Bankers would not be allowed to lend out their customers’ money without explicit permission and full disclosure of the risks. Large private losses could still take place within the financial system but without endangering the rest of the economy or burdening taxpayers. In short, Kotlikoff’s proposal stops bankers from being able to gamble with other people’s money.
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“The Clash of Generations is so well written that Scott Burns and Laurence Kotlikoff should be considered the Stieg Larssons of economics. But there is one difference: the horror story they tell—about the debts that burden the young—are not fictional. This is a great book of great importance, and every paragraph contains some new and interesting observation.”
—George Akerlof, Nobel Laureate in Economics, 2001
Books and Monographs
- The Economic Consequences of the Vickers Commission, Civitas, 2012.
- The Clash of Generations, (with Scott Burns), MIT Press, 2012.
- Jimmy Stewart is Dead – Ending the World's Ongoing Financial Plague with Limited Purpose Banking. John Wiley and Sons, 2010.
- Spend ‘Til the End – The Revolutionary Guide to Raising Your Living Standard, Today and When You Retire. Simon & Schuster, (with Scott Burns), 2008.
- The Healthcare Fix – Universal Insurance for All Americans, MIT Press, 2007.
- The Coming Generational Storm, (with Scott Burns), MIT Press, 2004.
- Generational Policy, The 2002 Caroli Lectures, MIT Press, 2003.
- Essays on Saving, Bequests, Altruism, and Life-Cycle Planning, MIT Press, 2001.
- Generational Accounting Around the World, co-edited with Alan Auerbach and Willi Leibfritz, NBER volume, University of Chicago Press, 1999.
- Macroeconomics: An Integrated Approach Second Edition, (with Alan Auerbach), MIT Press, 1998.
- Macroeconomics: An Integrated Approach (with Alan Auerbach), Southwestern Publishing Co., 1994.
- Generational Accounting, The Free Press, 1992.
- What Determines Savings, MIT Press, 1989.
- The Wage Carrot and the Pension Stick: Retirement Benefits and Labor Force Participation(with David Wise), The W. E. Upjohn Institute for Employment Research, 1989.
- Dynamic Fiscal Policy (with Alan Auerbach), Cambridge University Press, 1987.
- Pensions in the American Economy (with Daniel Smith), University of Chicago Press, 1983.