Joseph Stiglitz



Profile:


Full name: Joseph Eugene Stiglitz

Area of interest: Macroeconomics and politics

Journals: The Daily Telegraph, The Guardian and Financial Times

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Website: Joseph E. Stiglitz

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Current position/role: occasional columnist


 * also writes/has written for: Cif America, The Guardian; New Statesman. Monthly column for Project Syndicate

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Other activities: Economist and professor at Columbia University. Formerly Chairman of the Council of Economic Advisers in the Clinton Administration. Senior Vice President and Chief Economist at the World Bank, 1997-2000

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Controversy/Criticism: Fired by the World Bank for expressing dissent with its policies (see: globalizer who came in from the cold'' by Greg Palast

Awards/Honours: jointly awarded the Nobel Laureate in Economics in 2001

Scoops:

Other: Lead author for the Intergovernmental Panel on Climate Change. Former adviser to American President Barack Obama.



Books & Debate:

 * The three trillion dollar war: the true cost of the Iraq conflict OCLC181139407, with Linda Bilmes, 2008. Reviewed by Sam Leith in The Telegraph here
 * Making globalization work OCLC70219850, 2006
 * The roaring nineties: a new history of the world's most prosperous decade OCLC52714583, 2003
 * Globalization and its discontents OCLC49226144, 2002

Latest work: Freefall: free markets and the sinking of the global economy OCLC 458734148, January 2010. Reviewed by David Smith in The Sunday Times here

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Articles:

