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Five Easy Theses: Commonsense Solutions to America's Greatest Economic Challenges, by James Stone
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A NEW YORK TIMES BESTSELLER
A business leader and esteemed economic thinker outlines simple solutions to America’s five most pressing public policy issues, from healthcare to education to inequality.
America today confronts a host of urgent problems, many of them seemingly intractable, but some we are entirely capable of solving. In Five Easy Theses, James M. Stone presents specific, common-sense solutions to a handful of our most pressing challenges, showing how simple it would be to shore up Social Security, rein in an out-of-control financial sector, reduce inequality, and make healthcare and education better and more affordable. The means are right in front of us, Stone explains, in various policy options that — if implemented — could preserve or enhance government revenue while also channeling the national economy toward the greater good. Accessible and thought provoking, Five Easy Theses reveals that a more democratic, prosperous America is well within our reach.
- Sales Rank: #72619 in Books
- Published on: 2016-05-03
- Released on: 2016-05-03
- Original language: English
- Number of items: 1
- Dimensions: 8.50" h x 1.10" w x 5.70" l, .0 pounds
- Binding: Hardcover
- 288 pages
Review
NEW YORK TIMES BESTSELLER
“Five Easy Theses sets out key issues of public policy easy to identify in concept but long unresolved in practice. Stone proposes sensible approaches to breaking the long-standing political deadlock. The specific measures to deal with budgetary balance, income inequality, public education, healthcare, and financial reform should provide a guide for constructive debate as we choose our next president.”
—Paul A. Volcker, chairman of the Federal Reserve (1979 to 1987) under Presidents Carter and Reagan and currently chairman of the Volcker Alliance
“Jim Stone has seen health care from all sides and cuts through the complexities to what really matters beautifully.”
—Atul Gawande, author of Being Mortal
“This is an excellent book, authoritative, informative, very well written, and of course directed to the big issues people care about.”—Edward O. Wilson, University Research Professor Emeritus, Harvard University, Twice Winner of the Pulitzer Prize for Non-Fiction
“An important book for readers of any political stripe who want to get beyond the current domestic policy impasse. You may not agree with everything Stone advocates, but every argument he makes is worthy of serious attention.”—Tom Daschle, Former U.S. Senate Majority Leader (Democrat, S. Dakota)
“Smart, thoughtful, clearly very informed—yet absolutely accessible. It can be difficult to strike this balance, but Stone has caught it exactly.”—Rebecca Henderson, John and Natty McArthur University Professor, Harvard Business School
“Jim Stone's book shows that we can indeed solve many of the nation's seemingly intractable problems if we follow clear headed, non-partisan thinking. If you care about our future, you should read this book.”—David T. Ellwood, Scott M. Black Professor of Political Economy and Former Dean of the Harvard Kennedy School of Government
“Stone has written a powerful, thought-provoking book. Whatever your political party or philosophy, you need to take all five of his theses seriously.”—Clayton Yeutter, former Chairman, Republican National Committee, and former United States Secretary of Agriculture
“An extraordinarily impressive and important book. Stone is smart, balanced, and sensible, three traits that are in desperately short supply in our discourse about the future of the country. His analysis is penetrating, logical and powerful, without ideological spin. Every policy idea he presents follows from that logic. You don't have to agree with all of his proposals to realize his book’s value to politicians, policymakers, and citizens everywhere.” —Norman Ornstein, author, political scientist, and resident scholar at the American Enterprise Institute
“This book is a recipe for restoring America’s greatness. Stone offers thoroughly persuasive solutions to five economic and social problems we often consider insoluble. The more closely we follow his prescriptions, the brighter our national future will be.”—Stephen Kinzer, author of All the Shah’s Men and The Brothers
