Tag Archives: Joseph E. Stiglitz

By Joseph E. Stiglitz Its profitability may not be a good measure of its net contribution to our standard of living Around the world, there is enormous enthusiasm for the type of technological innovation symbolised by Silicon Valley. In this view, America’s ingenuity represents its true comparative advantage, which others …

By Joseph E. Stiglitz Austerity policies have made the downturn far deeper, longer, and with long-lasting consequences Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and near-stagnant incomes for years to come – could set …

By Joseph E. Stiglitz Austerity policies have made the downturn far deeper, longer, and with long-lasting consequences Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise – slow growth and near-stagnant incomes for years to come – could set …

By Joseph E. Stiglitz The euro was supposed to bring growth, prosperity; instead, it has brought stagnation, instability, and divisiveness It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. Some, noting that the eurozone’s …

By Joseph E.Stiglitz The two proposed new free-trade areas are designed to maintain special interests that dominate trade policy in the west Though nothing has come of the World Trade Organisation’s Doha Development Round of global trade negotiations since they were launched almost a dozen years ago, another round of …

By Joseph E. Stiglitz The IMF warns that it leads to economic instability America likes to think of itself as a land of opportunity, and others view it in much the same light. But, while we can all think of examples of Americans who rose to the top on their …

By Joseph E. Stiglitz Public-sector cutbacks do not solve the problem of yesterday’s profligacy; they simply push economies into deeper recessions New York – Just when it seemed that things couldn’t get worse, it appears that they have. Even some of the ostensibly “responsible” members of the eurozone are facing …

By Joseph E. Stiglitz The prescription for what ails the global economy follows directly from the diagnosis: strong government expenditures 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 …