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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.
Globalization and Its Discontents is a book published in 2002 by the 2001 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 as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank from
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 ...
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.).
The Three Trillion Dollar War is a 2008 book by Nobel Prize laureate Joseph Stiglitz and Harvard Professor Linda Bilmes, both of whom are American economists.The book is based on a paper they presented in January 2006 titled The Economic Costs of the Iraq War: An Appraisal Three Years After the Beginning of the Conflict.
Senator Bernie Sanders of Vermont put forward legislation in the United States Senate in 2005 and 2007 under H.R. 417 and S.2210. [4] Sanders has been a longtime proponent of Stiglitz’ ideas, and favors a system of incentives for innovation in medicine and pharmaceuticals over a system of patents, which he asserts grant company monopolies on drugs and drive up pharmaceutical prices.
According to Stiglitz, this was the first step in a widespread recognition that globalization was all “too good to be true.” Along with globalization comes myriad concerns and problems, says Stiglitz. The first concern being that the rules governing globalization favors developed countries, while the developing countries sink even lower.