The true cost of juvenile incarceration

Brace yourself for some sticker shock

Juvenile in prison
(Image credit: (Andrew Lichtenstein/Corbis))

In 2008, five years into a long and expensive conflict, economists Joseph Stiglitz and Laura Bilmes surprised even the Iraq War's critics with their estimation of its true cost. The calculations in their book The Three Trillion Dollar War factored in not only the typical expenditures for manpower and machinery, but more abstract aspects as well, such as the opportunity costs of the war, and the future spending that would be necessary for the care of wounded veterans and bereaved families.

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