Joseph Stiglitz: Difference between revisions
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===The Labour Party=== |
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In July 2015, Stiglitz endorsed [[Jeremy Corbyn]]'s [[Jeremy Corbyn Labour Party leadership campaign, 2015|campaign]] in [[Labour Party (UK) leadership election, 2015|Labour Party leadership election]]. He said: "I am not surprised at all that there is a demand for a strong anti-austerity movement around increased concern about inequality. The promises of [[New Labour]] in the UK and of the Clintonites in the US have been a disappointment."<ref name="theguardian">{{cite news |last=Macalister|first=Terry|url=https://www.theguardian.com/politics/2015/jul/26/joseph-stiglitz-jeremy-corbyn-labour-leadership-contender-anti-austerity|title=Joseph Stiglitz: unsurprising Jeremy Corbyn is a Labour leadership contender|work= |location= |publisher=''[[The Guardian]]''|date=26 July 2015|accessdate=15 July 2017}}</ref><ref name="independent">{{cite news |last=Segalov|first=Michael|url=http://www.independent.co.uk/news/uk/home-news/nobel-prize-winning-economist-joseph-stiglitz-is-not-surprised-at-success-of-the-corbyn-campaign-10418090.html|title=Jeremy Corbyn is favourite for Labour leadership because party has 'wimped out', says Nobel Prize winner Joseph Stiglitz|work= |location= |publisher=''[[The Independent]]''|date=27 July 2015|accessdate=15 July 2017}}</ref><ref name="cityam">{{cite news |last=Papadopoullos|first=Chris|url=http://www.cityam.com/220973/stiglitz-i-m-not-shocked-labour-lurch|title=Economist Joseph Stiglitz not shocked by Labour lurch: The rise of Jeremy Corbyn gets a big supporter|work= |location= |publisher=''[[City A.M.]]''|date=27 July 2015|accessdate=15 July 2017}}</ref> |
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On September 27, 2015, it was announced that he had been appointed to the [[Labour Party (UK)|British Labour Party's]] [[Economic Advisory Committee]], convened by [[Shadow Chancellor]] [[John McDonnell (politician)|John McDonnell]] and reporting to [[Leader of the Labour Party (UK)|Labour Party Leader]] [[Jeremy Corbyn]],<ref name="LP01">{{cite web |last= |first= |title=Labour announces new Economic Advisory Committee |publisher=''Labour Press'' |date=27 September 2015 |url=http://press.labour.org.uk/post/129975218774/labour-announces-new-economic-advisory-committee |accessdate=11 March 2016}}</ref> although he reportedly failed to attend the first meeting.<ref name="NS03">{{cite web |last=Chakelian |first=Anoosh |title="Labour must get real about the economy": is Corbyn's economic advisory board unravelling? |publisher=''[[New Statesman]]'' |date=27 January 2016 |url=http://www.newstatesman.com/politics/economy/2016/01/labour-must-get-real-about-economy-corbyn-s-economic-advisory-board |accessdate=11 March 2016}}</ref> |
On September 27, 2015, it was announced that he had been appointed to the [[Labour Party (UK)|British Labour Party's]] [[Economic Advisory Committee]], convened by [[Shadow Chancellor]] [[John McDonnell (politician)|John McDonnell]] and reporting to [[Leader of the Labour Party (UK)|Labour Party Leader]] [[Jeremy Corbyn]],<ref name="LP01">{{cite web |last= |first= |title=Labour announces new Economic Advisory Committee |publisher=''Labour Press'' |date=27 September 2015 |url=http://press.labour.org.uk/post/129975218774/labour-announces-new-economic-advisory-committee |accessdate=11 March 2016}}</ref> although he reportedly failed to attend the first meeting.<ref name="NS03">{{cite web |last=Chakelian |first=Anoosh |title="Labour must get real about the economy": is Corbyn's economic advisory board unravelling? |publisher=''[[New Statesman]]'' |date=27 January 2016 |url=http://www.newstatesman.com/politics/economy/2016/01/labour-must-get-real-about-economy-corbyn-s-economic-advisory-board |accessdate=11 March 2016}}</ref> |
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Revision as of 11:38, 15 July 2017
Joseph Stiglitz | |
---|---|
Chief Economist of the World Bank | |
In office February 13, 1997 – February 2000 | |
Preceded by | Michael Bruno |
Succeeded by | Nicholas Stern |
Chair of the Council of Economic Advisers | |
In office June 28, 1995 – February 13, 1997 | |
President | Bill Clinton |
Preceded by | Laura Tyson |
Succeeded by | Janet Yellen |
Personal details | |
Born | Joseph Eugene Stiglitz February 9, 1943 Gary, Indiana, U.S. |
Political party | Democratic |
Spouse(s) | Jane Hannaway (Divorced) Anya Schiffrin (2004–present) |
Education | Amherst College (BA) Massachusetts Institute of Technology (MA, PhD) University of Chicago |
Academic career | |
Field | Macroeconomics, public economics, information economics |
School or tradition | New Keynesian economics[1] |
Doctoral advisor | Robert Solow[2] |
Influences | John Maynard Keynes, Robert Solow, James Mirrlees, Henry George |
Contributions | |
Information at IDEAS / RePEc | |
Joseph Eugene Stiglitz (born February 9, 1943) is an American economist and a professor at
In 2000, Stiglitz founded the
Stiglitz has received more than 40 honorary degrees, including from Harvard, Oxford, and Cambridge Universities and been decorated by several governments including Korea, Colombia, Ecuador, and most recently France, where he was appointed a member of the Legion of Honor, order Officer.
Based on academic citations, Stiglitz is the 4th most influential economist in the world today,
Life and career
Stiglitz was born in
In addition to making numerous influential contributions to
He is a member of Collegium International, an organization of leaders with political, scientific, and ethical expertise whose goal is to provide new approaches in overcoming the obstacles in the way of a peaceful, socially just and an economically sustainable world. He is also a member of the scientific committee of the Fundacion IDEAS, a Spanish think tank.[26]
Stiglitz has advised American president
In October 2008, he was asked by the President of the United Nations General Assembly to chair a commission drafting a report on the reasons for and solutions to the financial crisis.[29] In response, the commission produced the Stiglitz Report.
On July 25, 2011, Stiglitz participated in the "I Foro Social del 15M" organized in
Stiglitz was the president of the International Economic Association from 2011 to 2014.[31]
On September 27, 2015, the United Kingdom Labour Party announced that Stiglitz was to sit on its Economic Advisory Committee along with five other world leading economists.
