"Stiglitz" redirects here. For other uses, see Stiglitz (disambiguation).
Not to be confused with Joseph Stillitz.
Joseph Stiglitz
Stiglitz in 2019
Chief Economist of the World Bank
In office February 1997 – February 2000
President
James Wolfensohn
Preceded by
Michael Bruno
Succeeded by
Nicholas Stern
17th Chair of the Council of Economic Advisers
In office June 28, 1995 – February 10, 1997
President
Bill Clinton
Preceded by
Laura Tyson
Succeeded by
Janet Yellen
Personal details
Born
Joseph Eugene Stiglitz
(1943-02-09) February 9, 1943 (age 81) Gary, Indiana, U.S.
Political party
Democratic
Spouse(s)
Jane Hannaway (div.)
Anya Schiffrin
(m. 2004)
Education
Amherst College (BA) Massachusetts Institute of Technology (MA, PhD)
Academic career
Field
Macroeconomics, public economics, information economics
School or tradition
Neo-Keynesian economics
Doctoral advisor
Robert Solow[1]
Doctoral students
Katrin Eggenberger
Influences
John Maynard Keynes, Robert Solow, James Mirrlees, Henry George
Contributions
Screening
Taxation
Unemployment
Market failure
Information asymmetry
Economic inequality
Information at IDEAS / RePEc
Academic background
Thesis
Studies in the theory of growth and income distribution (1967)
Joseph Eugene Stiglitz (/ˈstɪɡlɪts/; born February 9, 1943) is an American New Keynesian economist,[2] a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001)[3] and the John Bates Clark Medal (1979).[4] He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the (US president's) Council of Economic Advisers.[5][6] He is known for his support for the Georgist public finance theory[7][8][9] and for his critical view of the management of globalization, of laissez-faire economists (whom he calls "free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.
In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001, and received the university's highest academic rank (university professor) in 2003. He was the founding chair of the university's Committee on Global Thought. He also chairs the University of Manchester's Brooks World Poverty Institute. He was a member of the Pontifical Academy of Social Sciences. In 2009, the President of the United Nations General Assembly Miguel d'Escoto Brockmann, appointed Stiglitz as the chairman of the U.N. Commission on Reforms of the International Monetary and Financial System, where he oversaw suggested proposals and commissioned a report on reforming the international monetary and financial system.[10] He served as the chair of the international Commission on the Measurement of Economic Performance and Social Progress, appointed by the French President Sarkozy, which issued its report in 2010, Mismeasuring our Lives: Why GDP doesn't add up,[11] and currently serves as co-chair of its successor, the High Level Expert Group on the Measurement of Economic Performance and Social Progress. From 2011 to 2014, Stiglitz was the president of the International Economic Association (IEA).[12] He presided over the organization of the IEA triennial world congress held near the Dead Sea in Jordan in June 2014.[13]
In 2011, Stiglitz was named as one of the 100 most influential people in the world[14] by the Time magazine. Stiglitz's work focuses on income distribution from a Georgist perspective, asset risk management, corporate governance, and international trade. He is the author of several books, the latest being People, Power, and Profits (2019), 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), Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity (2015), and Creating a Learning Society: A New Approach to Growth Development and Social Progress (2014).[15] He is also one of the 25 leading figures on the Information and Democracy Commission launched by Reporters Without Borders.[16] According to the Open Syllabus Project, Stiglitz is the fifth most frequently cited author on college syllabi for economics courses.[17]
^Stiglitz, Joseph E. (1966). Studies in the Theory of Economic Growth and Income Distribution(PDF) (Ph.D.). MIT. p. 4. Retrieved 8 November 2016.
^Free, Rhona C. (14 May 2010). 21st Century Economics: A Reference Handbook. SAGE Publications. p. 317. ISBN 978-1-4522-6631-2.
^"Joseph E. Stiglitz, Biographical. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". NobelPrize.org. 2002. Retrieved 2021-05-05.
^"Joseph Stiglitz, Clark Medalist 1979". American Economic Association. 2021. Retrieved 2021-05-05.
^"Former Chief Economists". worldbank.org. World Bank. Archived from the original on 2017-11-04. Retrieved 2012-11-27.
