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As Joseph Stiglitz, the Columbia professor and Nobel laureate, touts his new book “The Road to Freedom: Economics and the Good Society,” he has a two-fold message: The American Dream is a myth ...
Nobel Prize-winning economist Joseph Stiglitz flagged major concerns for the economy under President Trump, claiming fluctuating policies put the nation at risk of stagflation. “It risks the ...
The U.S. move to freeze billions in financial aid boosts the need for New York State to alter a law in support of countries struggling to pay back debt, Nobel Prize laureate Joseph Stiglitz told ...
Joseph Eugene Stiglitz (/ ˈ s t ɪ ɡ l ɪ t s /; born February 9, 1943) is an American New Keynesian economist, [2] a public policy analyst, political activist, and a professor at Columbia University.
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.).
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.
In a newly released interview, Nobel Prize-winning economist Joseph Stiglitz disagreed with Trump's contention that the economy has lifted up working-class Americans.
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 ...