“James Stone’s Five Easy Theses is masterfully written, straightforward, and free of jargon. The marvelous chapter on income and wealth distribution presents a compelling essay on inequality in the United States. Stone speaks with particular and rare authority on these issues. People should listen to what he has to say.”— Janet Gornick, Director, Luxembourg Income Study, and Professor of Political Science and Sociology, Graduate Center, City University of New York
“Well-crafted and highly engaging, James Stone’s Five Easy Theses takes on five of the nation’s biggest problems and offers solutions that are as simple and accessible as they are illuminating. Particularly at a time of intense partisan polarization, Five Easy Theses is refreshingly honest—a model of straight talk. Readers may not agree with everything Stone proposes, but they’ll marvel at his command of the issues and finish the book with a new sense of possibility and much to cheer about.”—David A. Moss, John G. McLean Professor of Business Administration, Harvard Business School
“A pithy, well-documented distillation of pressing public policy issues including the causes of America’s annual trillion dollar overspend on healthcare—and what, in practical terms, we could do as a nation to substantially lower costs, and perhaps even improve outcomes. In vivid prose that combines convincing evidence and compelling stories, Stone persuasively argues that a universal, single-payer system should replace our highly inflationary patchwork of private insurance and government programs.”—Jonathan D. Quick, MD, MPH, Management Sciences for Health, Global Health Council, and Harvard Medical School
“Five Easy Theses contains cogent, insightful, well-articulated policy prescriptions for a divided nation grappling with critical economic issues. Even if you don’t agree with the policies Stone proposes, the book contains important ideas we all need to think hard about.”—Michael S. Helfer, Former Vice Chairman, Citigroup, Inc.
"In Five Easy Theses, Stone tackles the tough issues: our educational divide, inequality, and eroding retirement security. Not everyone will agree with him on the details of every proposal. But his bold ideas for reform bring a combination of compassion and insight to the national debate."—Alicia H. Munnell, Peter F. Drucker Professor of Management Sciences, Carroll School of Management; Director, Center for Retirement Research at Boston College; and former Assistant Secretary of the Treasury
“Stone’s experience as a successful insurance entrepreneur, an economist, and a former financial regulator, lends substantial credibility to his view that highly leveraged financial derivatives and other ‘innovative’ financial instruments carry risks to the financial system that far outweigh their public good.”
—Ricki R. Tigert, former Chairman, Federal Deposit Insurance Corporation
“This book is eminently readable, accessible, and sensible. It should be required reading for every member of Congress. Jim Stone understands the issues, the underlying tradeoffs, and the very real choices that must be made if we as a nation are to address our greatest economic challenges.”
—Lawrence S. Bacow, President of Tufts University (2001-2011)
From the Inside Flap
Already garnering praise in the academy and on both side of the political aisle for its accessible and hopeful message, James M. Stone’s Five Easy Theses lays out commonsense solutions to our most pressing—and seemingly intractable—domestic policy problems. In straightforward style, Stone presents five vexing issues and the myths that cloud their resolution, revealing powerful, if controversial, solutions to each. With clear, forward-looking recommendations, he shows how we can
• Shore up Social Security
• Tame the federal deficit
• Rein in Wall Street
• Make health care and education more affordable and effective
• Curb inequalities of wealth and opportunity
These vitally important accomplishments are well within our reach, Stone argues, and would only require us to cast off the well-worn partisan straitjacket that has thwarted all attempts to address them in the past. A must-read for anyone—regardless of political affiliation—who cares about the future of this country, Five Easy Theses shows how America can restore the historical decency and prosperity that made it the envy of the world.
