Joseph Stiglitz

Who is Joseph Stiglitz?

Joseph Eugene Stiglitz, ForMemRS, FBA is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences and the John Bates Clark Medal. He is a former senior vice president and chief economist of the World Bank, and is a former member, and Chairman of the Council of Economic Advisers. He is known for his critical view of the management of globalization, free-market economists, and some international institutions like the International Monetary Fund and the World Bank.

In 2000, Stiglitz founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, has been a University Professor since 2003, and is the Co-Chair of the University's Committee on Global Thought. He also chairs the University of Manchester's Brooks World Poverty Institute as well as the Socialist International Commission on Global Financial Issues and is a member of the Pontifical Academy of Social Sciences. Stiglitz has over 40 honorary doctorates and at least eight honorary professorships, as well as an honorary deanship.

Famous Quotes:

• The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.
• The reason that the invisible hand often seems invisible is that it is often not there.
• Neo-liberal market fundamentalism was always a political doctrine serving certain interests. It was never supported by economic theory. Nor, it should now be clear, is it supported by historical experience.