Contributions to economics
![](http://upload.wikimedia.org/wikipedia/commons/thumb/2/26/Joseph_Stiglitz.jpg/200px-Joseph_Stiglitz.jpg)
Henry George theorem
Stiglitz made early contributions to a theory of public finance stating that an optimal supply of local
Information asymmetry
Stiglitz's most famous research was on
Before the advent of models of imperfect and asymmetric information, the traditional
Whenever there are "externalities" – where the actions of an individual have impacts on others for which they do not pay or for which they are not compensated – markets will not work well. But recent research has shown that these externalities are pervasive, whenever there is imperfect information or imperfect risk markets – that is always. The real debate today is about finding the right balance between the market and government. Both are needed. They can each complement each other. This balance will differ from time to time and place to place.
In an interview in 2007, Stiglitz explained further:[38]
The theories that I (and others) helped develop explained why unfettered markets often not only do not lead to social justice, but do not even produce efficient outcomes. Interestingly, there has been no intellectual challenge to the refutation of Adam Smith's invisible hand: individuals and firms, in the pursuit of their self-interest, are not necessarily, or in general, led as if by an invisible hand, to economic efficiency.
The preceding claim is based on Stiglitz 1986 paper, "Externalities in Economies with Imperfect Information and
I hope to show that Information Economics represents a fundamental change in the prevailing paradigm within economics. Problems of information are central to understanding not only market economics but also political economy, and in the last section of this lecture, I explore some of the implications of information imperfections for political processes.
Shapiro-Stiglitz efficiency wage model
Stiglitz also did research on
- Unlike other forms of capital, humans can choose their level of effort.
- It is costly for firms to determine how much effort workers are exerting.
A full description of this model can be found at the links provided.[42][43] Some key implications of this model are:
- Wages do not fall enough during recessions to prevent unemployment from rising. If the demand for labour falls, this lowers wages. But because wages have fallen, the probability of 'shirking' (workers not exerting effort) has risen. If employment levels are to be maintained, through a sufficient lowering of wages, workers will be less productive than before through the shirking effect. As a consequence, in the model, wages do not fall enough to maintain employment levels at the previous state, because firms want to avoid excessive shirking by their workers. So, unemployment must rise during recessions, because wages are kept 'too high'.
- Possible corollary: Wage sluggishness. Moving from one private cost of hiring <w∗> to another private cost of hiring <w∗∗> will require each firm to repeatedly re-optimize wages in response to shifting unemployment rate. Firms cannot cut wages until unemployment rises sufficiently (a coordination problem).
The outcome is never Pareto efficient.
- Each firm employs too few workers because it faces private cost of hiring rather than the social cost – which is equal to and in all cases.[clarification needed] This means that firms do not "internalize" the "external" cost of unemployment – they do not factor how large-scale unemployment harms society when assessing their own costs. This leads to a negative externality as marginal social cost exceeds the firm's marginal cost (MSC = Firm's Private Marginal Cost + Marginal External Cost of increased social unemployment)[clarification needed]
- There are also positive externalities: each firm increases the asset value of unemployment for all other firms when they hire during recessions. By creating hypercompetitive labor markets, all firms (the winners when laborers compete) experience an increase in value. However, this effect of increased valuation is very unapparent, because the first problem (the negative externality of sub-optimal hiring) clearly dominates since the 'natural rate of unemployment' is always too high.
Practical implications of Stiglitz theorems
While the mathematical validity of Stiglitz et al. theorems are not in question, their practical implications in political economy and their application in real life economic policies have been subject to disagreement and debate.[44] Stiglitz himself has evolved his political-economic discourse over time.[45]
Once incomplete and imperfect information are introduced, Chicago-school defenders of the market system cannot sustain descriptive claims of the Pareto efficiency of the real world. Thus, Stiglitz's use of rational-expectations equilibrium assumptions to achieve a more realistic understanding of capitalism than is usual among rational-expectations theorists leads, paradoxically, to the conclusion that capitalism deviates from the model in a way that justifies state action – socialism – as a remedy.[46]
The effect of Stiglitz's influence is to make economics even more presumptively interventionist than Samuelson preferred. Samuelson treated market failure as the exception to the general rule of efficient markets. But the Greenwald-Stiglitz theorem posits market failure as the norm, establishing "that government could potentially almost always improve upon the market's resource allocation." And the Sappington-Stiglitz theorem "establishes that an ideal government could do better running an enterprise itself than it could through privatization"[47] (Stiglitz 1994, p. 179).[46]
Objections to the wide adoption of positions suggested by Stiglitz's discoveries do not come from economics itself, but mostly from political scientists, especially in the field of sociology. As David L. Prychitko discusses in his "critique" to Whither Socialism? (see below), although Stiglitz's main economic insight seems generally correct, it still leaves open great constitutional questions such as how the coercive institutions of the government should be constrained and what the relation is between the government and civil society.[48]
Government
Clinton administration
Stiglitz joined the Clinton Administration in 1993,[49] serving first as a member during 1993–1995, and was then appointed Chairman of the Council of Economic Advisers on June 28, 1995, in which capacity he also served as a member of the cabinet. He became deeply involved in environmental issues, which included serving on the Intergovernmental Panel on Climate Change, and helping draft a new law for toxic wastes (which was never passed).
Stiglitz's most important contribution in this period was helping define a new economic philosophy, a "third way", which postulated the important, but limited, role of government, that unfettered markets often did not work well, but that government was not always able to correct the limitations of markets. The academic research that he had been conducting over the preceding 25 years provided the intellectual foundations for this "third way".
When President Bill Clinton was re-elected, he asked Stiglitz to continue to serve as Chairman of the Council of Economic Advisers for another term. But he had already been approached by the World Bank to be its senior vice president for development policy and its chief economist, and he assumed that position after his CEA successor was confirmed on February 13, 1997.
As the World Bank began its ten-year review of the transition of the former
Stiglitz always had a poor relationship with Treasury Secretary Lawrence Summers.[52] In 2000, Summers successfully petitioned for Stiglitz's removal, supposedly in exchange for World Bank President James Wolfensohn's re-appointment – an exchange that Wolfensohn denies took place. Whether Summers ever made such a blunt demand is questionable – Wolfensohn claims he would "have told him to fuck himself".[53]
Stiglitz resigned from the World Bank in January 2000, a month before his term expired.[51] The Bank's president, James Wolfensohn, announced Stiglitz's resignation in November 1999 and also announced that Stiglitz would stay on as Special Advisor to the President, and would chair the search committee for a successor.
