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Results for tag:by Joseph E. Stiglitz

39 results

Europe’s Lapse of Reason

Published 08.01.2015
NEW YORK – At long last, the United States is showing signs of recovery from the crisis that erupted at the end of President George W. Bush’s administration, when the near-implosion of its financial system sent shock waves around the world. But...

Inequality and the American Child

Published 12.12.2014
NEW YORK – Children, it has long been recognized, are a special group. They do not choose their parents, let alone the broader conditions into which they are born. They do not have the same abilities as adults to protect or care for themselves....

Ebola and Inequality

Published 10.11.2014
NEW YORK – The Ebola crisis reminds us, once again, of the downside of globalization. Not only good things – like principles of social justice and gender equality – cross borders more easily than ever before; so do malign influences like...

The Age of Vulnerability

Published 13.10.2014
NEW YORK – Two new studies show, once again, the magnitude of the inequality problem plaguing the United States. The first, the US Census Bureau’s annual income and poverty report, shows that, despite the economy’s supposed recovery from the...

Europe’s Austerity Zombies

Published 28.09.2014
NEW YORK – “If the facts don’t fit the theory, change the theory,” goes the old adage. But too often it is easier to keep the theory and change the facts – or so German Chancellor Angela Merkel and other pro-austerity European leaders appear to...

Democracy in the Twenty-First Century

Published 01.09.2014
NEW YORK – The reception in the United States, and in other advanced economies, of Thomas Piketty’s recent book Capital in the Twenty-First Century attests to growing concern about rising inequality. His book lends further weight to the already...

Creating a Learning Society

Published 03.06.2014
NEW YORK – Citizens in the world’s richest countries have come to think of their economies as being based on innovation. But innovation has been part of the developed world’s economy for more than two centuries. Indeed, for thousands of years,...

Reforming China’s State-Market Balance

Published 02.04.2014
BEIJING – No country in recorded history has grown as fast – and moved as many people out of poverty – as China over the last thirty years. A hallmark of China’s success has been its leaders’ willingness to revise the country’s economic model...

The Innovation Enigma

Published 09.03.2014
NEW YORK – Around the world, there is enormous enthusiasm for the type of technological innovation symbolized by Silicon Valley. In this view, America’s ingenuity represents its true comparative advantage, which others strive to imitate. But...

Stagnation by Design

Published 06.02.2014
NEW YORK – 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...

Advanced Malaise

Published 07.01.2014
NEW YORK – Economics is often called the dismal science, and for the last half-decade it has come by its reputation honestly in the advanced economies. Unfortunately, the year ahead will bring little relief. Real (inflation-adjusted) per capita...

An Agenda to Save the Euro

Published 04.12.2013
NEW YORK – It has been three years since the outbreak of the euro crisis, and only an inveterate optimist would say that the worst is definitely over. Some, noting that the eurozone’s double-dip recession has ended, conclude that the austerity...

Five Years in Limbo

Published 08.10.2013
NEW YORK – When the US investment bank Lehman Brothers collapsed in 2008, triggering the worst global financial crisis since the Great Depression, a broad consensus about what caused the crisis seemed to emerge. A bloated and dysfunctional...

East Asia’s Lessons for Africa

Published 03.06.2013
NEW YORK – On June 1-3, Japan is hosting the fifth meeting of TICAD, the Tokyo International Cooperation on African Development. The meeting is a reminder that, while the rest of the world obsesses over Europe’s economic travails, America’s...

Lives versus Profits

Published 06.05.2013
NEW YORK – The United States Supreme Court recently began deliberations in a case that highlights a deeply problematic issue concerning intellectual-property rights. The Court must answer the following question: Can human genes – your genes – be...