From the Back Cover
Praise for Five Easy Theses
“This is an excellent book, authoritative, informative, very well written, and of course directed to the big issues people care about.” — Edward O. Wilson, University Research Professor Emeritus, Harvard University, and two-time winner of the Pulitzer Prize in nonfiction
“An important book for readers of any political stripe who want to get beyond the current domestic policy impasse. You may not agree with everything Stone advocates, but every argument he makes is worthy of serious attention.” — Tom Daschle, former U.S. Senate majority leader (Democrat, South Dakota)
“Smart, thoughtful, clearly very informed—yet absolutely accessible. It can be difficult to strike this balance, but Stone has caught it exactly.” — Rebecca Henderson, John and Natty McArthur University Professor, Harvard Business School
“Jim Stone’s book shows that we can indeed solve many of the nation’s seemingly intractable problems if we follow clear headed, non-partisan thinking. If you care about our future, you should read this book.” — David T. Ellwood, Scott M. Black Professor of Political Economy and former dean of the Harvard Kennedy School of Government
“Stone has written a powerful, thought-provoking book. Whatever your political party or philosophy, you need to take all five of his theses seriously.” — Clayton Yeutter, former chairman, Republican National Committee, and former U.S. secretary of agriculture
Most helpful customer reviews
11 of 11 people found the following review helpful.
Admirable for its civility, intelligence and vision
By Malvin
“5 Easy Theses” by James M. Stone is admirable for its civility, intelligence and vision. Mr. Stone is a highly accomplished individual whose wisdom was gained from many years of success in public service, business and philanthropy. Sketching out a centrist position to many of today’s contentious issues, this earnest book should interest people who desire a better America.
The theses discussed by Mr. Stone include fiscal balance, income inequality, education, health care and financial sector reform. Mr. Stone humanizes these policy discussions by including personal anecdotes and stories. For example, when talking about financial speculation, the author recalls a disastrous decision made by his grandfather just prior to the Crash of 1929 in order to remind us how policy choices can severely impact people’s lives.
Perhaps the greatest attribute of Mr. Stone’s book is its potential to open the middle ground. When one reads Mr. Stone’s thoroughly reasonable positions, it becomes evident that far more consensus exists in American life and culture than contention. Commonsense ideas such as balancing the federal budget by ending the corporate tax deduction on interest and nudging the retirement age up a few years seem entirely feasible. In fact, those on the edges who agitate for greater tax cuts or benefits are put on their heels to explain how the math for their proposals might work.
I highly recommend “5 Easy Theses” to everyone.
6 of 6 people found the following review helpful.
Lower Your Blood Pressure About The Election -- Read a Wonky Book Instead
By Shamm Gold
Are you a wonk? Despairing of politics?
The political yelling will continue. As far as the eye can see. Alas.
However, occasionally in the coming years there will be moments of potential compromise. Windows of Opportunity. Let's be ready. Ready with some "moderate" ideas that help real people, and can thread the needle between both parties.
This book has ideas like that.
For example, banks too big to fail? You can wish for a Congress to jam through laws requiring it. Not going to happen. Jim's clever idea is to incentivize mega banks to break up. Plausible!
If you're a policy nerd, what's your next best alternative to reading this book? Another 4 hours of reading your Facebook feed?
Besides banks, "Five" tackles social security, inequality, health care, education.
5 of 5 people found the following review helpful.
Reasonable arguments on the major issues facing us.
By Jerry Saperstein
Dr. James M. stone is an educated man, a successful man. To his credit, he identifies himself as a member of the Democrat Party, but says he has done his best to adopt an ideology neutral position in making his arguments here.
For him, there are five core issues that cloud the nation’s future:
Fiscal Balance
Inequality
Education
Health Care
Financial Sector reform
He then proceeds to identify and describe the issues, a task he performs well. But considering how long these issues have been around and how often they have been described by various people, that isn’t the most difficult task.
As anticipated and promised in his title, he proceeds to outline his solutions to each of these problems.
Unfortunately there is nothing here that astute students of our culture and society haven’t heard before. Nor are there any proposed solutions that haven’t been tried, albeit partially, in the past without success.
In particular I found that his chapters on Inequality, Education and Health Care failed to address reality in favor of a very biased doctrinaire political interpretation.
Even though I disagree with Dr. James’ proposed solutions, I respect the man for the clarity of his presentation. This is a man with you could have a productive discussion, even though you disagree with him.
A book well worth an audience of all political persuasions.
Jerry
See all 38 customer reviews...
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