Showing 1 - 8 of 8
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.
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.
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.
Solidarity key to Europe's future
News, Joseph Stiglitz, Published on 09/06/2015
» European Union leaders continue to play a game of brinkmanship with the Greek government. Greece has met its creditors' demands far more than halfway. Yet Germany and Greece's other creditors continue to demand that the country sign on to a programme that has proven to be a failure, and that few economists ever thought could, would, or should be implemented.
Unravelling the innovation enigma
News, Joseph Stiglitz, Published on 14/03/2014
» Around the world, there is enormous enthusiasm for the type of technological innovation symbolised by Silicon Valley. In this view, America’s ingenuity represents its true comparative advantage, which others strive to imitate. But there is a puzzle: It is difficult to detect the benefits of this innovation in GDP statistics.
Secular stagnation setting in
News, Joseph Stiglitz, Published on 18/02/2014
» Soon after the global financial crisis erupted in 2008, I warned that unless the right policies were adopted, Japanese-style malaise — slow growth and near-stagnant incomes for years to come — could set in. While leaders on both sides of the Atlantic claimed that they had learned the lessons of Japan, they promptly proceeded to repeat some of the same mistakes. Now, even a key former United States official, the economist Larry Summers, is warning of secular stagnation.
Inequality threatens global stability
News, Joseph Stiglitz, Published on 12/02/2013
» In the shadow of the euro crisis and America's fiscal cliff, it is easy to ignore the global economy's long-term problems. But, while we focus on immediate concerns, they continue to fester, and we overlook them at our peril.
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.