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| | The New York Review of Books: Globalization: Stiglitz's Case |
 | | Stiglitz charges that the IMF has reverted to Herbert Hoover's economics in imposing these policies on countries during deep recessions, when the deficit is mostly the result of an induced decline in revenues; he argues that cuts in spending or tax hikes only make the downturn worse. | | | Stiglitz also thinks it is no coincidence that food subsidies and other ways of cushioning the hardships suffered by the poor are among the first programs that the IMF tells countries to cut when they need to balance their budgets. | | | Stiglitz argues that many of these countries do not yet have financial systems capable of handling such transactions, or regulatory systems capable of preventing harmful behavior once the firms are privatized, or systems of corporate governance capable of monitoring the new managements. |
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http://www.nybooks.com/articles/15630
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| | Salon Feature Silencing Joseph Stiglitz |
| | In Ethiopia, Stiglitz said, the IMF would not allow the government to count foreign aid as revenue in calculating whether the budget was balanced. | | | Stiglitz compared it to President Herbert Hoover's insistence on balancing the budget as the Depression swept across the country. | | | Stiglitz applauds the demonstrators' calls for greater citizen and worker involvement in global economic decisions. |
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http://www.salon.com/news/feature/2000/05/02/stiglitz/print.html
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| | Joseph Stiglitz - Social and Economic Policy - Global Policy Forum |
| | Joseph Stiglitz accused IMF former managing director Michel Camdessus of saying that for a people to recover economically, “they must suffer.” Camdessus virulently denies the allegation, arguing that countries in financial crisis require strict adjustments to stabilize their economies, but “suffering” should not be a requirement. | | | Joseph Stiglitz proposes a number of issues that the World Bank and the IMF should consider during their September meetings to avoid a global financial crisis. | | | Joseph Stiglitz accuses the IMF of distorting developing countries’ budget estimates with Enron-style accounting “shenanigans,” leading countries to pursue unnecessarily harsh austerity policies. |
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http://www.globalpolicy.org/socecon/bwi-wto/wbank/stigindx.htm
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| | Columbia News ::: Joseph Stiglitz Wins Nobel Prize for Economics: Third Economist to Win Prize in Six Years |
| | Stiglitz commented on the tax cut advocated by the Bush Administration and passed by Congress earlier this year, saying that it was not intended to boost the economy, but, rather, to limit the federal government's discretionary spending. | | | The Academy noted that Stiglitz "clarified the opposite type of market adjustment, where poorly informed agents extract information from the better informed, such as the screening performed by insurance companies dividing customers into risk classes by offering a menu of contracts where higher deductibles can be exchanged for significantly lower premiums. | | | Instead, Stiglitz advocated an investment tax credit, arguing "it will be necessary for the long-term run of the economy." |
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http://www.columbia.edu/cu/news/01/10/josephStiglitz_nobel_2001.html
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| | AlterNet: The Globalizer Who Came in from the Cold |
| | Stiglitz notes that the IMF and World Bank are not heartless adherents of market economics. | | | Stiglitz's greatest concern is that World Bank plans, devised in secrecy and driven by an absolutist ideology, are never open for discourse or dissent. | | | Most ill-making for Stiglitz is that the US-backed oligarchs stripped Russia's industrial assets, with the effect that the corruption scheme cut national output nearly in half, causing depression and starvation. |
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http://www.alternet.org/story.html?StoryID=12652
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| | Amazon.com: Books: The Roaring Nineties: A New History of the World's Most Prosperous Decade |
| | Stiglitz sees the 1990s as a brilliant economic success, but also a period in which faulty accounting, conflicts of interest, and botched deregulation schemes inflated a bubble that, when it burst, gave rise to the 2001 recession. | | | Stiglitz' premise: the reason why corporate pension trust funds are underfunded is because unrealistic, overly optimistic assumptions were made about future returns on investment; namely, it was assumed that investments would return 9-10% instead of 4-5%. | | | Stiglitz regrets what is arguably the shining achievement of the Clinton Administration, namely, its success in balancing the U.S. budget. |
