Joseph Stiglitz

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Full name: Joseph Eugene Stiglitz

Area of interest: Macroeconomics and politics

Journals/Organisation: Financial Times | The Guardian


Personal website:






About: American economist, author, and a professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences (2001)


Career: see biography

Current position/role: Professor at Columbia business school and economics commentator

Other roles/Main role:

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


Viewpoints/Insight: see contributions to economics

Broadcast media:


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

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


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

Books & Debate:

see Wikipedia books

  • 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
Joseph E Stiglitz The Three Trillion Dollar War.jpg
  • 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: 2017

Articles: 2013

Articles: 2012

Articles: 2011

Articles: 2010

Articles: 2009

  • Too big to succeed - Too-big-to-fail institutions skew the financial sector and make another crisis more likely – their activities must be reined in - The Guardian, 14th December 2009
  • A 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 - The Guardian, 29th October 2009 (with George Akerlof)
  • Borlaug and the bankers - Perhaps one of the worst effects of financial greed was to deprive the world of more people like Norman Borlaug - The Guardian, 12th October 2009
  • For 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 - The Guardian, 15th September 2009
  • The great GDP swindle - Chasing GDP growth results in lower living standards. Better indicators are needed to capture well-being and sustainability - The Guardian, 14th September 2009
  • Towards 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
  • The great GDP swindle - Chasing GDP growth results in lower living standards. Better indicators are needed to capture well-being and sustainability - The Guardian, 14th September 2009
  • One small step forward - An agreement by all 192 UN states on the financial crisis acknowledges our global interdependence - The Guardian, 29th June 2009
  • America's 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 - The Guardian, 13th June 2009
  • Green shoots? Don't speak too soon - In spite of some spring sprouts in the US economy, we should prepare for another dark winter - The Guardian, 11th May 2009
  • A 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 - The Guardian, 12th April 2009
  • Reform 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 - The Guardian, 27th March 2009
  • How to fail to recover the economy - America provides important lessons to countries around the world facing increasing problems with their banks - The Guardian, 8th March 2009
  • Obama’s 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 - Financial Times, 3rd March, with Nicholas Stern
  • Fear and loathing in Davos - At the World Economic Forum, as business leaders shared their experiences, one could almost feel the clouds darkening - The Guardian, 6th February 2009
  • Do 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 - Financial Times, 15th January 2009

Articles: 2008

  • Chapter 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
  • Financial 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 - Daily Telegraph, 11th November 2008
  • Paulson tries again - Unlike the UK plan, the revamped American bail-out puts banks first and taxpayers second - The Guardian, 16th October 2008
  • Good day for democracy - Now Congress must draw up a proposal in which costs are borne by those who created the problem - The Guardian, 1st October 2008
  • The fruit of hypocrisy - Dishonesty in the finance sector dragged us here, and Washington looks ill-equipped to guide us out - The Guardian, 16th September 2008
  • Fannie 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 - The Guardian, 25th July 2008
  • A 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? - The Guardian, 8th April 2008

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