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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.
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.