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http://www.amazon.com/exec/obidos/tg/detail/-/0393058522?v=glance
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| | Joseph E. Stiglitz - Autobiography |
| | Stiglitz, 1991, 1997a.) One of the main questions with which I was concerned was how to redistribute income in a way as to minimize the loss in efficiency that is inevitably associated with tax distortions. | | | (Stiglitz, 2001c.) Another major area of research involves the continuing analysis of the appropriate role of the state in the economy; in particular, how to design policies which combine concerns for economic efficiency, social justice, individual responsibility, and liberal values. | | | (See Stiglitz, 1983a.) Though a variety of provisions of the tax code have been introduced to try to circumscribe such tax avoidance behavior, they are imperfect. |
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http://www.nobel.se/economics/laureates/2001/stiglitz-autobio.html
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| | The Phoenix Online - Economist rails against Bush economic policy in speech |
| | Furthermore, Stiglitz noted that the United States was contributing to “enormous global financial instability” by borrowing nearly $1.5 billion a day from various global markets. | | | In fact, according to Stiglitz, no economist would believe that the Bush tax cuts were designed to spur on the staggering United States economy. | | | Explaining the need for investing in research and development, Stilglitz noted how Bush’s tax cut did not provide for any long-term investments that would stimulate the economy in the future. |
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http://phoenix.swarthmore.edu/2004-10-07/news/14301
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| | Amherst College: News & Events: News Releases : Joseph E. Stiglitz |
| | Stiglitz is a leading scholar of the economics of the public sector. | | | He helped revive interest in the economics of technical change and other factors that contribute to long-run increases in productivity and living standards. | | | Without good information, for instance, foreign investors will not invest in a developing nation, no matter how high it sets its interest rates. |
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http://www.amherst.edu/~pubaff/news/news_releases/01/stiglitz.html
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| | Salon.com Technology The new gilded age and its discontents |
| | Salon sat down with Stiglitz in New York and discussed accounting trickery, why government is necessary and the present state of the world economy. | | | Consider, for example, his theory of "asymmetric information." Stiglitz spent years demonstrating that one party in a transaction -- say, the owner of a factory -- often possesses more information than the other about that transaction, and thus has an advantage that allows for market inefficiencies, and potentially, human suffering. | | | Nobel Prize-winning economist Joseph Stiglitz talks about the corporate looting spree and Bush's woeful mismanagement of the economy. |
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http://www.salon.com/tech/feature/2002/07/03/stiglitz
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| | Amazon.co.uk: Books: Globalization and Its Discontents |
| | Within the Fund's primary focus for macro-economics, Stiglitz argues, "market fundamentalism" has been the economic philosophy of choice with the result that financial institutions and international lenders have usually been the primary winners from each of the major financial crises. | | | Stiglitz is a supporter of well managed globalisation and optimistic that this can be achieved. | | | With this clear and balanced book, Stiglitz has contributed significantly to the debate on this important topic. |
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http://www.amazon.co.uk/exec/obidos/ASIN/014101038X
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| | Joseph Stiglitz -- A Dangerous Man, A World Bank Insider Who Defected |
| | Stiglitz went home and had one of his World Bank researchers run a study; it turns out that foreign aid is actually a more stable revenue source than tax receipts for poor countries. | | | What Stiglitz would like to see is better management of globalization, management that spreads the wealth. | | | The Clinton administration was preparing for trade negotiations with its Asian ally and wanted to urge "capital market liberalization" -- that is, allowing Korean banks and corporations to borrow more easily from foreign lenders. |
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http://www.commondreams.org/views/101100-101.htm
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| | FT Columnist Martim Wolf discusses the flaws in Joseph Stiglitz's new book, 'Globalisation and its discontents' |
