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Edsall added that "Stiglitz may prove most prescient when he warns of a society governed by 'rules of the game that weaken the bargaining strength of workers vis-à-vis capital.' [1] A review in The Economist was mainly positive, noting that "Stiglitz is (mostly) skilled at making his argument." However, the reviewer wrote, "Mr Stiglitz's ...
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 ...
The Great Divide (Hodson book), a 1994 book by H. V. Hodson; The Great Divide: The Conflict Between Washington and Jefferson That Defined America, Then and Now, a 2015 book by Thomas Fleming; The Great Divide: Unequal Societies and What We Can Do About Them, a 2015 book by Joseph Stiglitz
I recently sat down with Nobel Prize-winning economist Joseph Stiglitz in his office at Columbia Business School. In this clip, Stiglitz discusses how income inequality differences around the ...
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
Whither Socialism? is based on Stiglitz's Wicksell Lectures, presented at the Stockholm School of Economics in 1990 and presents a summary of the central themes of information economics and serves as a primer on the theory of markets with imperfect information and imperfect competition as well as being a critique of both free market and market socialist approaches (see Roemer critique, op. cit.).
Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
This new economic system is seen as the “Americanization” (Stiglitz, Page 9) of their policies as well as culture. This has caused quite a bit of resentment and financial damage. In addition to these concerns, Stiglitz highlights that individual persons and whole countries are being victimized by globalization.