Stiglitz on the Current Financial Crisis and the State of the Economy

Papers and testimony

Incentives and the Performance of America's Financial Sector, testimony before the House Financial Services Commitee, January 22, 2010.

The Challenge of Creating Jobs in the Aftermath of the "Great Recession", testimony before the Joint Economic Committee, December 10, 2009.

Interpreting the Causes of the Great Recession of 2008, lecture to have been delivered to the Bank of International Settlements conference, Basel, Switzerland, June 2009.

The Anatomy of a Murder: Who Killed America's Economy? Critical Review, Vol. 21, No. 2-3, July 2009, pp. 329-340.

Too Big to Fail or Too Big to Save? Examining the Systemic Threats of Large Financial Institutions, testimony before the Joint Economic Committee, April 21, 2009.

Regulation and Failure, in New Perspectives on Regulation, D. Moss and J. Cisternino, eds., Tobin Project, 2009.

The Current Economic Crisis and Lessons for Economic Theory Eastern Economic Journal, 35(3), June, pp. 281-296 (President Address at the 2009 Eastern Economic Association Conference, New York, February 2009.)

Testimony at the Regulatory Reform Hearing, Congressional Oversight Panel, January 14, 2009.

Testimony on "The Future of Financial Services Regulation," House Financial Services Committee, October 21, 2008.

The Financial Crisis of 2007/2008 and its Macroeconomic Consequences, presented at the June 2008 meeting of the Initiative for Policy Dialogue Task Force meeting on Financial Markets Reform, June 2008 (click here for more information and papers from the meeting.

Testimony on the Future of Financial Services Regulation, before the House Committee on Financial Services, October 21, 2008.


Newspaper and magazine articles and op-eds

Protect Taxpayers From Wall Street Risk,, May 3, 2010.

Build Strong Rules for Finance System, Politico, April 12, 2010.

The Dangers of Deficit Reduction, Project Syndicate, March 5, 2010.

Watchdogs Need Not Bark Together, Financial Times, February 10, 2010.

Obama Must Resist "Deficit Fetish", February 10, 2010.

Obama's Banking Proposals are a Good First Step, LA Times, January 29, 2010.

Obama's Falling Down on the Job, New York Daily News, January 29, 2010.

A Principled Europe Would Not Leave Greece to Bleed, The Guardian (UK), January 25, 2010.

The Imperative for Improved Global Economic Coordination, Development Outreach, December 2009.

Too Big to Live, Project Syndicate, December 2009.

Let a Hundred Theories Bloom, Project Syndicate, November 2009.

Death Cometh for the Greenback, The National Interest, October 27, 2009.

Borlaug and the Bankers, Project Syndicate, October 2009.

For all of Obama's Talk of Overhaul, the US has Failed to Wind in Wall Street, The Guardian (UK), September 14, 2009.

GDP Fetishism, Project Syndicate, September 2009.

Thanks to the Deficit, the Buck Stops Here, Washington Post, August 30, 2009.

Stimulate or Die, Project Syndicate, August 2009.

The UN Takes Charge, Project Syndicate, July 2009.

Wall Street's Toxic Message, Vanity Fair, July 2009.

A Global Recovery for a Global Recession, The Nation, June 24, 2009.

America's Socialism for the Rich, Project Syndicate, June 2009.

The Spring of the Zombies, Project Syndicate, May 2009.

Developing Countries and the Global Crisis, Project Syndicate, April 2009.

Obama's Ersatz Capitalism, The New York Times, April 1, 2009.

Reform is Needed. Reform is in the Air. We Can't Afford to Fail, The Guardian (UK), March 27, 2009.

A Bank Bailout That Works, The Nation, March 23, 2009.

How to Fail to Recover, Project Syndicate, March 2009.

Obama's Chance to Lead the Green Recovery, with Nicholas Stern, Financial Times, March 4, 2009.

Davos Man's Depression, Project Syndicate, February 2009.

Give us Bangs for our Bailout Bucks, The Times (London), January 27, 2009.

How to Rescue the Bank Bailout,, January 26, 2009.

Do Not Squander America's Stimulus on Tax Cuts, Financial Times, January 15, 2009.

The Rocky Road to Recovery, Project Syndicate, January 2009.

The $10 Trillion Hangover: Paying the Price for Eight Years of Bush, Harper's Magazine, January 2009.

Markets Can't Rule Themselves, Newsweek, December 31, 2008.

Chapter 11 is the Right Road for America's Carmakers, The Financial Times, December 12, 2008.

Getting Bang for Your Buck, The Guardian (UK), December 5, 2008.

The Triumphant Return of John Maynard Keynes, Project Syndicate, December 2008.

It Doesn't Take Nostradamus, Economists' Voice, November 2008.

A $1 Trillion Answer, New York Times, November 29, 2008.

