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  • News & article

    How tiny Costa Rica gets it right

    News, Joseph Stiglitz, Published on 15/05/2018

    » With authoritarianism and proto-fascism on the rise in so many corners of the world, it is heartening to see a country where citizens are still deeply committed to democratic principles. And now its people are in the midst of trying to redefine their politics for the twenty-first century.

  • News & article

    Why tax cuts for rich solve nothing

    News, Joseph Stiglitz, Published on 01/08/2017

    » Although America's right-wing plutocrats may disagree about how to rank the country's major problems -- for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure -- the solution is always the same: lower taxes and deregulation, to "incentivise" investors and "free up" the economy. President Donald Trump is counting on this package to make America great again.

  • News & article

    The pitfalls of Russia's post-communist transition

    News, Joseph Stiglitz, Published on 04/04/2017

    » Today, a quarter-century after the Cold War's end, the West and Russia are again at odds. This time, though, at least on one side, the dispute is more transparently about geopolitical power, not ideology. The West has supported in a variety of ways democratic movements in the post-Soviet region, hardly hiding its enthusiasm for the various "colour" revolutions that have replaced long-standing dictators with more responsive leaders -- though not all have turned out to be the committed democrats they pretended to be.

  • News & article

    Globalisation failing the world's people

    News, Joseph Stiglitz, Published on 08/08/2016

    » Fifteen years ago, I wrote a little book, entitled Globalisation and its Discontents, describing growing opposition in the developing world to globalising reforms. It seemed a mystery: people in developing countries had been told that globalisation would increase overall well-being. So why had so many people become so hostile to it?

  • News & article

    New realities shape young minds

    News, Joseph Stiglitz, Published on 28/03/2016

    » Something interesting has emerged in voting patterns on both sides of the Atlantic: young people are voting in ways that are markedly different from their elders. A great divide appears to have opened up, based not so much on income, education or gender as on the voters' generation.

  • News & article

    Wealth gap ushers in premature deaths

    News, Joseph Stiglitz, Published on 12/12/2015

    » This week, Angus Deaton will receive the Nobel Memorial Prize in Economics “for his analysis of consumption, poverty and welfare”. Deservedly so. Indeed, soon after the award was announced in October, Mr Deaton published some startling work with Ann Case in the Proceedings of the National Academy of Sciences — research that is at least as newsworthy as the Nobel ceremony.

  • News & article

    Young Americans 'Fed Up' with country's economy

    News, Joseph Stiglitz, Published on 16/09/2015

    » At the end of every August, central bankers and financiers from around the world meet in Jackson Hole, Wyoming, for the US Federal Reserve's economic symposium. This year, the participants were greeted by a large group of mostly young people, including many African- and Hispanic-Americans.

  • News & article

    Actions last year ensure more perils in 2012

    News, Joseph Stiglitz, Published on 17/01/2012

    » Last year 2011 will be remembered as the time when many ever-optimistic Americans began to give up hope. President John F Kennedy once said that a rising tide lifts all boats. But now, in the receding ebb, Americans are beginning to see not only that those with taller masts had been lifted far higher, but also that many of the smaller boats had been dashed to pieces in their wake.

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