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"The Coming Generational Storm" Selected as April eBook of the Month
Award-winning title offers frank look at approaching generational time bomb
BOULDER, COLO.—NetLibrary, in partnership with The MIT Press, is pleased to offer online access to the full text of "The Coming Generational Storm" as the April of eBook of the Month. Winner in the category of Economics in the 2004 Professional/Scholarly Publishing Annual Awards Competition and named a Forbes.com Top Ten Business Book for 2004, "The Coming Generational Storm" offers a chilling analysis of generational imbalance and proposes bold new plans for securing America's economic future.
According to authors Laurence Kotlikoff and Scott Burns, Americans will see skyrocketing tax rates, drastically lower retirement and health benefits, high inflation, a rapidly depreciating dollar, unemployment, and political instability if the U.S. government continues on the course it has set. Washington has lost its compass, say Kotlikoff and Burns, and the Bush administration's spending and tax policies have charted a course straight into the coming generational storm.
Kotlikoff and Burns take us on a guided tour of America's generational imbalance: There's the "fiscal child abuse" that will double the taxes paid by the next generation. There's also the "deficit delusion" of the under-reported national debt. And none of this, they say, will be solved by any of the popularly touted remedies: cutting taxes, technological progress, immigration, foreign investment, or the elimination of wasteful government spending. Kotlikoff and Burns propose bold new policies, including meaningful reforms of Social Security and Medicare, that are simple, straightforward, and geared to attract support from both political parties.
To help libraries promote featured eBook of the Month titles to their patrons, NetLibrary has developed a tool kit of free promotional materials that includes print-on-demand bookmarks, a sample press release, and electronic support materials. More information on April's eBook of the Month is available at:
http://legacy.NetLibrary.com/help/ebookofthemonth/overview.asp
Laurence J. Kotlikoff is Professor of Economics at Boston University and a Research Associate at the National Bureau of Economic Research. One of the nation's leading experts on fiscal policy, national saving, and personal finance, Kotlikoff is author or coauthor of 11 books, hundreds of professional articles, and scores of policy papers and op-eds.
Dallas Morning News personal finance columnist Scott Burns is nationally syndicated by Universal Press. His column can be read on the Web at www.scottburns.com and on MSN's MoneyCentral, one of the three largest financial Web sites.
The MIT Press is a publisher of books and journals based at The Massachusetts Institute of Technology. One of the largest American university presses, it is also the only one whose list is based in science and technology. Committed to the edges and frontiers of the world - to exploring new fields and new modes of inquiry - The MIT Press publishes about 200 new books each year along with 31 journals. It is a major publishing presence in fields as diverse as computational science, architecture, art, new media, economics, cognitive science, environmental studies, neuroscience, and linguistics. The Press's publications in these fields include books for professionals and scholars, trade books for general readers, textbooks, and reference works.
The Press has a long-term commitment to design excellence as well as to the efficient and creative use of new technologies. Its goal is to create books and journals that are challenging, creative, attractive, and yet affordable to individual readers. Originally founded as The Technology Press in 1932, The MIT Press's history actually dates back to 1926, when MIT published the lectures of physicist Max Born as a book entitled Problems of Atomic Dynamics. Despite many changes over the years, The MIT Press has grown and thrived, and has published over 7000 titles. Its current catalog can be browsed at http://mitpress.mit.edu
Headquartered in Boulder, Colorado, NetLibrary is a division of Online Computer Library Center, Inc., a worldwide library cooperative. NetLibrary provides content and technical delivery solutions to institutional libraries, corporations and government agencies that facilitate the purchase, management and distribution of research, reference, digital learning, and general interest content via Web-based technologies. NetLibrary's eContent solution is the most broadly adopted in the market, making the content of more than 400 publishers and eContent providers available through more than 12,000 libraries worldwide.
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