Dealing with the Global Crisis, Q&A for the International Herald Tribune, November 18, 2008.

Global Crisis, Made in America, Der Spiegel, November 12, 2008.

The Next Bretton Woods, Project Syndicate, November 2008.

Financial Crisis: Europe's Leaders Can Seize This Opportunity to Fill the Leadership Gap, The Daily Telegraph (UK), November 11, 2008.

More Pain to Come, Even if He's Perfect, Washington Post, November 9, 2008.

Let's Throw Away the Rule Book, The Guardian (UK), November 6, 2008.

The Seven Deadly Deficits, Mother Jones Magazine, November/December 2008.

Realign the Interests of Wall Street, Harpers Magazine, November 2008.

A Crisis of Confidence, The Guardian (UK), October 22, 2008.

Dear Mr. President: Advice from seven Nobel Laureates on fixing the economy, Newsweek Magazine, October 22, 2008. Online Debate: Con side of "It would be a mistake to regulate the financial system heavily after the crisis," Economist online, October 17, 2008.

How to Get Out of the Financial Crisis, Time Magazine, October 17, 2008.

Guided by an Invisible Hand, New Statesman (UK), October 16, 2008.

Paulson Tries Again, The Guardian, October 16, 2008.

The Dismal Questions, The New York Times, October 7, 2008.

We Aren't Done Yet: Comments on the Financial Crises and Bailout, The Economists' View, October 2008.

Reversal of Fortune, Vanity Fair, November 2008 issue.

Good Day for Democracy, The Guardian (UK), October 1, 2008.

A Chance to Improve the Bail-out, USA Today, September 30, 2008.

Bail-out Blues, The Guardian (UK), September 30, 2008.

A Better Bail-out, The, September 26, 2008.

Dr. Joseph Stiglitz, Interview with Ron Garmon about the Financial Crisis and the Iraq war, LA City Beat, September 24, 2008.

Commentary: How to Prevent the Next Wall Street Crisis,, September 17, 2008.

Stiglitz: The Fall of Wall Street is to Market Fundamentalism What the Fall of the Berlin Wall Was to Communism, interview with Nathan Gardels, The Huffington Post, September 16, 2008.

The Fruit of Hypocrisy, in The Guardian (UK), September 16, 2008.

Little Risk of Great Depression Repeat, AFP News, September 15, 2008.

Falling Down: No manufacturing. No new ideas. What's our economy based on? in The New Republic, September 10, 2008 issue.

Fannie and Freddie Must Not Get a Free Lunch, The Financial Times, July 25, 2008.

The End of Neo-Liberalism? Project Syndicate, July 2008.

Joseph Stiglitz talks to the Sunday Times, Sunday Times (UK), June 15, 2008.

Scarcity in an Age of Plenty, The Guardian UK, June 15, 2008.

Joseph Stiglitz on Recession, interview with James Harris, TruthDig, June 3, 2008.

Stagflation Redux, Inc. Magazine, June 2008.

Scarcity in an Age of Plenty, Project Syndicate, June 2008.

The Failure of Inflation Targeting, Project Syndicate, May 2008.

Deficit, Schmeficit, Conde Nast Portfolio, May 2008 Issue.

America's War-Torn Economy, Project Syndicate, April 2008.

A Deficit of Leadership, Comment is Free, The Guardian (UK), April 8, 2008.

Ways We Can Fix This Giant Mess, Newsweek, March 31, 2008.

Are We in the Worst Financial Crisis and Can We Solve it? You Ask the Questions... the Independent (UK), March 24, 2008.

Economist Stiglitz Blames Crunch on "Flawed" City Bonuses System, by Sean O'Grady, the Independent (UK), March 24, 2008.

Stiglitz: U.S. Fiscal Measures Too Little Too Late, by Brian Fallow, New Zealand Herald, March 19, 2008.

Iraq War Caused Slowdown in the US, by Peter Wilson, The Australian, February 28, 2008.

Alpine Schadenfreude, Project Syndicate, February 2008.

How to Stop the Downturn, The New York Times, January 23, 2008.

Day of Reckoning in the US Glasshouse, The Times (London), January 21, 2008.

Stagflation Cometh, The Guardian (UK), January 2, 2008.

Television, radio, and online interviews

Time to Fix the Fed? interview on CNBC's Closing Bell with Maria Bartiromo, March 8, 2010.

Interview with Joseph Stiglitz, Charlie Rose, March 2, 2010.

Stiglitz: World Heading for Slowdown, BBC News, February 12, 2010.

The Outsider: Questions for Professor Stiglitz, interview with Deborah Soloman, New York Times Magazine, January 27, 2010.

Davos: Stiglitz and Rogoff - Part 1 and Part 2, Reuters Television, January 29, 2010.

Stiglitz: Regulate Banks. Now. Everywhere. CNBC, January 29, 2010.

