Joseph Stiglitz

• Executive Director, Initiative for Policy Dialogue

Research

A graduate of Amherst College, he received his PHD from MIT in 1967 and became a full professor at Yale in 1970. He has taught at Princeton, Stanford, MIT and was the Drummond Professor and a fellow of All Souls College, Oxford. He is now University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information.

Stiglitz was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000.

Stiglitz helped create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. He has made major contributions to macro-economics and monetary theory, to development economics and trade theory, to public and corporate finance, to the theories of industrial organization and rural organization, and to the theories of welfare economics and of income and wealth distribution. In the 1980s, he helped revive interest in the economics of R&D.

Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. He founded one of the leading economics journals, The Journal of Economic Perspectives. His book Globalization and Its Discontents (W.W. Norton June 2001) has been translated into 31 languages and is an international bestseller. Other recent books include The Roaring Nineties (W.W. Norton), Towards a New Paradigm in Monetary Economics (Cambride University Press) with Bruce Greenwald, and Fair Trade for All (Oxford University Press), with Andrew Charlton.

Selected Work

• The True Costs of the Iraq War Project Syndicate, February 2006
• War's Stunning Price Tag, Op-Ed by Joseph Stiglitz and Linda Bilmes from LA Times, January 17, 2006
• Fair Trade For All,with Andrew Charlton, Oxford University Press, December, 2005
• The Roaring Nineties, W.W. Norton & Company, October 2003.
• Towards a New Paradigm in Monetary Economics, with Bruce Greenwald, Cambridge University Press, May 2003.
• Globalization and Its Discontents, W.W. Norton & Company, June 2002.

See Also

• Research grants undertaken by Joseph Stiglitz
• Featured publication: Fair Trade for All: How Trade Can Promote Development

• Newsletter article: How can we make trade fair for developing countries?
• Newsletter article: Development Experts Gather for IGERT Symposium
• Newsletter article: IGERT Hosts Symposium on Development and Globalization