On The European Recession And Failed Politics

stiglitz

Watch Joseph Stiglitz discuss the European recession and the politics that has led to it. The talk was recorded in New York at the event ‘A Discussion on the Future of Europe,’ organized by the Center on Global Economic Governance, SIPA, Columbia University, with The Brookings Institution and World Leaders Forum. The event took place on [...]

Paul Krugman and Joseph Stiglitz on the Economy and Inequality

paul krugman

Paul Krugman and Joseph Stiglitz discussed their respective books on the current economic problems and inequality at an event organised by the Institute for New Economic Thinking (INET). For the everybody who was unable to attend the event they fortunately uploaded a YouTube video of the full event.

INET Conference – Paradigm Lost

At the end of last week the Institute for New Economic Thinking (INET) held its annual conference, this time in Berlin. It is safe to say that the place of the conference was closely linked to the pivotal role of Germany in the Eurozone crisis and the discussions there were indeed very interesting (I followed many panels [...]

Whose World Bank?

stiglitz

US President Barack Obama’s nomination of Jim Yong Kim for the presidency of the World Bank has been well received – and rightly so, especially given some of the other names that were bandied about. In Kim, a public-health professor who is now President of Dartmouth University and previously led the World Health Organization’s HIV/AIDS [...]

The Inequality Trap

kemal dervis

As evidence mounts that income inequality is increasing in many parts of the world, the problem has received growing attention from academics and policymakers. In the United States, for example, the income share of the top 1% of the population has more than doubled since the late 1970’s, from about 8% of annual GDP to [...]

Joseph Stiglitz occupies Wall Street

stiglitz

As you can see from various previous posts, I have been a fan of Joseph Stiglitz’ for quite some time but this takes academic activism onto a new level! Last weekend, he joined the ‘Occupy Wall Street’ protest in New York: Visit msnbc.com for breaking news, world news, and news about the economy

To Cure the Economy

stiglitz

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. We were told that this was a financial crisis, so governments on both [...]

Joseph Stiglitz on the Global Economy

stiglitz

Very interesting interview on the state of the global economy by the World Bank with Joseph Stiglitz. Not sure why the sound is so bad but you can still understand what he is saying: Interview with Prof. Joseph Stiglitz from World Bank on Vimeo. If you want to get the full whack you can also watch Stiglitz’ lecture on the same [...]

Joseph Stiglitz on the Deficiencies of Macroeconomics

stiglitz

Joseph Stiglitz gave this interesting talk at a meeting of economics Nobel Laureates in Lindau:

Choosing the IMF’s Next Leader

stiglitz

Sooner than expected, the International Monetary Fund will have a new managing director. For more than a decade, I have criticized the Fund’s governance, symbolized by the way its leader is chosen. By gentlemen’s agreement among the majority shareholders – the G-8 – the managing director is to be a European, with Americans in the [...]

Alternatives to Austerity

stiglitz

In the aftermath of the Great Recession, countries have been left with unprecedented peacetime deficits and increasing anxieties about their growing national debts. In many countries, this is leading to a new round of austerity – policies that will almost surely lead to weaker national and global economies and a marked slowdown in the pace [...]

Expansionary Fiscal Contraction and the Emperor’s Clothes

Irvin

Various eminent economists – amongst them, Paul Krugman, Joseph Stiglitz and Robert Skidelsky[i] – have attacked ‘deficit hysteria’ as based on weak economic evidence and poor theory; i.e. as being ‘economically illiterate’. The right-wing of the profession – not just in Britain but in Frankfurt and Washington – has struck back, digging hard into the [...]