Joseph E. Stiglitz

Executive Director and Co-founder

Initiative for Policy Dialogue

Professor

Finance and Economics

Professor

Heilbrunn Center for Graham and Dodd Investing

BA Amherst College, 1964; PhD, Massachusetts Institute of Technology, 1967

Joined CBS in 2001

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Joseph Stiglitz

Office
212 Uris

Phone
212-854-0671

E-mail
jes322@columbia.edu

Fax
212-662-8474

Teaching and research interest

Professor Stiglitz accepted a joint appointment to a chaired professorship at Columbia Business School, the Graduate School of Arts and Sciences (in the Department of Economics) and the School of International and Public Affairs in the spring of 2001. He was the first Joel M. Stern Faculty Scholar at Columbia Business School from Fall 1999 until Spring 2001. From 1997 to 2000, he served as the World Bank's Chief Economist and Senior Vice President, Development Economics. Prior to that, he served on President Clinton's economic team as a member of the U.S. Council of Economic Advisors from 1993 to 1995 and as its Chairman from 1995 to 1997.

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 now become standard tools of policy analysts, as well as economic theorists. Recognized around the world as a leading economic educator, he has written textbooks that have been translated into several dozen languages.

Stiglitz was a Fulbright Scholar and a Tapp Junior Research Fellow at Cambridge University in 1970. He became a fellow of the Econometric Society at the age of 29 and is a member of the National Academy of Science. He is also the recipient of the prestigious John Bates Clark Medal, awarded every two years to the American economist under the age of 40 who has made the most significant contributions to the subject. In 2001, he was awarded the Nobel Prize in Economics for the analysis of markets with asymmetric information.

Chapters

The Overselling of Globalization In Globalization: What's New (2005)
Author(s): Joseph Stiglitz

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Edmund S. Phelps and Modern Macroeconomics In Knowledge, Information and Expectations in Modern Macroeconomics (2003)
Author(s): Philippe Aghion, Roman Frydman, Joseph Stiglitz, Michael Woodford

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Competition and Competitiveness in a New Economy In Competition and Competitiveness in a New Economy (2002)
Author(s): Joseph Stiglitz

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Franchise Value and the Dynamics of Financial Liberalization In Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe (2002)
Author(s): Thomas Hellmann, Kevin Murdock, Joseph Stiglitz

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Globalization and the Logic of International Collective Action: Re-Examining the Bretton Woods Institutions In Governing Globalization: Issues and Institutions (2002)
Author(s): Joseph Stiglitz

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Information and the Change in the Paradigm in Economics (Les Prix Nobels) In Les Prix Nobel: The Nobel Prizes 2001 (2001)
Author(s): Joseph Stiglitz

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On Liberty, the Right to Know, and Public Discourse: The Role of Transparency in Public Life In The Rebel Within (2001)
Author(s): Joseph Stiglitz

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Redefining the Role of the State In The Rebel Within (2001)
Author(s): Joseph Stiglitz

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Rethinking Pension Reform: Ten Myths About Social Security Systems In New Ideas About Old Age Security (2001)
Author(s): Peter Orszag, Joseph Stiglitz

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The Role of International Financial Institutions in the Current Global Economy In The Rebel Within (2001)
Author(s): Joseph Stiglitz

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Modern Economic Theory and Development In Frontiers of Development Economics: The Future in Perspective (2000)
Author(s): Joseph Stiglitz

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Scan Globally, Reinvent Locally: Knowledge Infrastructure and the Localization of Knowledge In Banking on Knowledge: The Genesis of the Global Development Network (2000)
Author(s): Joseph Stiglitz

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More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus In Development Issues in the 21st Century (1999)
Author(s): Joseph Stiglitz

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Journal articles

On Selective Indirect Tax Reform in Developing Countries In Journal of Public Economics (2005)
Author(s): M. Shahe Emran, Joseph Stiglitz

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Capital Market Liberalization, Globalization, and the IMF In Oxford Review of Economic Policy (2004)
Author(s): Joseph Stiglitz

