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On Thursday, March 2, 2006, Joseph E. Stiglitz '64, recipient of the 2001 Nobel Memorial Prize in Economics, spoke in the Cole Assembly Room on “The Economic Costs of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict.” A recent study by Stiglitz, a professor of economics at Columbia University, and Linda Bilmes, a budget expert from Harvard, concluded that the cost of the current Iraq war could be $2 trillion. Stiglitz and Bilmes have included costs that official estimates do not, such as long-term medical expenses for injured military personnel.
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