Joseph E. Stiglitz is a senior fellow and chief economist at the Roosevelt Institute, university professor at Columbia University in New York, and chair of Columbia University’s Committee on Global Thought. He is also the co-founder and executive director of the Initiative for Policy Dialogue at Columbia. In 2001, he won the Nobel Prize in economics for his analyses of markets with asymmetric information, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize.
Stiglitz was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and its chairman from 1995-97. He was chief economist and senior vice president of the World Bank from 1997-2000. In 2008, he was appointed by French President Nicolas Sarkozy to chair a Commission on the Measurement of Economic Performance and Economic Progress. Stiglitz helped create a new branch of economics, “The Economics of Information,” exploring the consequences of information asymmetries and pioneering concepts including adverse selection and moral hazard, which have now become standard tools of theorists and policy analysts. His work has helped explain the circumstances in which markets do not work well and how selective government intervention can improve their performance.
His book, Globalization and Its Discontents, has been translated into 35 languages, besides at least two pirated editions. He is also the author of The Roaring Nineties, Towards a New Paradigm in Monetary Economics with Bruce Greenwald; Fair Trade for All with Andrew Charlton; Making Globalization Work; and The Three Trillion Dollar War: The True Cost of the Iraq Conflict, with Linda Bilmes; Freefall: America, Free Markets, and The Sinking of the World Economy; and The Price of Inequality: How Today’s Divided Society Endangers Our Future. His latest book is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress, with Bruce Greenwald.