| | Mr Stiglitz makes some cogent points One is that the capital account liberalisation that has occurred over the past two decades has interacted with mistaken exchange rate regimes and weak financial systems to generate a series of catastrophes. | | | Equally, Mr Stiglitz is right that there has been systematic underestimation of the role of institutions in promoting capital account liberalisation or transition from communism. | | | His preferred solution would have been a standstill on debt service, controls on capital flight and swift restructuring of private sector indebtedness. |
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http://www.jubilee2000uk.org/opinion/wolf100702.htm
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| | The Prize in Economic Sciences 2001 - Press Release |
| | Joseph Stiglitz clarified the opposite type of market adjustment, where poorly informed agents extract information from the better informed, such as the screening performed by insurance companies dividing customers into risk classes by offering a menu of contracts where higher deductibles can be exchanged for significantly lower premiums. | | | While his own research emphasized education as a productivity signal in job markets, subsequent research has suggested many other applications, e.g., how firms may use dividends to signal their profitability to agents in the stock market. | | | In a number of contributions about different markets, Stiglitz has shown that asymmetric information can provide the key to understanding many observed market phenomena, including unemployment and credit rationing. |
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http://www.nobel.se/economics/laureates/2001/press.html
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| | The Observer Special reports Mammon: Economist Joseph Stiglitz |
| | When Clinton planned to spend more on social plans and anti-poverty initiatives, the Fed Chairman stopped him in his tracks because he so favoured deficit reduction. | | | In 2001, however, he backed the tax cuts that led to the current huge deficits. | | | Greenspan should have opposed the capital gains tax cut, which meant people 'could make more money speculating in the market than working for a living'. |
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http://observer.guardian.co.uk/bush/story/0,8224,1061022,00.html
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| | Joseph Stiglitz |
| | Joseph E. Stiglitz is a Professor of Finance and Business at Columbia University. | | | Stiglitz's work has helped explain the circumstances in which markets do not work well, and how selective government intervention can improve their performance. | | | He has made major contributions to macro-economics and monetary theory, to development economics and trade theory, to public and corporate finance, to the theories of industrial organization and rural organization, and to the theories of welfare economics and of income and wealth distribution. |
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http://www.columbia.edu/cu/sipa/RESEARCH/bios/jes322.html
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| | Structural Adjustment — a Major Cause of Poverty - Global Issues |
| | It is impossible to ignore the sweeping critique, by the second most important man in the World Bank [Joseph Stiglitz], of policies still being imposed on poor countries as a condition of debt cancellation and aid. | | | While the previous link takes you to that article, the main points of that interview are summarized and quoted here, because it is a very nice and simple explanation of the types of things the IMF and World Bank have prescribed to various nations, and the effects of them. | | | However, as reported in the article, “according to insider Stiglitz, the Bank’s ‘investigation’ involves little more than close inspection of five-star hotels. |
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http://www.globalissues.org/TradeRelated/SAP.asp
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| | Rebel With a Cause |
| | At Columbia, he has launched an organization, the Initiative for Policy Dialogue, designed to furnish developing nations with alternative views on everything from trade policy to financial reform. | | | Asked once what developing countries should do with the annual reports the IMF prepares on member nations, Stiglitz recommended "picking it up, saying 'thank you very much' and dropping it straight in the garbage can." | | | How did an economist who until recently enjoyed the trust of the world's most powerful financial authorities come to sympathize with their most ardent critics? |
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http://www.thenation.com/doc/20020610/press
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| | Politics in the Name of Stimulus |
