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  • News & article

    More shock therapy for neoliberalism

    Oped, Joseph Stiglitz, Published on 09/04/2022

    » The fallout from Russia's invasion of Ukraine has reminded us of the unforeseeable disruptions constantly confronting the global economy. We have been taught this lesson many times. No one could have predicted the Sept 11, 2001, terrorist attacks, and few anticipated the 2008 financial crisis, the Covid-19 pandemic, or Donald Trump's election, which resulted in the United States turning toward protectionism and nationalism.

  • 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

    Looking to the future after Brexit fallout

    News, Joseph Stiglitz, Published on 09/07/2016

    » Digesting the full implications of the United Kingdom's "Brexit" referendum will take Britain, Europe and the world a long time. The most profound consequences will, of course, depend on the European Union's (EU) response to the UK's withdrawal.

  • 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

    Europe bombards Greek democracy

    News, Joseph Stiglitz, Published on 02/07/2015

    » The crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its creditors. In fact, European leaders are finally beginning to reveal the true nature of the ongoing debt dispute, and the answer is not pleasant: It is about power and democracy much more than money and economics.

  • News & article

    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.

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