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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.

  • 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.

  • BUSINESS

    Brexit lesson for Europe: address the concerns of citizens

    Business, Joseph Stiglitz, Published on 11/07/2016

    » Digesting the full implications of the UK's "Brexit" referendum will take Britain, Europe, and the world a long time. The most profound consequences will, of course, depend on the EU's response to the UK's withdrawal. Most people initially assumed that the EU would not "cut off its nose to spite its face": after all, an amicable divorce seems to be in everyone's interest. But the divorce -- as many do -- could become messy.

  • BUSINESS

    What's Holding Back the World Economy?

    Business, Joseph Stiglitz, Published on 15/02/2016

    » Seven years after the global financial crisis in 2008, the world economy continued to stumble in 2015. According to the UN report "World Economic Situation and Prospects 2016", the average growth rate in developed economies has declined by more than 54% since the crisis. Some 44 million people are unemployed in developed nations, about 12 million more than in 2007, while inflation has reached its lowest level since the crisis.

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