Joseph E. Stiglitz said today [Nov. 24, 1999] that he would resign as the World Bank's chief economist after using the position for nearly three years to raise pointed questions about the effectiveness of conventional approaches to helping poor countries.[54]
In this role, he continued criticism of the IMF, and, by implication, the US Treasury Department. In April 2000, in an article for The New Republic, he wrote:
They’ll say the IMF is arrogant. They’ll say the IMF doesn’t really listen to the developing countries it is supposed to help. They’ll say the IMF is secretive and insulated from democratic accountability. They’ll say the IMF's economic ‘remedies’ often make things worse – turning slowdowns into recessions and recessions into depressions. And they’ll have a point. I was chief economist at the World Bank from 1996 until last November, during the gravest global economic crisis in a half-century. I saw how the IMF, in tandem with the U.S. Treasury Department, responded. And I was appalled.
The article was published a week before the annual meetings of the World Bank and IMF and provoked a strong response. It proved too strong for Summers and, yet more lethally, Stiglitz's protector-of-sorts at the World Bank, Wolfensohn. Wolfensohn had privately empathised with Stiglitz's views, but this time was worried for his second term, which Summers had threatened to veto.[citation needed] Stanley Fischer, deputy managing director of the IMF, called a special staff meeting and informed at that gathering that Wolfensohn had agreed to fire Stiglitz. Meanwhile, the Bank's External Affairs department told the press that Stiglitz had not been fired, his post had merely been abolished.[55]
In a September 19, 2008 radio interview, with
Initiative for Policy Dialogue
In July 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), with support of the Ford, Rockefeller, McArthur, and Mott Foundations and the Canadian and Swedish governments, to enhance democratic processes for decision-making in developing countries and to ensure that a broader range of alternatives are on the table and more stakeholders are at the table.
Commission on the Measurement of Economic Performance and Social Progress
At the beginning of 2008, Stiglitz chaired the Commission on the Measurement of Economic Performance and Social Progress, also known as the Stiglitz-Sen-Fitoussi Commission, initiated by President Sarkozy of France. The Commission held its first plenary meeting on April 22–23, 2008, in Paris. Its final report was made public on September 14, 2009.[56]
Commission of Experts on Reforms of the International Monetary and Financial System
![](http://upload.wikimedia.org/wikipedia/commons/thumb/9/97/Stiglitz_-_World_Economic_Forum_Annual_Meeting_Davos_2009.jpg/260px-Stiglitz_-_World_Economic_Forum_Annual_Meeting_Davos_2009.jpg)
In 2009, Stiglitz chaired the Commission of Experts on Reforms of the International Monetary and Financial System which was convened by the President of the United Nations General Assembly "to review the workings of the global financial system, including major bodies such as the World Bank and the IMF, and to suggest steps to be taken by Member States to secure a more sustainable and just global economic order".[57] Its final report was released on September 21, 2009.[58][59]
Greek debt crisis
In 2010, Professor Stiglitz acted as an advisor to the Greek government. He appeared on Bloomberg TV for an interview on the risks of Greece defaulting, in which he stated that he was very confident that Greece would not default. He went on to say that Greece was under "speculative attack" and though it had "short-term liquidity problems... and would benefit from Solidarity Bonds", the country was "on track to meet its obligations".[citation needed]
The next day, during a BBC interview, Stiglitz stated that "there's no problem of Greece or Spain meeting their interest payments". He argued nonetheless, that it would be desirable and needed for all of Europe to make a clear statement of belief in social solidarity and that they "stand behind Greece". Confronted with the statement: "Greece's difficulty is that the magnitude of debt is far greater than the capacity of the economy to service", Stiglitz replied, "That's rather absurd".[citation needed]
In 2012, Stiglitz described the European austerity plans as a "suicide-pact".[60]
Scotland
Since March 2012, Stiglitz has been a member of the Scottish Government's Fiscal Commission Working Group, which oversees the work to establish a fiscal and macro economic framework for an independent Scotland on behalf of the Scottish Council of Economic Advisers.
Together with Professors
The Labour Party
In July 2015, Stiglitz endorsed
On September 27, 2015, it was announced that he had been appointed to the
Economic views
Support for anti-austerity movement in Spain
On July 25, 2011, Stiglitz participated in the "I Foro Social del 15M" organized in Madrid (Spain) expressing his support for the anti-austerity movement in Spain.[30] During an informal speech, he made a brief review of some of the problems in Europe and in the United States, the serious unemployment rate and the situation in Greece. "This is an opportunity for economic contribution social measures", argued Stiglitz, who made a critical speech about the way authorities are handling the political exit to the crisis. He encouraged those present to respond to the bad ideas, not with indifference, but with good ideas. "This does not work, you have to change it", he said.
Criticism of rating agencies
Stiglitz has been critical of rating agencies, describing them as the "key culprit" in the financial crisis, noting "they were the party that performed the alchemy that converted the securities from F-rated to A-rated. The banks could not have done what they did without the complicity of the rating agencies."[67]
Stiglitz co-authored a paper with
Criticism of Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership
Stiglitz warned that the Trans-Pacific Partnership (TPP) presented "grave risks" and it "serves the interests of the wealthiest."[69][70]
Stiglitz also opposed the
Regulation
Stiglitz argues that relying solely on business self-interest as the means of achieving the well-being of society and economic efficiency is misleading, and that instead "What is needed is stronger norms, clearer understandings of what is acceptable – and what is not – and stronger laws and regulations to ensure that those that do not behave in ways that are consistent with these norms are held accountable".[74]
Land value tax (Georgism)
Stiglitz argues that land value tax would improve the efficiency and equity of agricultural economies. Stiglitz believes that societies should rely on a generalized Henry George principle to finance public goods, protect natural resources, improve land use, and reduce the burden of rents and taxes on the poor while increasing productive capital formation. Stiglitz advocates taxing "natural resource rents at as close to 100 percent as possible" and that a corollary of this principle is that polluters should be taxed for "activities that generate negative externalities."[75] Stiglitz therefore asserts that land value taxation is even better than its famous advocate Henry George thought.[76]
Views on the eurozone
In a September 2016 interview Stiglitz stated that "the cost of keeping the Eurozone together probably exceeds the cost of breaking it up."[77]
Books
Along with his technical economic publications (he has published over 300 technical articles), Stiglitz is the author of books on issues from patent law to abuses in international trade.
