Joseph Stiglitz

Joseph Stiglitz
Stiglitz in 2019
Chief Economist of the World Bank
In office February 1997 – February 2000
President	James Wolfensohn
Preceded by	Michael Bruno
Succeeded by	Nicholas Stern
17th Chair of the Council of Economic Advisers
In office June 28, 1995 – February 10, 1997
President	Bill Clinton
Preceded by	Laura Tyson
Succeeded by	Janet Yellen
Personal details
Born	Joseph Eugene Stiglitz (1943-02-09) February 9, 1943 (age 81) Gary, Indiana, U.S.
Political party	Democratic
Spouse(s)	Jane Hannaway (div.) Anya Schiffrin ​ (m. 2004)​
Education	Amherst College (BA) Massachusetts Institute of Technology (MA, PhD)
Academic career
Field	Macroeconomics, public economics, information economics
School or tradition	Neo-Keynesian economics
Doctoral advisor	Robert Solow[1]
Doctoral students	Katrin Eggenberger
Influences	John Maynard Keynes, Robert Solow, James Mirrlees, Henry George
Contributions	Screening Taxation Unemployment Market failure Information asymmetry Economic inequality
Information at IDEAS / RePEc
Academic background
Thesis	Studies 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, and a full 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 president's) 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 the 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 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]