Official Projections Underestimate Cost of Iraq War According to American Academy Report
A report issued today by the American Academy of Arts and Sciences finds that the political, military, and economic consequences of war with Iraq could be extremely costly to the United States. The report, "War with Iraq: Costs, Consequences, and Alternatives," is being published under the auspices of the Academy's Committee on International Security Studies (CISS).
William D. Nordhaus (Yale University) estimates the costs of war with Iraq in scenarios that are both favorable and unfavorable to the United States. He projects that the war could cost $99 billion over the next decade in the best case, and in excess of $1.9 trillion during the same period in less favorable circumstances.
Steven E. Miller (Harvard University) examines arguments that war with Iraq will be cheap, beneficial, and hard to avoid, and considers a number of potentially disastrous outcomes of a war with Iraq that have received scant public attention.
Carl Kaysen (Massachusetts Institute of Technology), John D. Steinbruner (University of Maryland), and Martin B. Malin (American Academy of Arts and Sciences), examine the broader national security strategy behind the move toward a preventive war against Iraq.
War with Iraq: Costs, Consequences, and Alternatives is available on the
web at:
http://www.amacad.org/publications/occasional.htm
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