Joseph Stiglitz

"Stiglitz" redirects here. For other uses, see Stiglitz (disambiguation).
Not to be confused with Joseph Stillitz.
Joseph Stiglitz
Stiglitz in 2019
Chief Economist of the World Bank
In office
February 1997 – February 2000
PresidentJames Wolfensohn
Preceded byMichael Bruno
Succeeded byNicholas Stern
17th Chair of the Council of Economic Advisers
In office
June 28, 1995 – February 10, 1997
PresidentBill Clinton
Preceded byLaura Tyson
Succeeded byJanet Yellen
Personal details
Born
Joseph Eugene Stiglitz

(1943-02-09) February 9, 1943 (age 81)
Gary, Indiana, U.S.
Political partyDemocratic
Spouses
  • Jane Hannaway
    ​
    ​
    (m. 1978, divorced)​
  • ​
    (m. 2004)​
EducationAmherst College (BA)
Massachusetts Institute of Technology (MA, PhD)
Academic career
FieldMacroeconomics, public economics, information economics
School or
tradition		Neo-Keynesian economics
Doctoral
advisor		Robert Solow[1]
Doctoral
students		Katrin Eggenberger
InfluencesJohn Maynard Keynes, Robert Solow, James Mirrlees, Henry George
Contributions
Information at IDEAS / RePEc
Academic background
ThesisStudies in the theory of growth and income distribution (1967)

Joseph Eugene Stiglitz (/ˈstɪɡlɪts/; born February 9, 1943) is an American New Keynesian economist,[2] a public policy analyst, political activist, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001)[3] and the John Bates Clark Medal (1979).[4] He is a former senior vice president and chief economist of the World Bank. He is also a former member and chairman of the US Council of Economic Advisers.[5][6] He is known for his support for the Georgist public finance theory[7][8][9] and for his critical view of the management of globalization, of laissez-faire economists (whom he calls "free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.

In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. He has been a member of the Columbia faculty since 2001 and received the university's highest academic rank (university professor) in 2003. He was the founding chair of the university's Committee on Global Thought. He also chairs the University of Manchester's Brooks World Poverty Institute. He was a member of the Pontifical Academy of Social Sciences. In 2009, the President of the United Nations General Assembly Miguel d'Escoto Brockmann, appointed Stiglitz as the chairman of the U.N. Commission on Reforms of the International Monetary and Financial System, where he oversaw suggested proposals and commissioned a report on reforming the international monetary and financial system.[10] He served as the chair of the international Commission on the Measurement of Economic Performance and Social Progress, appointed by the French President Sarkozy, which issued its report in 2010, Mismeasuring our Lives: Why GDP doesn't add up,[11] and currently serves as co-chair of its successor, the High Level Expert Group on the Measurement of Economic Performance and Social Progress. From 2011 to 2014, Stiglitz was the president of the International Economic Association (IEA).[12] He presided over the organization of the IEA triennial world congress held near the Dead Sea in Jordan in June 2014.[13]

In 2011, Stiglitz was named as one of the 100 most influential people in the world[14] by Time magazine. Stiglitz's work focuses on income distribution from a Georgist perspective, asset risk management, corporate governance, and international trade. 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 Prosperity (2015), and Creating a Learning Society: A New Approach to Growth Development and Social Progress (2014).[15] He is also one of the 25 leading figures on the Information and Democracy Commission launched by Reporters Without Borders.[16] According to the Open Syllabus Project, Stiglitz is the fifth most frequently cited author on college syllabi for economics courses.[17]

  1. ^ Stiglitz, Joseph E. (1966). Studies in the Theory of Economic Growth and Income Distribution (PDF) (Ph.D.). MIT. p. 4. Retrieved 8 November 2016.
  2. ^ Free, Rhona C. (14 May 2010). 21st Century Economics: A Reference Handbook. SAGE Publications. p. 317. ISBN 978-1-4522-6631-2.
  3. ^ "Joseph E. Stiglitz, Biographical. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001". NobelPrize.org. 2002. Retrieved 2021-05-05.
  4. ^ "Joseph Stiglitz, Clark Medalist 1979". American Economic Association. 2021. Retrieved 2021-05-05.
  5. ^ "Former Chief Economists". worldbank.org. World Bank. Archived from the original on 2017-11-04. Retrieved 2012-11-27.
  6. ^ "Former Members of the Council". whitehouse.gov. Archived from the original on 2017-01-21 – via National Archives.
  7. ^ Gochenour, Zachary, and Bryan Caplan. "An entrepreneurial critique of Georgism." The Review of Austrian Economics 26.4 (2013): 483–491.
  8. ^ Orszag, Peter (March 3, 2015). "To Fight Inequality, Tax Land". Bloomberg View. Retrieved 12 November 2016.
  9. ^ Lucas, Edward. "Land-value tax: Why Henry George had a point". The Economist. Retrieved 12 November 2016.
  10. ^ "The Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System". un.org. United Nations.
  11. ^ Stiglitz, Joseph E.; Sen, Amartya; Fitoussi, Jean-Paul (2010-05-18). Mismeasuring Our Lives: Why GDP Doesn't Add Up. The New Press. ISBN 9781595585196.
  12. ^ "The International Economics Association". International Economics Association. October 14, 2013.
  13. ^ "IEA World Congress 2014". International Economics Association. October 14, 2013. Archived from the original on October 17, 2013.
  14. ^ Brown, Gordon (April 21, 2011). "The 2011 TIME 100". Time. Archived from the original on April 25, 2011.
  15. ^ Taylor, Ihsan. "Best Sellers – The New York Times". The New York Times. Retrieved October 29, 2013.
  16. ^ "Joseph E. Stiglitz". Information and Democracy Commission, Reporters Without Borders. 2018-09-09. Retrieved 2021-05-05.
  17. ^ "Open Syllabus Project". Archived from the original on 2020-02-10. Retrieved 2021-02-12.