The Euro: How a Common Currency Threatens the Future of Europe (2016)
The Great Divide: Unequal Societies and What We Can Do About Them (2015)
From the jacket: In The Great Divide, Joseph E. Stiglitz expands on the diagnosis he offered in his best-selling book The Price of Inequality and suggests ways to counter America's growing problem. Stiglitz argues that inequality is a choice – the cumulative result of unjust policies and misguided priorities.
Creating a Learning Society: A New Approach to Growth, Development, and Social Progress
Creating a Learning Society, (co authored with Bruce C. Greenwald), cast light on the significance of this insight for economic theory and policy. Taking as a starting point Kenneth J. Arrow's 1962 paper "Learning by Doing," they explain why the production of knowledge differs from that of other goods and why market economies alone typically do not produce and transmit knowledge efficiently. Closing knowledge gaps and helping laggards learn are central to growth and development. But creating a learning society is equally crucial if we are to sustain improved living standards in advanced countries.
The Price of Inequality (2012)
From the jacket: As those at the top continue to enjoy the best health care, education, and benefits of wealth, they often fail to realize that, as Joseph E. Stiglitz highlights, "their fate is bound up with how the other 99 percent live ... It does not have to be this way. In The Price of Inequality Stiglitz lays out a comprehensive agenda to create a more dynamic economy and fairer and more equal society"
The book received the
Freefall (2010)
In Freefall: America, Free Markets, and the Sinking of the World Economy, Stiglitz discusses the causes of the 2008 recession/depression and goes on to propose reforms needed to avoid a repetition of a similar crisis, advocating government intervention and regulation in a number of areas. Among the policy-makers he criticises are George W. Bush, Larry Summers, and Barack Obama.[79]
The Three Trillion Dollar War (2008)
The Three Trillion Dollar War (co-authored with Linda Bilmes) examines the full cost of the Iraq War, including many hidden costs. The book also discusses the extent to which these costs will be imposed for many years to come, paying special attention to the enormous expenditures that will be required to care for very large numbers of wounded veterans. Stiglitz was openly critical of George W. Bush at the time the book was released.[80]
Stability with Growth
In
Making Globalization Work (2006)
Making Globalization Work surveys the inequities of the global economy, and the mechanisms by which developed countries exert an excessive influence over developing nations. Dr. Stiglitz argues that through tariffs, subsidies, an over-complex patent system and pollution, the world is being both economically and politically destabilised. Stiglitz argues that strong, transparent institutions are needed to address these problems. He shows how an examination of incomplete markets can make corrective government policies desirable.
Stiglitz is an exception to the general pro-globalisation view of professional economists, according to economist Martin Wolf.[81] Stiglitz argues that economic opportunities are not widely enough available, that financial crises are too costly and too frequent, and that the rich countries have done too little to address these problems. Making Globalization Work[82] has sold more than two million copies.
Fair Trade for All
In Fair Trade for All, authors Stiglitz and Andrew Charlton argue that it is important to make the trading world more development friendly.[83] The idea is put forth that the present regime of tariffs and agricultural subsidies is dominated by the interests of former colonial powers and needs to change. The removal of the bias toward the developed world will be beneficial to both developing and developed nations. The developing world is in needs of assistance, and this can only be achieved when developed nations abandon mercantilist based priorities and work towards a more liberal world trade regime.[84]
New Paradigm for Monetary Economics
The Roaring Nineties (2003)
The Roaring Nineties is Stiglitz' analysis of the boom and bust of the 1990s. Presented from an insider's point of view, firstly as chair of President Clinton's Council of Economic Advisors, and later as chief economist of the World Bank, it continues his argument on how misplaced faith in free-market ideology led to the global economic issues of today, with a perceptive focus on US policies.
Globalization and Its Discontents (2002)
In Globalization and Its Discontents, Stiglitz argues that what are often called "developing economies" are, in fact, not developing at all, and puts much of the blame on the IMF.
Stiglitz bases his argument on the themes that his decades of theoretical work have emphasized: namely, what happens when people lack the key information that bears on the decisions they have to make, or when markets for important kinds of transactions are inadequate or don't exist, or when other institutions that standard economic thinking takes for granted are absent or flawed. Stiglitz stresses the point: "Recent advances in economic theory" (in part referring to his own work) "have shown that whenever information is imperfect and markets incomplete, which is to say always, and especially in developing countries, then the invisible hand works most imperfectly." As a result, Stiglitz continues, governments can improve the outcome by well-chosen interventions. Stiglitz argues that when families and firms seek to buy too little compared to what the economy can produce, governments can fight recessions and depressions by using expansionary monetary and fiscal policies to spur the demand for goods and services. At the microeconomic level, governments can regulate banks and other financial institutions to keep them sound. They can also use tax policy to steer investment into more productive industries and trade policies to allow new industries to mature to the point at which they can survive foreign competition. And governments can use a variety of devices, ranging from job creation to manpower training to welfare assistance, to put unemployed labor back to work and cushion human hardship.
Stiglitz complains bitterly that the IMF has done great damage through the economic policies it has prescribed that countries must follow in order to qualify for IMF loans, or for loans from banks and other private-sector lenders that look to the IMF to indicate whether a borrower is creditworthy. The organization and its officials, he argues, have ignored the implications of incomplete information, inadequate markets, and unworkable institutions – all of which are especially characteristic of newly developing countries. As a result, Stiglitz argues, the IMF has often called for policies that conform to textbook economics but do not make sense for the countries to which the IMF is recommending them. Stiglitz seeks to show that these policies have been disastrous for the countries that have followed them.
Whither Socialism? (1994)
One of the reasons Stiglitz sees for the critical failing in the standard neoclassical model, on which market socialism was built, is its failure to consider the problems that arise from lack of perfect information and from the costs of acquiring information. He also identifies problems arising from its assumptions concerning completeness.[85]
Papers and conferences
Stiglitz wrote a series of papers and held a series of conferences explaining how such information uncertainties may have influence on everything from unemployment to lending shortages. As the chairman of the Council of Economic Advisers during the first term of the Clinton Administration and former chief economist at the World Bank, Stiglitz was able to put some of his views into action. For example, he was an outspoken critic of quickly opening up financial markets in developing countries. These markets rely on access to good financial data and sound bankruptcy laws, but he argued that many of these countries didn't have the regulatory institutions needed to ensure that the markets would operate soundly.
Awards and honors
In addition to being awarded the Nobel Memorial prize, Stiglitz has over 40 honorary doctorates and at least eight honorary professorships, as well as an honorary deanship.[86][87][88]
In 2011, he was named by
Personal life
Stiglitz married Jane Hannaway in 1978; the couple later divorced.
Selected bibliography
Books
- Stiglitz, Joseph E.; ISBN 9780262190558.