Stiglitz Sees Nationalizing Banks Likely, CNBC, January 28, 2010.

Frontline: The Warning, PBS, October 20, 2009.

The Balance Sheet blog, interview with James Surowiecki, The New Yorker, September 28, 2009.

America at Serious Risk of Extended Malaise, Yahoo! Finance Tech Ticker, August 4, 2009.

Banking Behemoth Breakup, Squawk Box, CNBC, April 22, 2009.

Win, Win, Lose, CNBC, April 2, 2009.

The Future of Capitalism: New York Panel Part 1, New York Panel Part 2, and New York Panel Part 3, with Chrystia Freeland, Financial Times, April 1, 2009.

China's Economic Model 'Working Well', MSNBC, March 20, 2009.

"Nationalise Banks" says Stiglitz, interview with Lesley Curwen, BBC World Service, March 2, 2009.

Stiglitz on Bank Secrecy, US Stimulus and the G20, World Radio Switzerland, March 11, 2009.

Obama has Confused Saving the Bank with Saving the Bankers, Democracy Now, February 25, 2009.

Stiglitz on the Bailout, Talking Points Memo TV, February 10, 2009.

"This is Worse than the Great Depression, CNBC, February 9, 2009.

Stiglitz on US Stimulus Plan, CNBC, January 30, 2009.

Stiglitz Interview from Davos, Switzerland, CNBC, January 28, 2009.

Stiglitz Says US Stimulus Plan Must Promote Investment, Bloomberg News, January 28, 2009.

Parsing Frank, CNBC, January 19, 2009.

Spending vs. Tax Cuts, CNBC, January 19, 2009.

Joseph Stiglitz discusses the stimulus plan's chances for success, CNBC, January 16, 2009.

Massive Reforms Needed to Rebuild Economy, Squawk Box, CNBC, January 8, 2009.

Interview on Le Grand Journal, Canal+ (Paris), January 7, 2009.

A Conversation about Obama's Economic Stimulus Package, Charlie Rose, PBS, January 6 2009.

Stiglitz: "A Gun at our Heads", interview on NOW for PBS, November 22, 2008.

Despite Bailout, Budget Strains Worsen for Fannie, AIG, interview on NewsHour with Jim Lehrer, November 11, 2008.

IMF Tries to Stem the Crisis, Europe this Week, CNBC, October 31, 2008.

Nobel Thoughts on the Economy, Squawk Box, CNBC, October 20, 2008.

Interview with Stephen Colbert, The Colbert Report, October 14, 2008.

World Leaders Pledge Aid to Curb Global Financial Turmoil, Interview on the NewsHour with Jim Lehrer, October 13, 2008.

Bail Out Wall Street Now, Change Terms Later, Interview on Democracy Now, October 2, 2008.

Nobel Laureate Solution, Interview on Squawk Box, CNBC, October 1, 2008.

The Bail-out Plan, (at 8:47), 60 Minutes, CBS News, September 28, 2008.

Interview with Joseph Stiglitz, The Tavis Smiley Show, September 19, 2008.

Nobel Prize Winning Economist: Crisis as Bad as Great Depression or Worse, The Alex Jones Radio Show, September 16, 2008.

Economists Analyze the Market, ABC News Now, Money Matters, September 16, 2008.

Letting a Giant Fail - Pros and Cons, CBC Radio (Toronto), (Part 1, at 4:01) September 16, 2008.

Economists Analyze the Market, interview on ABC News, September 16, 2008.

Transcript of Interview on the Turmoil on Wall Street, Lou Dobbs Tonight, September 15, 2008.

Interview about the Financial Crisis and the Iraq War, The Ron Reagan Show (at 28:55), Air America, September 15, 2008.

Fed's Next Move, interview on CNBC's Closing Bell with Maria Bartiromo (at 1:53), September 15, 2008.

Joseph Stiglitz on Financial Alchemy, interview on The Big Think, September 15, 2008.

Stiglitz on GSEs, Squawk Box, CNBC, August 8, 2008.

Stiglitz on the Credit Crisis, Squawk Box, CNBC, August 8, 2008.

Stiglitz on Central Banks and Inflation, Interview on Europe this Week, June 31, 2008.

Stiglitz Says Credit Woes May Get Worse Before Improving, Bloomberg TV, April 30, 2008.

Nobel Winner Stiglitz: U.S. Facing Long Recession, Interview with CNBC, April 25, 2008.

Stiglitz on the Economy, interview on Squawk Box, CNBC, April 10, 2008.

Stiglitz on US Economy, interview with Anna Martin, CNBC, April 2, 2008.

Day of Financial Reckoning, interview on Lou Dobbs Tonight, CNN, March 31, 2008.

Stiglitz Says US Economy is "Probably" in a Recession, Bloomberg TV, February 26, 2008.