Joseph E. Stiglitz
| Price: $ 25.95
With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States.
This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost.
Joseph E. Stiglitz witnessed the policymaking process firsthand as a member and then chairman of Bill Clinton's Council of Economic Advisers. His book Globalization and Its Discontents has been translated into twenty-eight languages. He holds joint professorships at Columbia University's Economics Department, School of International and Public Affairs, and Business School, and was awarded the 2001 Nobel Prize in Economics. He lives in New York City.
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