Articles by Joseph E. Stiglitz
We found 24 results.
Inequality and Democracy
Joseph E. Stiglitz, Nobel Economics Laureate – TRANSCEND Media Service,
4 Sep 2023
31 Aug 2023 – With the right political reforms, democracies can become more inclusive, more responsive to citizens, and less responsive to the corporations and rich individuals who currently hold the purse strings. But salvaging democratic politics also will require far-reaching economic reforms.
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The Inflation Red Herring
Joseph E. Stiglitz, Nobel Economics Laureate – TRANSCEND Media Service,
14 Jun 2021
9 Jun 2021 – Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown. Whether those peddling inflation fears are pursuing their own agenda or simply jumping the gun, they should not be heeded.
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Will Corporate Greed Prolong the Pandemic?
Lori Wallach and Joseph E. Stiglitz, Nobel Economics Laureate – TRANSCEND Media Service,
10 May 2021
6 May 2021 – The shortfall in global COVID-19 vaccine production could be closed if manufacturers around the world were granted access to the necessary technology and knowledge. But first, the US and other key governments must recognize the drug companies’ opposition to this solution for the deadly rent-seeking that it is.
→ read full articlePreserving Intellectual Property Barriers to COVID-19 Vaccines Is Morally Wrong and Foolish
Joseph E. Stiglitz, Nobel Economics Laureate | RSN/Washington Post – TRANSCEND Media Service,
3 May 2021
28 Apr 2021 – Why, after three months of making great progress on domestic vaccination, has President Biden not ended a self-defeating policy from the Trump administration that hinders a global initiative to increase access to covid-19 vaccines and treatments?
→ read full articleCOVID-19 and the Economic Agenda
Joseph E. Stiglitz, Nobel Economics Laureate | Columbia News – TRANSCEND Media Service,
29 Mar 2021
25 Mar 2021 – While we celebrate the United States’ emergence from the pandemic and the economic recovery, poorer countries face dimmer prospects. They don’t have access to COVID-19 vaccines or to the resources to reignite their economies. Many are burdened by debts that were barely manageable before the pandemic, but are crushing them now. What advanced countries should do to help the developing world recover from the pandemic and its economic aftermath.
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Getting the Social Cost of Carbon Right
Nicholas Stern and Joseph E. Stiglitz | Project Syndicate - TRANSCEND Media Service,
1 Mar 2021
15 Fev 2021 – US President Joe Biden’s administration must put a high enough price on carbon pollution to encourage the scale and urgency of action needed to meet the commitments that it has made to Americans and the rest of the world. The future of the planet depends on it.
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How Biden Can Restore Multilateralism Unilaterally
Joseph E. Stiglitz, Nobel Economics Laureate – TRANSCEND Media Service,
4 Jan 2021
31 Dec 2020 – After four years of the Trump administration undermining global governance, Joe Biden will certainly have his work cut out for him. Nonetheless, there are several actions the new administration can take immediately to reaffirm America’s commitment to multilateral institutions and the rule of law.
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Inequality Is Not Inevitable
Joseph E. Stiglitz, Nobel Economics Laureate – TRANSCEND Media Service,
9 Nov 2020
The underlying source of the problem: political inequities and policies that have commodified and corrupted our democracy. It is only engaged citizens who can fight to restore a fairer America. Widening and deepening inequality is not driven by immutable economic laws, but by laws we have written ourselves.
→ read full articleThe Pandemic Has Laid Bare Deep Divisions, but It’s Not Too Late to Change Course
Joseph E. Stiglitz, Nobel Economics Laureate | IMF – TRANSCEND Media Service,
7 Sep 2020
Around the world, there are marked differences in how the pandemic has been managed, both in terms of how successful countries have been in maintaining the health of their citizens and the economy and in the magnitude of the inequalities on display. There are many reasons for these differences
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How to Prevent the Looming Sovereign-Debt Crisis
Joseph E. Stiglitz, Nobel Economics Laureate, and Hamid Rashid | Vox EU – TRANSCEND Media Service,
24 Aug 2020
3 Aug 2020 – From Latin America’s lost decade in the 1980s to the more recent Greek crisis, there are plenty of painful reminders of what happens when countries cannot service their debts. This column argues that a global debt crisis today would likely push millions of people into unemployment and fuel instability and violence around the world, and proposes a multilateral sovereign debt buyback facility which could be managed by the IMF.
→ read full articleIs Growth Passé?
Joseph E. Stiglitz, Nobel Economics Laureate | Project Syndicate – TRANSCEND Media Service,
23 Dec 2019
9 Dec 2019 – Some suggest that the Paris climate agreement’s target for limiting global warming can be achieved only by stopping economic expansion. But there is ample room to change the quality of growth and significantly reduce its environmental impact without condemning billions of people to lives of deprivation.
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The End of Neoliberalism and the Rebirth of History
Joseph E. Stiglitz, Nobel Literature Laureate | Project Syndicate – TRANSCEND Media Service,
16 Dec 2019
4 Nov 2019 – For 40 years, elites in rich and poor countries alike promised that neoliberal policies would lead to faster economic growth, and that the benefits would trickle down so that everyone, including the poorest, would be better off. Now that the evidence is in, is it any wonder that trust in elites and confidence in democracy have plummeted?
