| Joseph E. Stiglitz |
Article Index for Joseph E |
Website Links For Joseph |
Information AboutJoseph E. Stiglitz |
|
Joseph Stiglitz (born February 9 , 1943 ) is an American Economist . He is a recipient of the John Bates Clark Medal ( 1979 ) and the Bank Of Sweden Prize In Economic Sciences In Memory Of Alfred Nobel ( 2001 ). Former Senior Vice President and Chief Economist of the World Bank , he is famous for his critical view of Globalization and international institutions like the International Monetary Fund or the World Bank . In 2000 Stiglitz founded the Initiative For Policy Dialogue (IPD), a think tank on international development based at Columbia University. He is currently teaching at Columbia University and advising the University of Manchester's World Poverty Insitute. BIOGRAPHY Stiglitz was born in Gary , Indiana , to Charlotte and Nathaniel Stiglitz. From 1960 to 1963, he studied at Amherst College , where he was a highly active member of the debate team. He went to the Massachusetts Institute Of Technology (MIT) for his fourth year as an undergraduate, where he later pursued graduate work. From 1965 to 1966, he moved to Chicago to do research under Hirofumi Uzawa who had received a NSF grant. He studied for his PhD from MIT from 1966 to 1967, during which time he also held an MIT assistant professorship. From 1969 to 1970, he was a Fulbright research fellow at the University Of Cambridge . In subsequent years, he held professorships at Yale University , Stanford University , Oxford University and Princeton University . 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. Bradford DeLong and Aaron Edlin . In addition to making numerous influential contributions to Microeconomics , Stiglitz has played a number of policy roles. He served in the Clinton Administration as the chair of the President's Council Of Economic Advisors ( 1995 – 1997 ). At the World Bank , he served as Senior Vice President and Chief Economist ( 1997 – 2000 ), in the time when unprecedented protest against international economic organizations started, most prominently with the Seattle WTO Meeting Of 1999 . Stiglitz always had a poor relationship with Treasury Secretary Lawrence Summers . In 2000 Summers successfully petitioned for Stiglitz's removal, in exchange for World Bank President James Wolfensohn 's re-appointment. Stiglitz promptly resigned before this could take place. In July 2000 Stiglitz founded the Initiative For Policy Dialogue ( IPD ) to help developing countries explore policy alternatives, and enable wider civic participation in economic policymaking. 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 non-mathematical 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" the free market capitalist system is. 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. This book sold over a million copies worldwide and was translated into more than 30 languages. In 2003, Stiglitz published ''The Roaring Nineties'', his analysis of the boom and bust of the 1990s. In 2004 he published "New Paradigm for Monetary Economics" (Cambridge University Press) and in 2005, Oxford University Press published his book "Fair Trade for All." Norton and Penguin will bring out "Making Globalization Work" in September, 2006. PERSONAL INFORMATION Stiglitz's first two marriages ended in divorce. He was married for the third time on October 28 , 2004 , to Anya Schiffrin , who works at the School of International and Public Affairs at Columbia University. PUBLICATIONS
Online access to his published papers at his own website EXTERNAL LINKS
Video lectures
|
|
|