Home > Joseph E. Stiglitz
Joseph Stiglitz (born February 9, 1943) is an American economist, author and winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel ( 2001). He is probably the most famous contemporary left-leaning economist.1 Early life
Stiglitz was born in Gary, Indiana, to Charlotte and Nathaniel Stiglitz. From 1960 to 1963, he studied at Amherst College. He went to MIT for his fourth year as an undergraduate and later to pursue graduate work. From 1965 to 1966, he studied at Cambridge University after receiving a Fulbright Fellowship. In subsequent years, he taught at MIT and Yale.
2 Professional life
Stiglitz currently teaches at the Graduate School of Business at Columbia University and is editor of The Economists' Voice journal with Bradford DeLong and Aaron Edlin. He is a member of the Board of Advisors of the Oxford Council on Good Governance.
In addition to making numerous influential contributions to microeconomicsMicroeconomics is the study of the economic behaviour of individual consumers, firms, and industries and the distribution of production and income among them. It considers individuals both as suppliers of labour and capital and as the ultimate consumers o, Stiglitz has played number of policy roles. He served in the Clinton AdministrationWilliam Jefferson Clinton (born William Jefferson Blythe III on August 19, 1946) is a U. politician who served two terms as the 42nd President of the United States from 1993 to 2001. A moderate Democrat who was elected Governor of Arkansas five times, Cli as the chair of the President's Council of Economic Advisors ( 19951995 was a common year starting on Sunday (see link for calendar). It has a Golden number of 1, and was the first year of the International Decade of the World's Indigenous People (1995- 2005): http://www. org/culture/indigenous . Events January events Ja – 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t). At the World BankThe International Bank for Reconstruction and Development (IBRD, in Romance languages BIRD), better known as the World Bank is an international organization created to fight poverty by means of financing states. Its operation is maintained through payment, he served as Senior Vice President and Chief Economist ( 19971997 was a common year starting on Wednesday (see link for calendar), and was designated the International Year of the Reef''. Events January January 3 NBC's Today Show Bryant Gumbel signs off for the last time January 8 Mister Rogers receives a star on t – 2000This page is about the year 2000. See 2000 AD for the UK comic book, Number 2000 for other uses. 2000 is a leap year starting on Saturday (see link for calendar), and also the International Year for a Culture of Peace''. Events Y2K passes without the seri), before he was forced out by Treasury Secretary Lawrence SummersLawrence Henry Summers (born November 30, 1954) is an American economist, politician, and academic. He is the current and 27th President of Harvard University. Born in New Haven, Connecticut, Summers is the son of two economists, as well as the nephew of.
Stiglitz' most famous research was on screening , a technique used by one economic agent to extract otherwise private information from another. It was for this contribution to the theory of information asymmetries that he shared the Nobel prize with
George A. Akerlof and A. Michael Spence.
Along with his technical economic publications, Stiglitz is the author of Whither Socialism , a nonmathematical book providing an introduction to the theories behind economic socialism's failure in Eastern Europe, the role of imperfect information in markets, and misconceptions about how truly "free market" our free market capitalist system operates. In 2002, he wrote Globalization and Its Discontents, where he asserts that the International Monetary Fund puts the interest of "its largest shareholder," the United States, above those of the poorer nations it was designed to serve. Stiglitz offers some reasons why globalization has engendered the hostility of protesters, such as those at Seattle and Genoa.