- Stiglitz, Joseph E.; ISBN 9780070841055.
- Stiglitz, Joseph E.; ISBN 9780198284178.
- Stiglitz, Joseph E. (1989). The economic role of the state. Oxford, UK Cambridge, Massachusetts, US: ISBN 9780631171355.
- Stiglitz, Joseph E.; ISBN 9780393965117.
- Stiglitz, Joseph E. (1994). ISBN 9780262691826.
- Stiglitz, Joseph E. (2000). Economics of the public sector (3rd ed.). New York: W.W. Norton & Company. ISBN 9780393966510.
- Stiglitz, Joseph E.; Meier, Gerald M. (2001). Frontiers of development economics: the future in perspective. Washington, D.C. Oxford New York: ISBN 9780195215922.
- Stiglitz, Joseph E.; Holzmann, Robert (2001). New ideas about old age security: toward sustainable pension systems in the 21st century. Washington, DC: ISBN 9780821348222.
- Stiglitz, Joseph E.; Yusuf, Shahid (2001). Rethinking the East Asia miracle. Washington, D.C. New York: ISBN 9780195216004.
- Stiglitz, Joseph E. (author); )
- Stiglitz, Joseph E.; ISBN 9780199253579. (Reprinted 2005.)
- Stiglitz, Joseph E. (2002). ISBN 9780393051247.
- Stiglitz, Joseph; ISBN 9780521810340.
- Stiglitz, Joseph E. (2003). The roaring nineties: a new history of the world's most prosperous decade. New York: W.W. Norton & Company. ISBN 9780393058529.
- Stiglitz, Joseph E. (2004). The development round of trade negotiations in the aftermath of Cancún. London, UK: ISBN 9780850928013.
- Stiglitz, Joseph E.; Charlton, Andrew (2005). Fair trade for all: how trade can promote development. Oxford New York: Oxford University Press. ISBN 9780199290901.
- Stiglitz, Joseph E.; ISBN 9780393926224.
- Stiglitz, Joseph E.; ISBN 9780393926248.
- Stiglitz, Joseph E.; ISBN 9780199288144.
- Stiglitz, Joseph E. (2006). ISBN 9780393061222.
- Stiglitz, Joseph E.; ISBN 9780393067019.
- Stiglitz, Joseph E.; ISBN 9780199578818.
- Stiglitz, Joseph E. (2010). ISBN 9781595585202.
- Stiglitz, Joseph E.; ISBN 9781595585196.
- Stiglitz, Joseph (2010). ISBN 9780393338959.
- Also as: Stiglitz, Joseph (2010). ISBN 9780141045122.
- Also as: Stiglitz, Joseph (2010).
- Stiglitz, Joseph E. (2012). The Price of Inequality: How Today's Divided Society Endangers Our Future. New York: ISBN 9780393088694.
- Stiglitz, Joseph; ISBN 9780231152143.
- Stiglitz, Joseph E. (2015). The great divide: unequal societies and what we can do about them. New York: ISBN 9780393248579.
- Stiglitz, Joseph E.; Greenwald, Bruce C. (2015). Creating a learning society: a new approach to growth, development, and social progress. Columbia: Columbia University Press. ISBN 9780231175494.
- Stiglitz, Joseph E. (2016). The Euro: And its Threat to the Future of Europe. Allen Lane. ISBN 9780241258156.
Book chapters
- Stiglitz, Joseph E. (1989), "Principal and agent", in )
- Stiglitz, Joseph E. (1993), "Market socialism and neoclassical economics", in )
- Stiglitz, Joseph E. (2009), "Regulation and failure", in
- Stiglitz, Joseph E. (2009), "Simple formulae for optional income taxation and the measurement of inequality", in )
Selected scholarly articles
1970–1979
- Stiglitz, Joseph E.; doi:10.1016/0022-0531(70)90038-4.)
{{cite journal}}
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(help)CS1 maint: postscript (link - Stiglitz, Joseph E. (May 1974). "Alternative theories of wage determination and unemployment in LDC's: the labor turnover model". The Quarterly Journal of Economics. 88 (2). Oxford Journals: 194–227. )
- Stiglitz, Joseph E. (April 1974). "Incentives and risk sharing in sharecropping". Review of Economic Studies. 41 (2). Oxford Journals: 219–55. )
- Stiglitz, Joseph E.; )
- Stiglitz, Joseph E.; )
- Stiglitz, Joseph E.; )
1980–1989
- Stiglitz, Joseph E.;
- Stiglitz, Joseph E.; )
- Stiglitz, Joseph E. (March 1987). "The causes and consequences of the dependence of quality on price". The American Economic Review. 25 (1). American Economic Association via JSTOR: 1–48. )
1990–1999
- Stiglitz, Joseph E.; )
- Stiglitz, Joseph E. (Winter 1993). "Post Walrasian and Post Marxian economics". )
- Stiglitz, Joseph E. (August 1996). "Some lessons from the East Asian miracle". World Bank Research Observer. 11 (2). )
- Stiglitz, Joseph E.; Uy, Marilou (August 1996). "Financial markets, public policy, and the East Asian miracle". World Bank Research Observer. 11 (2). )
- Stiglitz, Joseph E. (September 1997). "Georgescu-Roegen versus Solow/Stiglitz". doi:10.1016/S0921-8009(97)00092-X.)
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- See also: Nicholas Georgescu-Roegen and Robert Solow
- Stiglitz, Joseph E. (March 1998). "Redefining the role of the state – What should it do? How should it do it? And how should these decisions be made?". Paper presented at the Tenth Anniversary of MITI Research Institute, Tokyo.
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- Also as: Stiglitz, Joseph E. (2001), "Redefining the role of the state – What should it do? How should it do it? And how should these decisions be made?", in Stiglitz, Joseph E. (author); )
2000–2009
- Stiglitz, Joseph E. (Spring 1998). "Distinguished lecture on economics in government: the private uses of public interests: incentives and institutions". )
- Stiglitz, Joseph E. (May 18, 2007). "Prizes, not patents". Post-Autistic Economics Review. 42. World Economics Association: 48–50.
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2010 onwards
- Stiglitz, Joseph E. (May 28, 2014). "Reforming taxation to promote growth and equity". White paper. Roosevelt Institute.
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Articles in popular press
- Stiglitz, Joseph E. "Joseph E. Stiglitz". Project Syndicate. Retrieved October 29, 2013.
- various articles from 2001 onwards.
- Stiglitz, Joseph E. (17 April 2000). "What I learned at the world economic crisis: the insider" (pdf). The New Republic. Chris Hughes.