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Evaluating Economic Change In Daedalus (2004)
Author(s): Joseph Stiglitz

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Information and the Change in the Paradigm in Economics In American Economist (2004)
Author(s): Joseph Stiglitz

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Globalization and Growth in Emerging Markets and the New Economy In Journal of Policy Modeling (2003)
Author(s): Joseph Stiglitz

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Democratizing the International Monetary Fund and the World Bank: Governance and Accountability In Governance (2003)
Author(s): Joseph Stiglitz

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Dealing with Debt: How to Reform the Global Financial System In Harvard International Review (2003)
Author(s): Joseph Stiglitz

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Globalization and the Economic Role of the State in the New Millennium In Industrial and Corporate Change (2003)
Author(s): Joseph Stiglitz

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Financial Market Stability and Monetary Policy In Pacific Economic Review (2002)
Author(s): Joseph Stiglitz

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Capital Market Liberalization and Exchange Rate Regimes: Risk Without Reward In Annals of the American Academy of Political and Social Science (2002)
Author(s): Joseph Stiglitz

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Employment, Social Justice, and Societal Well-Being In International Labour Review (2002)
Author(s): Joseph Stiglitz

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New Perspectives on Public Finance: Recent Achievements and Future Challenges In Journal of Public Economics (2002)
Author(s): Joseph Stiglitz

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Participation and Development: Perspectives from the Comprehensive Development Paradigm In Review of Development Economics (2002)
Author(s): Joseph Stiglitz

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Failure of the Fund: Rethinking the IMF Response In Harvard International Review (2001)
Author(s): Joseph Stiglitz

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Not Poles Apart: 'Whither Reform?' and 'Whence Reform?' In Journal of Policy Reform (2001)
Author(s): Joseph Stiglitz, David Ellerman

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Principles of Financial Regulation: A Dynamic Approach In World Bank Research Observer (2001)
Author(s): Joseph Stiglitz

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The Contributions of the Economics of Information to Twentieth Century Economics In Quarterly Journal of Economics (2000)
Author(s): Joseph Stiglitz

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Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough? In American Economic Review (2000)
Author(s): Thomas Hellmann, Kevin Murdock, Joseph Stiglitz

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Credit and Equity Rationing in Markets with Adverse Selection In European Economic Review (2000)
Author(s): Thomas Hellmann, Joseph Stiglitz

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Capital Market Liberalization, Economic Growth and Instability In World Development (2000)
Author(s): Joseph Stiglitz

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Democratic Development as the Fruits of Labor In Perspectives on Work (2000)
Author(s): Joseph Stiglitz

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New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies In Zagreb International Review of Economics and Business (2000)
Author(s): Joseph Stiglitz, David Ellerman

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Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold In World Economy (1999)
Author(s): Joseph Stiglitz

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Books

Sovereign Wealth Funds and Long-Term Investing (2011)
Author(s): Patrick Bolton, Frederic Samama, Joseph Stiglitz

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Fair Trade for All: How Trade Can Promote Development (2005)
Author(s): Joseph Stiglitz, Andrew Charlton

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The Roaring Nineties: A New History of the World's Most Prosperous Decade (2003)
Author(s): Joseph Stiglitz

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Towards a New Paradigm in Monetary Economics (2003)
Author(s): Joseph Stiglitz, Bruce Greenwald

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Globalization and Its Discontents (2002)
Author(s): Joseph Stiglitz

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Working Papers

The Transition from Communism: A Diagrammatic Exposition of Obstacles to the Demand for the Rule of Law Policy Research Working Paper Series 3352 (2005)
Author(s): Karla Hoff, Joseph Stiglitz

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Price Neutral Tax Reform with an Informal Economy Economics Working Paper Archive at WUSTL (2004)
Author(s): M. Shahe Emran, Joseph Stiglitz

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After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies Columbia University Department of Economics Discussion Paper and NBER Working Paper 9282 (2002)
Author(s): Karla Hoff, Joseph Stiglitz

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