THE CHANGING PARADIGM IN GLOBAL MARKETS
Executive Director and Cofounder, Initiative for Policy Dialogue and University Professor, Finance and Economics
Joseph Stiglitz is a renowned scholar and teacher of a new branch of economics that he created, the “Economics of Information.” He also helped pioneer such pivotal concepts as theories of adverse selection and moral hazard, which have become standard tools of policy analysts and economic theorists. Recognized around the world as a leading economic educator, he has written textbooks that have been translated into several dozen languages.
The winner of the 2001 Nobel Prize in Economics, Professor Stiglitz was chairman of the US Council of Economic Advisers under President Clinton and chief economist and senior vice president of the World Bank from 1997 to 2000.
Professor Stiglitz received the John Bates Clark Medal, awarded annually to the American economist under 40 who has made the most significant contribution to the subject. Professor Stiglitz was a Fulbright Scholar at Cambridge University, held the Drummond Professorship at All Souls College at Oxford University, and has also taught at MIT, Yale, Stanford, and Princeton. His most recent book, coauthored with Bruce Greenwald, is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (Columbia University Press, 2014).