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- See also: Wade, Robert (January–February 2001). "Showdown at the World Bank". New Left Review. II (7). New Left Review: 124–37.)
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- See also:
- Stiglitz, Joseph E.; Orszag, Peter R.; Orszag, Jonathan M. (March 2, 2002). "Implications of the new Fannie Mae and Freddie Mac risk-based capital standard" (Pdf). Fannie Mae Press. I (2). Fannie Mae: 1–10.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (Fall 2003). "Information and the change in the paradigm in economics, part 1". The American Economist. 47 (2). )
- Stiglitz, Joseph E. (Spring 2004). "Information and the change in the paradigm in economics, part 2". The American Economist. 48 (1). )
- Stiglitz, Joseph E. (December 2007). "The economic consequences of Mr. Bush". Vanity Fair. Condé Nast.
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(help)CS1 maint: postscript (link) Non-subscription version. - Stiglitz, Joseph E. (January 2009). "Capitalist fools". Vanity Fair. Condé Nast.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph (June 12, 2009). "America's socialism for the rich". The Guardian. London.
- Stiglitz, Joseph E. (July 2009). "Wall Street's toxic message". Vanity Fair. Condé Nast.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (April 22, 2010). "The Non-Existent Hand". London Review of Books. 32 (8): 17–18. Retrieved February 14, 2011.
- Review of the book: ISBN 9781846142581.
- Review of the book:
- Stiglitz, Joseph E. (May 2011). "Of the 1%, by the 1%, for the 1%". Vanity Fair. Condé Nast.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (July 12, 2011). "The ideological crisis of Western capitalism". )
- Stiglitz, Joseph E. (January 2013). "The post-crisis crises". CFO Insight Magazine. Euro Treasurer.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (April 2013). "The promise of abenomics". CFO Insight Magazine. Euro Treasurer.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (January 2015). "The Chinese Century". Vanity Fair. Condé Nast.
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(help)CS1 maint: postscript (link) - Stiglitz, Joseph E. (June 29, 2015). "Joseph Stiglitz: how I would vote in the Greek referendum". The Guardian. Guardian Media Group.
Video and online sources
- Stiglitz, Joseph E. (2007). Committee hearing (via YouTube) (Speech). World Bank & Global Poverty, House Financial Services Committee (C-SPAN). Washington, D.C. Retrieved October 29, 2014.
- Stiglitz, Joseph E. (presenter); Sarasin, Jacques (director) (May 2007). "1–5". Where is the world going, Mr. Stiglitz?. New York: First Run Features. Five-part series on two DVD discs.
- Stiglitz, Joseph E. (presenter); Sarasin, Jacques (director) (March 2009). Around the world with Joseph Stiglitz. Arte France / Les Productions Faire Bleu / Swan productions. Original French title Le monde selon Stiglitz.
- Stiglitz, Joseph E.; Bilmes, Linda (February 28, 2008). The three trillion dollar war. Panel discussion regarding their new book. Columbia University.
- Book details: Stiglitz, Joseph E.; ISBN 9780393067019.
- Book details: Stiglitz, Joseph E.;
- Stiglitz, Joseph E. (February 9, 2010). "Bloomberg News" (Video) (YouTube). Interviewed by Andrea Catherwood. Retrieved October 29, 2014.
Stiglitz says EU should defend Greece from speculators
- Stiglitz, Joseph E. (guest); Hendry, Hugh (guest); Casajuana, Carlos (guest) (February 9, 2010). "Newsnight" (Video) (BBC). Interviewed by Emily Maitlis. Retrieved October 29, 2014.
What should Europe do about Greece?
- Stiglitz, Joseph E. (February 9, 2010). "Bloomberg News" (Video) (YouTube). Interviewed by Andrea Catherwood. Retrieved October 29, 2014.
Stiglitz says EU should defend Greece from speculators
- Stiglitz, Joseph E. (August 21, 2014). Inequality, wealth, and growth: why capitalism is failing (Speech). 5th Lindau Meeting on Economic Sciences. Lake Constance, Germany: Lindau Nobel Laureate Meetings. Retrieved October 29, 2014.
Papers
See also
References
- ^ a b Smith, Noah (13 January 2017). "Tribal warfare in economics a thing of the past". The Australian Financial Review. Fairfax Media. Bloomberg.
Look on the Wikipedia pages of economists Joseph Stiglitz and Greg Mankiw or any of a number of prominent economists. On the sidebar on the right, you'll see an entry for "school or tradition". Both Stiglitz and Mankiw are listed as "New Keynesian". That makes absolutely no sense whatsoever. Stiglitz and Mankiw's research is in totally different areas. Stiglitz did work on asymmetric information, efficiency wages, land taxes and a host of other microeconomic phenomena ... Nor are their policy positions even remotely similar – Stiglitz is a hero to the left, while Mankiw is a small-government conservative. In fact, Mankiw did important research on some models called "New Keynesian". Stiglitz did not.
- MIT. p. 4. Retrieved 8 November 2016.
- ^ "Former Chief Economists". worldbank.org. World Bank.
- ^ "Former Members of the Council". whitehouse.gov. Archived from the original on 2012-10-23.
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suggested) (help) - ^ Gochenour, Zachary, and Bryan Caplan. "An entrepreneurial critique of Georgism." The Review of Austrian Economics 26.4 (2013): 483-491.
- ^ Orszag, Peter (March 3, 2015). "To Fight Inequality, Tax Land". Bloomberg View. Retrieved 12 November 2016.
- ^ Lucas, Edward. "Land-value tax: Why Henry George had a point". The Economist. Retrieved 12 November 2016.
- ^ "The Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System". un.org. United Nations.
- ISBN 9781595585196.
- ^ "The International Economics Association". International Economics Association. October 14, 2013.
- ^ "IEA World Congress 2014". International Economics Association. October 14, 2013.
- ^ "Economist Rankings at IDEAS – Top 10% Authors, as of May 2013". Research Papers in Economics. May 2013. Retrieved June 19, 2013.
- ^ Brown, Gordon (April 21, 2011). "The 2011 TIME 100". time.com.
- ^ Taylor, Ihsan. "Best Sellers - The New York Times". Nytimes.com. Retrieved October 29, 2013.
- ^ "International Who's who of Authors and Writers". 2008.
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(help) - Cengage Learning.
- ^ a b "Joseph E. Stiglitz: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". Nobelprize.org. February 9, 1943. Retrieved October 29, 2013.