^"Former Members of the Council". whitehouse.gov. Archived from the original on 2017-01-21 – via National Archives.
^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.
^Stiglitz, Joseph E.; Sen, Amartya; Fitoussi, Jean-Paul (2010-05-18). Mismeasuring Our Lives: Why GDP Doesn't Add Up. The New Press. ISBN 9781595585196.
^"The International Economics Association". International Economics Association. October 14, 2013.
^"IEA World Congress 2014". International Economics Association. October 14, 2013. Archived from the original on October 17, 2013.
^Brown, Gordon (April 21, 2011). "The 2011 TIME 100". time.com. Archived from the original on April 25, 2011.
^Taylor, Ihsan. "Best Sellers – The New York Times". The New York Times. Retrieved October 29, 2013.
^"Joseph E. Stiglitz". Information and Democracy Commission, Reporters Without Borders. 2018-09-09. Retrieved 2021-05-05.
^"Open Syllabus Project". Archived from the original on 2020-02-10. Retrieved 2021-02-12.
Joseph Eugene Stiglitz (/ˈstɪɡlɪts/; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia...
students. Her former professor and Nobel Prize in Economics laureate, JosephStiglitz, has called her one of his brightest and most memorable students. She...
Nobel laureate Joseph E. Stiglitz. The title is a reference to Freud's Civilization and Its Discontents. The book draws on Stiglitz's personal experience...
Rising StiglitzJoseph E. "Of the 1%, by the 1%, for the 1%". Vanity Fair, May 2011; see also the Democracy Now! interview with JosephStiglitz: "Assault...
www.imf.org. Retrieved 15 March 2018. Stiglitz, Joseph (5 May 2010). "Reform the euro or bin it by JosephStiglitz". www.theguardian.com. Lowenstein, Roger...
Crisis is a book on economics written by Nobel Laureate economist JosephStiglitz, documenting the necessary changes and reforms of the international...
How Today's Divided Society Endangers Our Future is a 2012 book by JosephStiglitz that deals with income inequality in the United States. He attacks...
another Nobel Prize in 2001 to George Akerlof, Michael Spence, and Joseph E. Stiglitz for their "analyses of markets with asymmetric information". The 2007...
to all major stakeholders. It is being advocated by Ro Khanna and JosephStiglitz. Capitalism incorporates the principles of private property, capital...
Economists from Adam Smith and David Ricardo, to Milton Friedman and JosephStiglitz, have observed that a public levy on land value does not cause economic...
Memorial Prize in Economic Sciences, jointly with Michael Spence and JosephStiglitz, "for their analyses of markets with asymmetric information." Akerlof...
on October 29, 2004, to Nobel Prize-winning economist and author Joseph E. Stiglitz, who also teaches at Columbia University in New York City. In 2011...
natural resources were high on the public agenda, economists like JosephStiglitz and Robert Solow introduced non-renewable resources into neoclassical...
CES utility function like that in a 1977 paper by Avinash Dixit and JosephStiglitz. Many models of international trade now follow Krugman's lead, incorporating...
Medal of Freedom in 2014. Four of his PhD students, George Akerlof, JosephStiglitz, Peter Diamond, and William Nordhaus, later received Nobel Memorial...
judiciary tribunal and a high-level commission led by Nobel Prize Laureate JosephStiglitz. There were accusations that foreign forces were attacking Panama because...
$5.50 a day likely increased by 500 million. According to economist JosephStiglitz, the pandemic's "most significant outcome" will be rising economic...
only lemons behind. In 2001, Akerlof, along with Michael Spence, and JosephStiglitz, jointly received the Nobel Memorial Prize in Economic Sciences, for...
order, but serving the interests of the rich". According to economist JosephStiglitz, there has been a severe increase in the market power of corporations...
response to what was happening both within and outside the region." JosephStiglitz has written that "the Washington Consensus policies were designed to...
Making Globalization Work is a book written by Nobel Prize laureate Joseph E. Stiglitz, who also wrote Globalization and Its Discontents and several other...
the midst of a recession, policies criticized by Paul Krugman and JosephStiglitz. According to the book The Chastening, by Paul Blustein, during this...