Search results
Results From The WOW.Com Content Network
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 ...
He is the author of several books, the latest being The Road to Freedom (2024), 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 ...
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.).
Their findings place the United States as the most unequal and ranks poorly on social and health problems among developed countries. [175] The authors argue inequality creates psychosocial stress and status anxiety that lead to social ills. [176] A 2009 study attributed one in three deaths in the United States to high levels of inequality. [177]
Journalist Timothy Noah summarized the results of several studies his 2012 book The Great Divergence: Economists Piketty and Saez reported in 2007, that U.S. taxes on the rich had declined over the 1979–2004 period, contributing to increasing after-tax income inequality.
In societies with very rigid forms of the income distribution, this may easily lead to public protest, if not violence. Authorities are then faced with the option of reacting to protests with repression or reform. In societies with flexible tools of negotiation and bargaining on income, smoother mechanisms of adaptation may be available.
Download as PDF; Printable version; In other projects ... move to sidebar hide. Help. Pages in category "Books by Joseph Stiglitz" The following 7 pages are in this ...