Academic, Formal and Thought-provoking
Unafraid, critical and sometimes controversial, this distinguished economist likes to address society's most pressing and relevant questions in a simple and direct way.
Joseph Stiglitz was born to Jewish parents in 1943 and grew up in the industrial town of Gary, Indiana. He studied at Amherst College and the University of Chicago before being awarded a PhD from MIT in 1967, during which time he also held an assistant professorship there. He was a research fellow at the University of Cambridge until 1970 and has since been associated with Yale, Stanford, Duke, Oxford, and Princeton. He is now a professor at Columbia University in New York.
Joseph Stiglitz has been examining the relationship between inequality and economic behavior since his early years at MIT and is known for his critical views; of free-market economists, the International Monetary Fund, the World Bank and in his latest book The Price of Inequality: How Today's Divided Society Endangers Our Future 2012 he takes on the American Dream itself, arguing that the U.S. is no longer the land of opportunity.
Stiglitz has a stunning CV. He won the Nobel Prize for economics in 2001, served in the Clinton administration as chairman of the Presidents Council of Economic Advisers (1995) and was appointed as chief economist of the World Bank (1997) a position from which he was later fired for publicly disagreeing with their policies.
While serving under President Clinton he came up with the, Third Way theory of limited government intervention, which went on to have a big influence on the Blair government in the UK. He was a lead author for the Intergovernmental Panel on Climate Change, which received the Nobel Peace Prize in 2007.
In October 2008 he was asked by the President of the United Nations General Assembly to report on the causes of the world financial crisis. Their recommendations were published as the Stiglitz Report.
In 2009 he was appointed Chairman of the U.N. Commission on Reforms of the International Monetary and Financial System.
In 2010 he acted as an advisor to the Greek government at the start of the European debt crisis and in 2011 he expressed his support for those protesting in Spain over the same issue. For Stiglitz, economics and social justice cant be separated and since the election of Barack Obama, he has attempted to hold him to account.
He is one of the most frequently cited economists in the world, and is the author of ten books, - The Price of Inequality (2012) is a New York Times best seller.
In 2011 he was named by Time magazine as one of the 100 most influential people in the world. He has over 40 honorary doctorates and at least eight honorary professorships, as well as an honorary deanship. He is the Editor of The Economists' Voice Journal and is a prolific writer of newspaper articles. He has also published over 300 technical articles in the field of economics.
"has [ ] developed theories that will be remembered long after current controversies die down, because he has delivered to us a better understanding of economics, particularly with the crucial insight that markets aren't always efficient."
"Now a distinguished professor at Columbia, Joe is a brilliant intellect, a great conversationalist, and because his work goes on challenging us all to rethink our ideas, he will always be a controversialist wherever he goes." - Former British Prime Minister Gordon Brown