| | News: Nobel Prize-winning economist Joseph Stiglitz has serious concerns about the short-term effectiveness of the Bush administration's economic stimulus package -- and the long-term risks it may pose. | | | I think it's clear that we're in a recession. | | | Joseph Stiglitz, winner of the 2001 Nobel Prize in Economics, is the former chairman of the Council of Economic Advisers -- a three-member panel that provides the president with economic advice -- and former chief economist of the World Bank. |
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http://www.motherjones.com/web_exclusives/features/news/stiglitz.html
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| | Joseph Stiglitz |
| | "I argue that the failures of the reforms in Russia and most of the former Soviet Union are not just due to sound policies being poorly implemented...(but) to to a misunderstanding of the foundations of a market economy as well as misunderstanding of the basics of an institutional reform process." ---Joseph Stiglitz | | | He has spent much of his career making a case for global financial system reforms | | | Joseph E. Stiglitz was Chief Economist at the World Bank from 1996 until 1999, during which time he became quite critical of World Bank policy. |
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http://www.dickinson.edu/~mccartia/josephstiglitz.htm
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| | The Roaring Nineties - Joseph Stiglitz - Penguin UK |
| | Stiglitz takes us one step further, showing how a more balanced approach to the market and government can lead not only to a better economy, but a better society. | | | This is the explosive story of how capitalism US-style got its comeuppance: how excessive deregulation, government pandering to big business and exorbitant CEO salaries all fed the bubble that burst so dramatically amid corporate scandal and anti-globalization protest. | | | ‘Stiglitz’s dissection of the follies of the “Roaring Nineties” is as good as it gets’ |
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http://www.penguinbooks.co.uk/nf/Book/BookDisplay/0,,0_0141014318,00.html?sym=EXC
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| | Disinformation :: World Social Forum: Joseph Stiglitz |
| | Stiglitz speaks about the WSF (streaming video), the backlash against globalization (streaming video) and the process of reform at the International Monetary Fund (streaming video). | | | Stiglitz's books Globalization And Its Discontents (New York: W.W. Norton and Co., 2002) and The Roaring Nineties (New York: W.W. Norton and Co., 2003) feature analysis, insights and memoirs from an insider with the Clinton Administration and the World Bank. | | | Columbia University professor Joseph Stiglitz offers a blistering critique of unconstrained neoliberal globalization at the World Social Forum (WSF) in Mumbai, India. |
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http://www.disinfo.com/site/displayarticle1897.html
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| | Joseph E. Stiglitz |
| | "Stiglitz, Maverick World Bank Economist, Pushed Out", by Soren Ambrose at 50 Years Is Enough Network | | | Written Testimony for the Joint Economic Committee of Congress by J.E. Stiglitz, February 10th, 1997 | | | Remarks at Paris Ministerial on OECD's Future, by J.E. Stiglitz, May, 22, 1996. |
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http://cepa.newschool.edu/het/profiles/stiglitz.htm
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| | TAP: Vol 15, Iss. 2. That Was Then. Joseph E. Stiglitz. |
| | The cure will entail a far bolder program than just another bout of deficit reduction. | | | This article may not be resold, reprinted, or redistributed for compensation of any kind without prior written permission from the author. | | | Copyright © 2004 by The American Prospect, Inc. Preferred Citation: Joseph E. Stiglitz, "That Was Then," The American Prospect vol. |
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http://www.prospect.org/print/V15/2/stiglitz-j.html
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| | Joseph Stiglitz |
| | Nobel Laureate Joseph Stiglitz to Speak on "Economics and the Election" | | | Stiglitz helped create a new branch of economics, "the economics of information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. | | | He was a member of the Council of Economic Advisors (CEA) from 1993-95 during the Clinton administration and served as CEA chairman from 1995-97. |
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http://www.swarthmore.edu/news/releases/04/stiglitz.html
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| | JOSEPH E |
| | Dr. Stiglitz is also a leading scholar of the economics of the Public Sector. | | | JOSEPH E. Joseph E. Stiglitz is currently serving an appointment to the World Bank as Senior Vice President, Development Economics and Chief Economist. | | | In the late 1970s and early 1980s, Dr. Stiglitz helped revive interest in the economics of technical change and other factors that contribute to long-run increases in productivity and living standards. |