 * to austerity'' - It's possible to cut the US deficit in a growth-friendly way that reduces inequality. But certain powerful groups won't like it - 6th December 2010
 * and banks' debt to society'' - Rewritten bankruptcy provisions reduce indebted homeowners to servitude. What has become of the rule of law in the US? - 6th November 2010
 * currency war has no winners'' - For the global economy to revive, countries need to co-operate rather than devalue their currencies - 2nd November 2010
 * choose austerity is to bet it all on the confidence fairy'' - The mystical belief is that a smaller deficit will lead to an investment boom. What Britain really needs now is another stimulus - 20th October 2010
 * is folly to place all our trust in the Fed'' - Beware the potential costs of quantitative easing - 19th October 2010
 * wrong way for the Fed to go about regaining face'' - Quantitative easing may seem an answer to the US's problems, but any benefits would likely be offset by the costs - 7th October 2010
 * better way to fix the US housing crisis'' - Government policies to prop up the housing market not only have failed to fix the problem, they are prolonging the agony - 10th September 2010
 * a new economic paradigm'' - Like Ptolemaic attempts to preserve earth-centric cosmologies, there will be heroic efforts to refine the standard model - 20th August 2010
 * conservatism may be good for one nation, but threatens collective disaster'' - What is unambiguously clear about the European economies, including that of the UK, is that if they all decide to cut their borrowing, slash spending and raise taxes, and do so at the same time, growth will be lower than it otherwise would have been - 15th June 2010
 * the euro or bin it'' - The Greek crisis puts the currency's very survival at risk. Europe must now take long overdue action - 6th May 2010
 * trade war with China isn't worth it'' - Although a battle is ongoing over exchange rates, the US would be ill-advised to return to protectionist measures - 8th April 2010
 * of deficit-cut fetishism'' - Reducing government spending, especially in harder-hit economies like the UK, is a risk not worth taking at this point - 8th March 2010
 * need not bark together'' - Global agreement on financial rules can wait - 10th February 2010
 * muddled solutions'' - The president is trying to please everyone, but he needs to take tough action to prevent the US economy's second freefall - 7th February 2010
 * principled Europe would not leave Greece to bleed'' - Unless it is one rule for the big and powerful and another for the small, the EU must stand behind Athens' new leadership - 26th January 2010
 * big to succeed'' - Too-big-to-fail institutions skew the financial sector and make another crisis more likely – their activities must be reined in - 14th December 2009
 * new economics in an imperfect world'' - A flurry of alternative theories is helping to create a more robust portfolio of ideas on which regulators and politicians can draw - 29th October 2009 (with George Akerlof)
 * and the bankers'' - Perhaps one of the worst effects of financial greed was to deprive the world of more people like Norman Borlaug - 12th October 2009
 * all Obama's talk of overhaul, the US has failed to wind in Wall Street'' - With a blank cheque from taxpayers and no real reform the perverse incentives for risk-taking are bigger than ever - 15th September 2009
 * great GDP swindle'' - Chasing GDP growth results in lower living standards. Better indicators are needed to capture well-being and sustainability - 14th September 2009
 * a better measure of well-being'' - GDP will continue to be used as a measure of market activity, but when it comes to measuring societal welfare, we will have to look to other metrics - 14th September 2009
 * great GDP swindle'' - Chasing GDP growth results in lower living standards. Better indicators are needed to capture well-being and sustainability - 14th September 2009
 * small step forward'' - An agreement by all 192 UN states on the financial crisis acknowledges our global interdependence - 29th June 2009
 * socialism for the rich'' - The US has a huge corporate safety net, allowing the banks to gamble with impunity, but offers little to struggling individuals - 13th June 2009
 * shoots? Don't speak too soon'' - In spite of some spring sprouts in the US economy, we should prepare for another dark winter - 11th May 2009
 * global crisis requires global solutions'' - Developing countries, through little fault of their own, are feeling the impact of the economic crisis – developed nations must help - 12th April 2009
 * is needed. Reform is in the air. We can't afford to fail'' - The task is to build a new financial architecture. If we flunk it, the pain will strike most cruelly in the world's poorest countries - 27th March 2009
 * to fail to recover the economy'' - America provides important lessons to countries around the world facing increasing problems with their banks - 8th March 2009
 * chance to lead the green recovery'' - As the world moves to a low-carbon economy, there will be a competitive advantage for those who embrace these technologies - 3rd March, with Nicholas Stern
 * and loathing in Davos'' - At the World Economic Forum, as business leaders shared their experiences, one could almost feel the clouds darkening - 6th February 2009
 * not squander America's stimulus on tax cuts'' - As news of the US economy worsens, worries about whether a stimulus could restart the economy are growing - 15th January 2009
 * 11 is the right road for America's carmakers'' - The debate about whether or not to bail out the Big Three carmakers has been mischaracterised, it has been described as a package to help the undeserving dinosaurs of Detroit. In fact, a plan to bail out the carmakers would benefit shareholders and bondholders as much as anybody else. These are not the people that need help right now. In fact they contributed to the problem - 12th December 2008
 * crisis: Europe's leaders can seize this opportunity to fill the leadership gap'' - America's sub-prime mortgage crisis has translated into a global financial crisis, embracing developed and developing countries. The leaders of the G-20 meet next weekend in Washington to figure out where to go from here - 11th November 2008
 * tries again'' - Unlike the UK plan, the revamped American bail-out puts banks first and taxpayers second - 16th October 2008
 * day for democracy'' - Now Congress must draw up a proposal in which costs are borne by those who created the problem - 1st October 2008
 * fruit of hypocrisy'' - Dishonesty in the finance sector dragged us here, and Washington looks ill-equipped to guide us out - 16th September 2008
 * andFreddie must not get a free lunch'' - The proposed bail-out of Fannie Mae and Freddie Mac entails the socialisation of risk - with all the adverse implications for moral hazard - from an administration supposedly committed to the free market - 25th July 2008
 * leadership deficit lies at the heart of the financial storm'' - The greatest onus is on the US, where the global gloom began. But can we trust those who got it so wrong to put things right? - 8th April 2008



Latest news & updates:

 * Lesson of credit crunch hasn't been learned - Economist Joseph Stiglitz was euphoric at the response to the credit crunch – but he believes the plans have been derailed, The Friday Interview. By Larry Elliott, The Guardian, 12th February 2010
 * The Money Man: Super-economist Joseph Stiglitz on how to fix the recession - A Nobel Laureate and former senior advisor to Bill Clinton, Joseph Stiglitz is the biggest brain in economics – and he predicted the slump years ago. In an exclusive interview, he talks to Sean O'Grady about 'crazy' capitalism, Britain's chances of recovery and why the banks must be punished, The Independent, 9th February 2010



Links:

 * Wikipedia bio