- ^ "A shilling in the meter and a penny for your thoughts ... An Interview with Professor Joseph E Stiglitz" (PDF). Optima. 2005. Archived from the original (PDF) on October 14, 2011. Retrieved April 27, 2011.
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suggested) (help) - ^ Stiglitz, Joseph. CV (PDF). Columbia University. Archived from the original (pdf) on 2011-05-13.
{{cite book}}
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suggested) (help) - ^ "Staff: Professor Joseph E Stiglitz". manchester.ac.uk. University of Manchester. Archived from the original on 12 January 2007.
- ^ "Master Economics and Public Policy". sciences-po.fr. Edudier à Sciences Po. Archived from the original on 2009-10-15.
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suggested) (help) - ^ Bruce C. Greenwald & Joseph E. Stiglitz: Keynesian, New Keynesian and New Classical Economics. Oxford Economics Papers, 39, March 1987, pp. 119–33. (PDF; 1,62 MB) Archived 2011-05-13 at the Wayback Machine
- ^ Bruce C. Greenwald & Joseph E. Stiglitz: Examining Alternative Macroeconomic Theories. Brookings Papers on Economic Activity, No. 1, 1988, pp. 201–70. (PDF; 5.50 MB) Archived 2011-05-13 at the Wayback Machine
- ^ Greg Palast (October 10, 2001). "multi-day interview with Greg Palast". Gregpalast.com. Retrieved October 29, 2013.
- ^ "Joseph Stiglitz – former World Bank Chief Economist". Retrieved 25 May 2017.
- ^ Fundación Ideas. "Comité Científico". Retrieved May 8, 2011.
- ^ Stiglitz, Joseph E. (March 31, 2009). "Obama's Ersatz Capitalism". The New York Times. Retrieved April 2, 2009.
- ^ "Stiglitz Says Ties to Wall Street Doom Bank Rescue". Bloomberg News. April 17, 2009. Retrieved April 18, 2009.
- ^ "Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System". un.org. United Nations.
- ^ a b "Joseph Stiglitz apoya el movimiento 15-M". Retrieved July 26, 2011.
- ^ "International Economic Association (IEA)". Iea-world.com. Retrieved October 29, 2013.
- ^ Richard J. Arnott & Joseph E. Stiglitz, 1979. "Aggregate Land Rents, Expenditure on Public Goods, and Optimal City Size," The Quarterly Journal of Economics, Oxford University Press, vol. 93(4), pages 471-500.
- ^ Stiglitz, J.E. (1977) The theory of local public goods. In: Feldstein, M.S. and R.P. Inman (eds.) The Economics of Public Services. MacMillan, London, pp. 274–333.
- ^ JSTOR 1891114.
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(help)CS1 maint: postscript (link) PDF; 2.96 MB Archived 2011-05-13 at the Wayback Machine - ^ "Wang, Shaoguang. The State, Market Economy, and Transition. Department of Political Science, Yale University" (PDF). Retrieved October 29, 2013.
- ^ Stiglitz, Joseph (December 20, 2002). "There is no invisible hand". The Guardian Comment. London: Guardian Media Group. Retrieved October 29, 2013.
- The International Herald Tribune. Archived from the original on 26 June 2009.)
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(help - ^ "Stiglitz, Joseph E. The pact with the devil. Beppe Grillo's Friends interview". Beppegrillo.it. Retrieved October 29, 2013.
- ^ "Stiglitz, Joseph E. Prize Lecture: Information and the Change in the Paradigm in Economics. Joseph E. Stiglitz held his Prize Lecture December 8, 2001, at Aula Magna, Stockholm University. He was presented by Lars E.O. Svensson, Chairman of the Prize Committee". Nobelprize.org. December 8, 2001. Retrieved October 29, 2013.
- ^ Stiglitz, Aula Magna
- ^ )
- ^ http://coin.wne.uw.edu.pl/lwincenciak/docs/lecture_4.pdf
- ^ "Efficiency wages, the Shapiro-Stiglitz Model" (PDF). Retrieved October 29, 2013.
- ^ "Consensus, dissensus, confusion: the `Stiglitz Debate' in perspective". Archived from the original on 2007-04-22. Retrieved 2007-08-03.
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suggested) (help) - ^ Friedman, Benjamin M. (August 15, 2002). "Globalization: Stiglitz's Case". Nybooks.com. The New York Review of Books, Volume 49, Number 13. Retrieved October 29, 2013.
- ^ a b Boettke, Peter J. "What Went Wrong with Economics?, Critical Review Vol. 11, No. 1, pp. 35, 58" (PDF). Retrieved October 29, 2013.
- ^ "Privatization, Information and Incentives" (PDF). Archived from the original (PDF) on 2006-05-18. Retrieved 2007-05-15.
{{cite web}}
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suggested) (help) - ^ "Whither Socialism?". Archived from the original on 1997-06-07. Retrieved 2007-09-26.
{{cite web}}
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suggested) (help) - ^ "Brief Biography of Joseph E. Stiglitz". columbia.edu. Columbia University.
- Wade, Robert (January–February 2001). "Showdown at the World Bank". New Left Review. II (7). New Left Review: 124–37.)
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(help)CS1 maint: postscript (link - ^ a b Hage, Dave (October 11, 2000). "Joseph Stiglitz: A Dangerous Man, A World Bank Insider Who Defected". Star Tribune. Minneapolis: Commondreams.org. Archived from the original on August 14, 2013. Retrieved October 29, 2013.
{{cite web}}
: Unknown parameter|deadurl=
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suggested) (help) - ^ Hirsh, Michael (18 July 2009). "Why Washington ignores an economic prophet". Newsweek. Newsweek LLC.
- ^ Mallaby, The World's Banker, p. 266.
- ^ Stevenson, Richard W. (November 25, 1999). "Outspoken chief economist leaving World Bank". The New York Times. The New York Times Company. Retrieved October 29, 2013.
- ^ Wade, Robert. US hegemony and the World Bank: Stiglitz's firing and Kanbur's resignation (PDF). UC Berkeley. Archived from the original (pdf) on 29 May 2008.
- ^ "Stiglitz documentation". Commission on the Measurement of Economic Performance and Social Progress. September 14, 2009. Archived from the original on 20 July 2015.
- ^ "Terms of Reference Commission of Experts of the President of the United Nations General Assembly on Reforms of the International Monetary and Financial System". Retrieved May 27, 2009.
- ^ The Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System, UN General Assembly
- ^ NGLS. "Commission of Experts on Reforms of the International Monetary and Financial System, official site". Un-ngls.org. Retrieved October 29, 2013.
