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Joe Stiglitz

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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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The Roots of Argentina’s Surprise Crisis

Article | Jun 12, 2018

A change in macroeconomic policies will not be sufficient to set Argentina on a path of inclusive and sustained economic development. But, as last month’s currency scare showed, abandoning the approach adopted by President Mauricio Macri’s administration at the end of 2015 is a necessary step.

Innovation, Intellectual Property, and Development

Paper Conference paper | | Oct 2017

A better set of approaches for the 21st century.

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

Featuring this expert

The Death Pool

Video | May 23, 2018

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

Times Now News: America has been afflicted by an ideology that doesn’t work, says Joseph Stiglitz

News Apr 30, 2018

Nobel laureate Joseph Stiglitz, in an exclusive interview with timesnownews.com, talks about what is wrong with current American capitalism, rise of a new kind of politics emerging from dissent towards government and more. Here are some excerpts from the interview.

Joe Stiglitz: How to Rewrite the Rules of Globalization

Video | Jan 10, 2018

How did globalization create such discontent in developed and developing countries alike? Nobel laureate and INET grantee Joseph Stiglitz explains in this 150th episode of our “New Economic Thinking” video series.

Redefining Inequality

Video | Nov 8, 2017

As the old lines continue to blur, what does inequality mean in the modern global economy? And, how does the economy need to evolve to address these changes?

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Greece, the Sacrificial Lamb

Jul 24, 2015 The New York Times