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  • BUSINESS

    Beyond secular stagnation

    Business, Joseph Stiglitz, Published on 08/09/2018

    » The term "secular stagnation" became popular in the United States as World War II was drawing to a close. Economist Alvin Hansen (and many others) worried that, without the stimulation provided by the war, the economy would return to recession or depression. There was, it seemed, a fundamental malady.

  • OPINION

    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.

  • OPINION

    Davos fails to deliver an antidote for toxic problems

    News, Joseph Stiglitz, Published on 05/02/2018

    » I've been attending the World Economic Forum's annual conference in Davos, Switzerland -- where the so-called global elite convenes to discuss the world's problems -- since 1995. Never have I come away more dispirited than I have this year.

  • OPINION

    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.

  • OPINION

    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.

  • BUSINESS

    Trumpian uncertainty clouds crystal ball

    Business, Joseph Stiglitz, Published on 17/01/2017

    » Every January, I try to craft a forecast for the coming year. Economic forecasting is notoriously difficult; but, notwithstanding the truth expressed in former US president Harry Truman's request for a one-armed economist (who wouldn't be able to say "on the other hand"), my record has been credible.

  • BUSINESS

    What America's Economy Needs from Trump

    Business, Joseph Stiglitz, Published on 21/11/2016

    » Donald Trump's astonishing victory in the United States presidential election has made one thing abundantly clear: too many Americans feel left behind. It is not just a feeling; many Americans really have been left behind. It can be seen in the data no less clearly than in their anger. And an economic system that doesn't "deliver" for large parts of the population is a failed economic system. So what should President-elect Trump do about it?

  • BUSINESS

    A better economic plan for Japan

    Business, Joseph Stiglitz, Published on 26/09/2016

    » It's been a quarter-century since Japan's asset bubble burst -- and a quarter-century of malaise as one "lost decade" has followed another. Some of the criticism of its economic policies is unwarranted. Growth is not an objective in itself; we should be concerned with standards of living.

  • BUSINESS

    Reform or divorce to cure euro zone malaise

    Business, Joseph Stiglitz, Published on 29/08/2016

    » To say that the euro zone has not been performing well since the 2008 crisis is an understatement. Its member countries have done more poorly than the European Union countries outside the euro zone, and much more poorly than the United States, which was the epicentre of the crisis.

  • OPINION

    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?

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