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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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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

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 

Featuring this expert

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?

Commission on Global Economic Transformation (CGET) Announcement

Video | Nov 6, 2017

Several founding CGET members announce the ambitious project and respond to questions from the press.

Reawakening

From the Origins of Economic Ideas to the Challenges of Our Time

Event Conference #INET2017 | Oct 21–23, 2017

INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

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.

Offsite links

Greece, the Sacrificial Lamb

Jul 24, 2015 The New York Times