that add to the rising cost of health care. But there has been very little evidence to show whether these arguments are true. In this timely work, six experts in health policy, law, and medicine study nearly 200 malpractice claims to show that, contrary to popular perceptions, victims of malpractice are not overcompensated and our legal system for dealing with malpractice claims is not defective.

The authors survey claims filed in Florida between 1986 and 1989 by people who suffered permanent injury or death during birth or during treatment in an emergency room. How often did illegitimate claims result in financial awards? What was the relation between the injury and the amount the patient lost economically? How much did the plaintiffs actually recover? How did the claimants choose their lawyers and what kind of relationship did they have?

Contrary to common perceptions, in the majority of cases the claims were merited, and the authors found that claimants were on average substantially undercompensated—only about one-fifth of plaintiffs recovered more than their economic loss caused by injury or death. The evidence in this book suggests that placing dollar limits on malpractice cases is unjustified and that our tort system is not so faulty after all.

The concept of surplus captures the politics of production and also conveys the active material means by which people develop the strategies to navigate everyday life. Surplus: The Politics of Production and the Strategies of Everyday Life examines how surpluses affected ancient economies, governments, and households in civilizations across Mesoamerica, the Southwest United States, the Andes, Northern Europe, West Africa, Mesopotamia, and eastern Asia.

A hallmark of archaeological research on sociopolitical complexity, surplus is central to theories of political inequality and institutional finance. This book investigates surplus as a macro-scalar process on which states or other complex political formations depend and considers how past people—differentially positioned based on age, class, gender, ethnicity, role, and goal—produced, modified, and mobilized their social and physical worlds.

Placing the concept of surplus at the forefront of archaeological discussions on production, consumption, power, strategy, and change, this volume reaches beyond conventional ways of thinking about top-down or bottom-up models and offers a comparative framework to examine surplus, generating new questions and methodologies to elucidate the social and political economies of the past.

Contributors include Douglas J. Bolender, James A. Brown, Cathy L. Costin, Kristin De Lucia, Timothy Earle, John E. Kelly, Heather M. L. Miller, Christopher R. Moore, Christopher T. Morehart, Neil L. Norman, Ann B. Stahl, Victor D. Thompson, T. L. Thurston, and E. Christian Wells.

Michael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the prosperous economy of the mid-1990s. In this controversial book, the author provides a close look at what actually happened to the American economy during the years of the "Reagan Revolution" and reveals that the huge deficits had no negative effect on the economy. It was the other policies of the Reagan years--high interest rates to fight inflation, supply-side tax cuts, reductions in regulation, increased advantages for investors and the wealthy, the unraveling of the safety net for the poor--that were unsuccessful in generating more rapid growth and other economic improvements.
Meeropol provides compelling evidence of the failure of the U.S. economy between 1990 and 1994 to generate rising incomes for most of the population or improvements in productivity. This caused, first, the electoral repudiation of President Bush in 1992, followed by a repudiation of President Clinton in the 1994 Congressional elections. The Clinton administration made a half-hearted attempt to reverse the Reagan Revolution in economic policy, but ultimately surrendered to the Republican Congressional majority in 1996 when Clinton promised to balance the budget by 2000 and signed the welfare reform bill. The rapid growth of the economy in 1997 caused surprisingly high government revenues, a dramatic fall in the federal budget deficit, and a brief euphoria evident in an almost uncontrollable stock market boom. Finally, Meeropol argues powerfully that the next recession, certain to come before the end of 1999, will turn the predicted path to budget balance and millennial prosperity into a painful joke on the hubris of public policymakers.
Accessibly written as a work of recent history and public policy as much as economics, this book is intended for all Americans interested in issues of economic policy, especially the budget deficit and the Clinton versus Congress debates. No specialized training in economics is needed.
"A wonderfully accessible discussion of contemporary American economic policy. Meeropol demonstrates that the Reagan-era policies of tax cuts and shredded safety nets, coupled with strident talk of balanced budgets, have been continued and even brought to fruition by the neo-liberal Clinton regime." --Frances Fox Piven, Graduate School, City University of New York
Michael Meeropol is Chair and Professor of Economics, Western New England College.

The revolution in social scientific theory and practice known as nonlinear dynamics, chaos, or complexity, derived from recent advances in the physical, biological, and cognitive sciences, is now culminating with the widespread use of tools and concepts such as praxis, fuzzy logic, artificial intelligence, and parallel processing. By tracing a number of conceptual threads from mathematics, economics, cybernetics, and various other applied systems theoretics, this book offers a historical framework for how these ideas are transforming the social sciences. Daneke goes on to address a variety of persistent philosophical issues surrounding this paradigm shift, ranging from the nature of human rationality to free will. Finally, he describes this shift as a path for revitalizing the social sciences just when they will be most needed to address the human condition in the new millennium.

Systemic Choices describes how praxis and other complex systems tools can be applied to a number of pressing policy and management problems. For example, simulations can be used to grow a number of robust hybrid industrial and/or technological strategies between cooperation and competition. Likewise, elements of international agreements could be tested for sustainability under adaptively evolving institutional designs. Other concrete applications include strategic management, total quality management, and operational analyses.

This exploration of a wide range of technical tools and concepts will interest economists, political scientists, sociologists, psychologists, and those in the management disciplines such as strategy, organizational behavior, finance, and operations.

Gregory A. Daneke is Professor of Technology Management, Arizona State University, and of Human and Organization Development, The Fielding Institute.