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Thumbs Down to Facebook’s Cryptocurrency
Joseph E. Stiglitz, Nobel Economics Laureate | Project Syndicate – TRANSCEND Media Service,
8 Jul 2019
2 Jul 2019 – Only a fool would trust Facebook with his or her financial wellbeing. But maybe that’s the point: with so much personal data on some 2.4 billion monthly active users, who knows better than Facebook just how many suckers are born every minute?
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After Neoliberalism
Joseph E. Stiglitz | Nobel Laureate Economic Sciences – TRANSCEND Media Service,
3 Jun 2019
30 May 2019 – For the past 40 years, the United States and other advanced economies have been pursuing a free-market agenda of low taxes, deregulation, and cuts to social programs. There can no longer be any doubt that this approach has failed spectacularly; the only question is what will – and should – come next.
→ read full articleThe Real Scandal behind the Panama Papers
Joseph E. Stiglitz, Nobel Economics Laureate, and Mark Pieth – Vanity Fair,
3 Oct 2016
After the leak of more than 11 million documents detailing sensitive, and often terrifying, information about offshore financial and legal activities, the Nobel-laureate economist Joseph Stiglitz was enlisted to help Panama reform its practices. But nothing could have prepared him for what came next.
→ read full articleThe U.S. Must Save Greece
Joseph E. Stiglitz, Nobel Economics Laureate – Time Magazine,
13 Jul 2015
July 9, 2015 – As the Greek saga continues, many have marveled at Germany’s chutzpah. It received, in real terms, one of the largest bailout and debt reduction in history and unconditional aid from the U.S. in the Marshall Plan. And yet it refuses even to discuss debt relief.
→ read full articleThe Secret Corporate Takeover
Joseph E. Stiglitz, Nobel Economics Laureate, Project Syndicate – TRANSCEND Media Service,
18 May 2015
Economics Nobel Joseph E. Stiglitz shows why today’s “trade” agreements are about much more than free trade.
→ read full articleDon’t Trade Away Our Health: Trans-Pacific Partnership and International Drug Price Fixing
Joseph E. Stiglitz, Nobel Economics Laureate – The New York Times,
2 Feb 2015
30 Jan 2015 – A secretive group met behind closed doors in New York this week. The efforts to raise drug prices in the T.P.P. take us in the wrong direction. The whole world may come to pay a price in the form of worse health and unnecessary deaths.
→ read full articleIn No One We Trust
Joseph E. Stiglitz, Nobel Prize in Economic Sciences – The New York Times,
30 Dec 2013
Trust is becoming yet another casualty of our country’s staggering inequality: As the gap between Americans widens, the bonds that hold society together weaken. So, too, as the 1 percent ascend to ever more distant heights, this vital element of our institutions and our way of life is eroding.
→ read full articleInequality Is a Choice
Joseph E. Stiglitz, Nobel Economics Laureate – The New York Times,
21 Oct 2013
It’s well known by now that income and wealth inequality in most rich countries, especially the United States, have soared in recent decades and, tragically, worsened even more since the Great Recession. But what about the rest of the world?
→ read full articleAfter Austerity
Joseph E. Stiglitz, Economics Nobel Laureate – Project Syndicate,
21 May 2012
It is a little precious to hear such pontifications from those who, at the helm of central banks, finance ministries, and private banks, steered the global financial system to the brink of ruin – and created the ongoing mess. Worse, seldom is it explained how to square the circle. How can confidence be restored as the crisis economies plunge into recession?
→ read full articleThe Ideological Crisis of Western Capitalism
Joseph E. Stiglitz – Project Syndicate,
11 Jul 2011
As Greece and others face crises, the medicine du jour is simply timeworn austerity packages and privatization, which will merely leave the countries that embrace them poorer and more vulnerable. This medicine failed in East Asia, Latin America, and elsewhere, and it will fail in Europe this time around, too. Indeed, it has already failed in Ireland, Latvia, and Greece.
→ read full articleMORAL BANKRUPTCY: WHY ARE WE LETTING WALL STREET OFF SO EASY?
Joseph E. Stiglitz, Economics Nobel Laureate – Mother Jones, Jan/Feb 2010 Issue,
17 Jan 2010
IT IS SAID THAT A NEAR-DEATH experience forces one to reevaluate priorities and values. The global economy has just escaped a near-death experience. The crisis exposed the flaws in the prevailing economic model, but it also exposed flaws in our society. Much has been written about the foolishness of the risks that the financial sector […]
→ read full articleOVERCOMING THE COPENHAGEN FAILURE
Joseph E. Stiglitz, Nobel Prize Laureate economist,
12 Jan 2010
Pretty speeches can take you only so far. A month after the Copenhagen climate conference, it is clear that the world’s leaders were unable to translate rhetoric about global warming into action.It was, of course, nice that world leaders could agree that it would be bad to risk the devastation that could be wrought by […]
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