Joseph E. Stiglitz


Joseph E. Stiglitz

About the author:

Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".

Stories by the author

A Global Health Care Remedy – Why We Must Fix High Drug Prices: Joseph Stiglitz


The pharmaceutical industry today is a broken intellectual-property regime, which holds back on the development and availability of cheap drugs for the sake of profit maximisation. But it doesn’t have to be this way. An international effort by the World Health Organisation may now represent a once-in-a-generation opportunity to remedy a long-standing and egregious inequity in health care.

Europe’s Man-Made Disaster – An Austerity Tragedy: Joseph Stiglitz


Europe’s single-minded focus on austerity is a result of a misdiagnosis of its problems; and the fact that so many economies are vulnerable to natural disasters only makes the man-made disaster of austerity all the more tragic. Accordingly, the pain that Europe, especially its poor and young, is suffering as a result of its leaders’ willful ignorance of the lessons of the past is entirely unnecessary.

Think 2011 Was Bad? 2012 Will Be Even Worse: Joseph Stiglitz


The pragmatic commitment to growth that one sees in Asia and other emerging markets today stands in contrast to the West’s misguided policies, which, driven by ideology and vested interests, almost seem to reflect a commitment not to grow. As a result, global economic rebalancing is likely to accelerate, almost inevitably giving rise to political tensions.

A Global Transcendence of Change – What The 99% Really Want: Joseph Stiglitz


Across the world, protestors are agitating for change. On one level, the protesters are asking for little: a chance to use their skills, the right to decent work at decent pay, a fairer economy and society. Their hope is evolutionary, not revolutionary. But, on another level, they are asking for a great deal: a democracy where people, not dollars, matter, and a market economy that delivers on what it is supposed to do.

Undoing the Bankruptcy of Capitalism: Joseph E. Stiglitz


To cure the economy, we need to understand exactly what ails it. An accurate diagnosis is just as important as a proper prescription. As Stiglitz argues, the economic problem we have is more severe than most people realize and the shocker is this: Austerity will not cure it.

NEW YORK – As the economic slump that began in 2007 persists, the question on everyone’s minds is obvious: Why? Unless we have a better understanding of the causes of the crisis, we can’t implement an effective recovery strategy. And, so far, we have neither.

A Decade of Hurt – The Economic Legacy of 9/11: Joseph Stiglitz


The events of September 11 2001 forever altered the course of human history. Till today, Americans continue to bear the bulk of the cost for the tragedy – both economically and socially. However in the aftermath of 9/11, it has been disheartening to note that a large portion of the cost could have been avoided.