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Joseph Stiglitz
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Programs : Research
Joseph Stiglitz
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Joseph Stiglitz
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Stiglitz Says Markets "Irrationally Exuberant" About Recovery
Article Link: Bloomberg Op-ed, October 7th, 2009
U.S. unemployment will keep rising and should be the focus for policy makers, and gains in the stock market show investors have been "irrationally exuberant" about a recovery.
GDP Fetishism
Article Link: Joseph E. Stiglitz
Striving to revive the world economy while simultaneously responding to the global climate crisis has raised a knotty question: Are statistics giving us the right "signals" about what to do?

Click here to learn more.

Also available at Project Syndicate in Arabic, Russian, Chinese, Czech, German, Spanish, and French.
Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman
Article Link: Bloomberg Pop Ed piece by Joseph E. Stiglitz, September 14th, 2009
The US has failed to fix the underlying problems of its banking system.
G.D.P. Seen as Inadequate Measure of Economic Health
News: New York Times Article
On Monday, President Nicholas Sarkozy requested of the French national statistics agency to broaden the factors involved in measuring the country's economic health.

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Stiglitz Says Wrong Lessons Learned From Lehman
Article Link: Pop Ed Remarks by Joseph E. Stiglitz, September 9th, 2009
Sept 15th has taken on a lot of symbolic value, marking the end of some of the basic ideas of market fundamentalism. But it is important to realize that the US has been in recession since the end of 2007 and the Lehman Brothers was a consequence of that, not the cause.
New World Monetary System Inevitable
Article Link: Op Ed piece by Joseph E. Stiglitz, September 8th, 2009
We just learned that the 10-year national debt is likely to grow to more than $9 trillion. President Barack Obama inherited an economic mess from the Bush administration, and the cleanup comes with an inevitably high price tag. We're paying it now.
Thanks to the Deficit, the Buck Stops Here
Opinion: Washington Post Op-Ed piece by Joseph E Stiglitz, August 30, 2009
Last week we learned that the national debt is likely to grow by more than $9 trillion. What really matters is not the size of the deficit but how we're spending our money.

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Stiglitz, Sen, and Fitoussi head Sarkozy's Commission on the Measurement of Economic Performance and Social Progress
News
The Commission's aim is to identify the limits of GDP as an indicator of economic performance and social progress, to consider additional information required for the production of a more relevant picture, to discuss how to present this information in the most appropriate way, and to check the feasibility of measurement tools proposed by the Commission.

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Economic solutions need to be open and inclusive
Opinion: The Nation Opinion piece by Joseph E Stiglitz, August 14, 2009
While discussions about economic "green shoots" continue unabated in the US, in many countries, and especially in the developing world, matters are getting worse. In the developing world, it is the opposite: a decline in exports, reduced remittances, lower foreign direct investment, and precipitous falls in capital flows have led to economic weakening.

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Stiglitz Chairs the Commission of Experts of the President of the UN General Assembly on Reforms of the International Monetary and Financial System
News
The Commission's mandate is to reflect on the causes of the crisis, assess impacts on all countries and suggest adequate responses as to avoid its recurrence and restore global economic stability.

Click here to learn more.
Around the World with Joseph Stiglitz
News: A Film by Jacques Sarasin
A portrait of Joseph Stiglitz: Nobel Prize winner in Economics, former chief economist of the World Bank and author of the bestseller Globalization and its Discontents.

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A Better Bailout
Article Link: by Joseph Stiglitz
Joseph Stiglitz writes on Paulson's bailout plan in The Nation. Read the article here
Heroes of the Environment 2008: Kevin Conrad
News: Joseph E. Stiglitz
Time International published a special report on eco-pioneers around the world. Joseph E. Stiglitz contributed to this report by profiling Kevin Conrad. Kevin attended the December 2007 United Nations Climate Change Conference in Bali as Papua New Guinea's Special Envoy for Climate Change and challenged the U.S. on a plan for a post-2012 climate treaty in what Stiglitz describes as a "classic David versus Goliath moment".
Self-financing Development
Article Link: by Stephany Griffith-Jones , Jose Antonio Ocampo and Pietro Calice
Developing countries should invest a small portion of their growing supply of foreign exchange reserves to finance growth and reduce poverty.

Read the article in Project Syndicate here
Democracy Now! interviews Joseph Stiglitz and co-author Linda Bilmes about their new book: The Three Trillion Dollar War
Article Link: February 29th, 2008
Read and watch the interview here.
How to Stop the Downturn
News: America's economy is headed for a major slowdown.
Read Joseph Stiglitz's new op-ed in the New York Times here.
The Economic Consequences of Mr. Bush
News: The next president will have to deal with yet another crippling legacy of George W. Bush: the economy.
Read Joseph Stiglitz's new article in Vanity Fair here.
Making Globalization Work
New Book: Joseph E. Stiglitz
Nobel Prize winner Joseph E. Stiglitz's new book, Making Globalization Work, draws equally from his academic expertise and his time spent on the ground in dozens of countries around the world. In clear language and compelling anecdotes, Stiglitz focuses on policies that truly work, offering fresh new thinking about the questions that shape the globalization debate, including a plan to restructure a global financial system made unstable by America's debt, ideas for how countries can grow without degrading the environment, a framework for free and fair global trade, and much more. Throughout, Stiglitz reveals that economic globalization continues to outpace both the political structures and the moral sensitivity required to ensure a just and sustainable world.

Making Globalization Work may be purchased on Amazon.com
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