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http://www.puaf.umd.edu/OEP/SpkrBios/stiglitz.htm
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| | Joseph E. Stiglitz - Wikipedia, the free encyclopedia |
| | Stiglitz is currently a Professor at Columbia University, with appointments at the Business School, the Department of Economics and the School of International and Public Affairs (SIPA), and is editor of The Economists' Voice journal with J. | | | An Open Letter to Joseph Stiglitz, by Kenneth Rogoff, Economic Counsellor and Director of the Research Department, IMF | | | He is best known for his critical view of globalization and international institutions like the International Monetary Fund while holding the extremely influential positions as Senior Vice President and Chief Economist of the World Bank. |
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http://en.wikipedia.org/wiki/Joseph_Stiglitz
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| | Stiglitz interview |
| | Stiglitz, who shared the 2001 Nobel prize, is widely regarded as one of the leading economists of his generation. | | | It must be said that Stiglitz largely spares the World Bank from criticism, which requires overlooking their complicity in promoting structural adjustment along with financially burdensome and ecologically destructive megaprojects. | | | He writes about his experience in a recent book, Globalization and Its Discontents. |
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http://www.leftbusinessobserver.com/Stiglitz.html
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| | Joseph E. Stiglitz at IDEAS |
| | When you register or update your RePEc registration, you may identify the papers and articles you have authored. | | | This is information that was supplied by Joseph Stiglitz in registering through RePEc. | | | Arnott, Richard & Greenwald, Bruce & Stiglitz, Joseph E., 1994. |
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http://ideas.repec.org/e/pst33.html
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| | MENAFN - Middle East North Africa . Financial Network News: By Joseph Stiglitz |
| | Monopolists may have much less incentive to innovate than they would if they had to compete. | | | Modern research has shown that the great economist Joseph Schumpeter was wrong in thinking that competition in innovation leads to a succession of firms. | | | In fact, a monopolist, once established, may be hard to dislodge, as Microsoft has so amply demonstrated. |
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http://www.menafn.com/qn_news_story_s.asp?StoryId=103928
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| | Economic Justice News -- Contents |
| | In an interview published by the New York Times on December 2, Stiglitz said that "working from the inside was not leading to [timely] responses" and that he had decided that with policies "as misguided as I believe these policies were, you have to either speak out or resign." | | | On November 23, Joseph Stiglitz, the World Bank’s Chief Economist and an outspoken critic of the so-called "Washington Consensus," announced his resignation. | | | On Friday, October 15, a South Korean trade union became the first anywhere to sue the International Monetary Fund (IMF) for damages caused by the policies it imposes. |
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http://www.50years.org/ejn/v2n4/stiglitz.html
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| | Bretton Woods Project |
| | [1] Joseph Kahn, "Treasury Chief Accuses World Bank of Harming Poor Countries." | | | Rich country negotiators are taking for granted that the compromise they reach will be in the interest of the world's poorest people. |
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http://www.brettonwoodsproject.org/topic/reform/r27granted.htm
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| | Project Syndicate |
| | Joseph E. Stiglitz, a Nobel laureate in economics, is Professor of Economics at Columbia University and was Chairman of the Council of Economic Advisers to President Clinton and Chief Economist and Senior Vice President at the World Bank. | | | His most recent book is The Roaring Nineties: A New History of the World's Most Prosperous Decade. | | | Weekly Series: The World in Words Thought Leaders: Joseph S. Nye, Castañeda, Rocard, Haass, Ralf Dahrendorf, Jeffrey D. Sachs, Joseph E. Stiglitz, Robert J. Shiller, Sinn, Krauss, J. |
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http://www.project-syndicate.org/contributors/contributor_comm.php4?id=184
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| | Joseph Stiglitz - Homepage |
| | Co-founder and Executive Director of the Initiative for Policy Dialogue (IPD) | | | Click Here for New Works by Joseph E. Stiglitz |
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http://www.gsb.columbia.edu/faculty/jstiglitz
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