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Joseph Stiglitz

Joseph E. Stiglitz is University Professor at Columbia University, the winner of the 2001 Nobel Memorial Prize in Economics, and a lead author of the 1995 IPCC report, which shared the 2007 Nobel Peace Prize. He was chairman of the U.S. Council of Economic Advisors under President Clinton and chief economist and senior vice president of the World Bank for 1997-2000. Stiglitz received the John Bates Clark Medal, awarded biennially to the American economist under 40 who has made the most significant contribution to the subject. He was a Fulbright Scholar at Cambridge University, held the Drummond Professorship at All Souls College Oxford, and has also taught at M.I.T, Yale, Stanford, and Princeton.

Stiglitz helped create a new branch of economics, “The Economics of Information,” exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but also of policy analysts. His work has helped explain the circumstances in which markets do not work well, and how selective government intervention can improve their performance.

At Columbia, Stiglitz co-chairs the Committee on Global Thought and is founder and co-president of the Initiative for Policy Dialogue. He is also president of the International Economic Association, co-chair of the Commission on the Measurement Of Economic Performance and Social Progress and chair of the Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System.

He is the author most recently of The Price of Inequality: How Today’s Divided Society Endangers Our Future.

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By this expert

Where Modern Macroeconomics Went Wrong

Paper Grantee paper | | Sep 2017

This paper provides a critique of the DSGE models that have come to dominate macroeconomics during the past quarter-century.

Why Tax Cuts for the Rich Solve Nothing

Article | Aug 1, 2017

Back-room deals on corporate tax reform won’t increase growth

Stiglitz: Bad News Awaits America's Workers

Article | Dec 28, 2016

Campaign promises aside, the policies favored by President-elect Donal Trump are likely to bring more pain than gain to  working-class Americans 

From Brexit to the Future

Article | Jul 11, 2016

The EU is preparing to take a tough line with Britain, in order to deter other member states from following it out of the Union. But it is the neoliberal agenda that has prevailed for last four decades, benefiting only the top 1%, that is fueled voter anger on both sides of the Atlantic.

Featuring this expert

What Money Can't Buy

Video | Nov 1, 2016

What Money Can’t Buy is a six-part series exploring the role of money and morals in today’s world.

​Why Does Economics Reject New Thinking?

Article | Jul 29, 2016

On George Akerlof’s “The Market for Lemons”

Advanced Graduate Workshop in Development and Globalization

Event Workshop | Jul 4–17, 2016

The Advanced Graduate Workshop in Development, led by Nobel Laureate Joseph Stiglitz is interested in identifying the complex interactions that influence well-being, development and growth.

The Institute at ASSA

Event Discussion | Jan 2, 2016

Join us for a reception at the ASSA conference in San Francisco

Offsite links

Greece, the Sacrificial Lamb

Jul 24, 2015 The New York Times