- ^ Moore, Malcolm (Jan 17, 2012). "Stiglitz says European austerity plans are a 'suicide pact'". Telegraph. London. Retrieved April 26, 2012.
- ^ Staff writer (25 March 2012). "Fiscal Commission Working Group". The Scottish Government. Archived from the original on 1 February 2013.
- ^ Macalister, Terry (26 July 2015). "Joseph Stiglitz: unsurprising Jeremy Corbyn is a Labour leadership contender". The Guardian. Retrieved 15 July 2017.
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(help) - ^ Segalov, Michael (27 July 2015). "Jeremy Corbyn is favourite for Labour leadership because party has 'wimped out', says Nobel Prize winner Joseph Stiglitz". The Independent. Retrieved 15 July 2017.
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(help) - ^ Papadopoullos, Chris (27 July 2015). "Economist Joseph Stiglitz not shocked by Labour lurch: The rise of Jeremy Corbyn gets a big supporter". City A.M. Retrieved 15 July 2017.
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(help) - ^ "Labour announces new Economic Advisory Committee". Labour Press. 27 September 2015. Retrieved 11 March 2016.
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(help) - ^ Chakelian, Anoosh (27 January 2016). ""Labour must get real about the economy": is Corbyn's economic advisory board unravelling?". New Statesman. Retrieved 11 March 2016.
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: Italic or bold markup not allowed in:|publisher=
(help) - ^ Neate, Rupert (August 22, 2011). "Ratings agencies suffer 'conflict of interest', says former Moody's boss". The Guardian. London. Retrieved April 21, 2012.
- ^ "Implications of the New Fannie Mae and Freddie Mac Risk-Based Capital Standard" (PDF). Fannie Mae. Retrieved February 10, 2010.
- Sydney Morning Herald. December 9, 2013. Retrieved December 9, 2013.
- New York Times. Retrieved March 17, 2014.
- ^ Simons, Ned (2 March 2016). "UK Should Consider Brexit If EU Signs TTIP, Suggests Labour Economics Adviser Joseph Stiglitz". The Huffington Post. Retrieved 14 March 2016.
- ^ Sheffield, Hazel (2 March 2016). "EU referendum: UK could be better off leaving if TTIP passes, Joseph Stiglitz says". The Independent. Retrieved 14 March 2016.
- ^ "Brexit better for Britain than toxic TTIP, says Joseph Stiglitz". RT UK. 3 March 2016. Retrieved 14 March 2016.
- ^ Stiglitz, Joseph (24 December 2013). "Ethiopia: Do Human Rights Make Economic Sense?" – via AllAfrica.
- .
- ^ Stiglitz, Joseph; Presentation at a Institute for New Economic Thinking conference on Apr 8, 2015 https://www.youtube.com/watch?v=Fg6UwAQJUVo
- ^ Photiadou, Artemis; Brown, Stuart (5 September 2016). "Interview with Joseph Stiglitz: "The cost of keeping the Eurozone together probably exceeds the cost of breaking it up"". blogs.lse.ac.uk. London School of Economics.
- ^ "Book Award". RFKcenter.org. Archived from the original on 2015-06-19.
{{cite web}}
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suggested) (help) - ^ Krupa, Joel (June 7, 2010). "Guiding the Invisible Hand". Retrieved December 28, 2010.
- ^ Perry, Kevin (March 4, 2008). "Joseph Stiglitz interview about The Three Trillion Dollar War". London: The Beaver. Retrieved September 29, 2010.
- ISBN 978-0-300-10252-9, p. 8. Also Wolf criticizes World Bank heavily (pp. xiii–xv).
- YouTube
- ^ Blandford, David. "review of Fair Trade for All, by J.E. Stiglitz and Andrew Charlton". American Journal of Agricultural Economics. 90 (2): 2008.
- ^ Northcott, Michael S. "review of Fair Trade For All by J.E. Stiglitz and Andrew Charlton". Studies in World Christianity. 12 (3): 2006.
- ^ Zapia, Carlo. "The economics of information, market socialism and Hayek's legacy" (PDF). Dipartimento di Economia Politica, Università di Siena. Archived from the original (PDF) on June 14, 2007. Retrieved October 29, 2013.
{{cite web}}
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suggested) (help) - ^ Curriculum Vitae Archived 2011-05-13 at the Wayback Machine, Joseph E. Stiglitz
- ^ "Durham University Business School recognises Nobel Laureate winning economist". Durham University. September 23, 2005.
- ^ "CERGE-EI | Executive and Supervisory Committee | Governance Bodies | People". Cerge-ei.cz. Retrieved October 29, 2013.
- ^ "The FP Top 100 Global Thinkers". Foreign Policy. Retrieved October 29, 2013.
- ^ "Stephen Emerson and Joseph Stiglitz awarded the Légion d'Honneur – France in the United States/ Embassy of France in Washington". Ambafrance-us.org. Retrieved October 29, 2013.
- ^ "Fellowship of the Royal Society 1660-2015". Royal Society. Archived from the original on 2015-07-15.
{{cite web}}
: Unknown parameter|deadurl=
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suggested) (help) - ^ [ Displaying Abstract ] (June 10, 2012). "Dr. Jane Hannaway Bride of Joseph Stiglitz". NYTimes.com. Retrieved October 29, 2013.
- ^ Mary K. Mewborn (October 2004). "Real Estate News". Washingtonlife.com. Retrieved October 29, 2013.
- ^ "Anya Schiffrin, Joseph Stiglitz". The New York Times. October 31, 2004.
External links
![](http://upload.wikimedia.org/wikipedia/commons/thumb/f/fa/Wikiquote-logo.svg/34px-Wikiquote-logo.svg.png)
![](http://upload.wikimedia.org/wikipedia/en/thumb/4/4a/Commons-logo.svg/30px-Commons-logo.svg.png)
- Official website
- Joseph E. Stiglitz | Columbia Business School Directory
- Information and the Change in the Paradigm in Economics 2001 lecture at NobelPrize.org
- Profile and Papers at Research Papers in Economics/RePEc
- Publications at the National Bureau of Economic Research
- Joseph E. Stiglitz (1943– ). )
- Column archives at Project Syndicate
- Appearances on C-SPAN
- Joseph Stiglitz on Charlie Rose
- Joseph Stiglitz at IMDb
- Template:Worldcat id
- Joseph Stiglitz collected news and commentary at The New York Times
- Of the 1%, by the 1%, for the 1%, Joseph E. Stiglitz, Vanity Fair, May 2011
- Library of Economics and Liberty.