Joseph Stiglitz

American economist, professor, and recipient of the Nobel Memorial Prize in Economics · United States · Academics · Born 1943 · age 83

Joseph Stiglitz is read about 628 times a day, in 69 languages.

A typical day, 30 days to 15 October 2026

The middle day of the days counted, so one week of news cannot move it. The line under it is the last 390 days, one point a day.

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The Nobel laureate who turned on the institutions he once led. Stiglitz spent years inside the World Bank and the White House, then became one of the sharpest critics of how globalization actually works - calling out what he named "free-market fundamentalism" and the IMF's playbook with the authority of someone who'd...

Academics Academic Economics Literature United States Americas 20th Century

A life in dates

2023Catalonia International PrizeAward2019“And it should be clear that, in spite of the increases in GDP, in spite of the 2008 crisis being well behind us, everything is not fine.”In their wordsNovember 2019"It's time to retire metrics like GDP. They don't measure everything that matters", The Guardian, November 2019Read the whole statement

Honorary Doctorate at École Normale Supérieure de LyonAward2018Sydney Peace PrizeAward2015Honorary Degree of HEC ParisAward2014Daniel Patrick Moynihan PrizeAward2013Global Economy PrizeAwardOfficer of the Legion of HonourAward2009Foreign Member of the Royal SocietyAward2007“The theories that I (and others) helped develop explained why unfettered markets often not only do not lead to social justice, but do not even produce efficient outcomes.”In their wordsJanuary 2007Interview on Bebbe Grillo's Blog, January 2007.Read the whole statement

2006Honorary Doctor of the Renmin University of ChinaAward2003Honorary doctor of the Catholic University of LouvainAward2001Honorary Doctor of the Charles University of PragueAward1994“At the core of the success of market economies are competition, markets, and decentralization.”In their wordsChap. 1 : The Theory of Socialism and the Power of Economic IdeasRead the whole statement

“Competition is limited by the scale of the market, and as the scale of the market has changed, so has the effectiveness of competition.”In their wordsChap. 2 : The Debate over Market Socialism: A First ApproachRead the whole statement

“It should be clear of course that for traders to have incentives to gather information required that information not be perfectly disseminated in the market.”In their wordsChap. 3 : Critique of the First Fundamental Theorem of Welfare EconomicsRead the whole statement

1993“Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.”In their wordsEconomics (1993).Read the whole statement

1979John Bates Clark MedalAward1973Fellow of the Econometric SocietyAward1967Fulbright ScholarshipAward1943Born9 February 1943

Also in Deutsch

Photos 8

Joseph E. Stiglitz, 2019 (cropped)

13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185021842

13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185043277

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13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185731046

13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185731061

13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185731111

13.09.2023 - Prêmio Nobel de Economia e Professor Joseph Stiglitz - 53185752026

In their own words 10

Joseph Stiglitz

10 statements, newest first

And it should be clear that, in spite of the increases in GDP, in spite of the 2008 crisis being well behind us, everything is not fine.
Nov 2019, "It's time to retire metrics like GDP. They don't measure everything that matters", The Guardian, November 2019, Own words
The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.
Sep 16, 2008, Interview with Nathan Gardels, The Huffington Post, September 16th 2008, Own words
The theories that I (and others) helped develop explained why unfettered markets often not only do not lead to social justice, but do not even produce efficient outcomes.
Jan 2007, Interview on Bebbe Grillo's Blog, January 2007., Own words

Wikiquote, CC BY-SA 4.0

Awards

Catalonia International Prize2023

Honorary Doctorate at École Normale Supérieure de Lyon2019

Honorary Doctorate from Sciences Po2019

Sydney Peace Prize2018

Paul A. Volcker Lifetime Achievement Award for Economic Policy2017

Honorary Degree of HEC Paris2015

Daniel Patrick Moynihan Prize2014

Honorary Doctor of Harvard University2014

Global Economy Prize2013

Honorary Doctor of Paris Dauphine University2013

Officer of the Legion of Honour2013

Gerald Loeb Award2010

Foreign Member of the Royal Society2009

Manpower-HEC price2007

Honorary Doctor of the Renmin University of China2006

Honorary doctor of the Catholic University of Louvain2003

Honorary Doctor of the Charles University of Prague2001

Prize in Economic Sciences in Memory of Alfred Nobel2001

H. C. Recktenwald Prize in Economics1997

John Bates Clark Medal1979

Fellow of the Econometric Society1973

Guggenheim Fellowship1969

Fulbright Scholarship1967

Fellow of the British Academy

Fisher-Schultz Lecture

Grotius Lectures

In their orbit

Spouse: Anya Schiffrin

About this person

Born February 9, 1943, Stiglitz collected the John Bates Clark Medal in 1979 and the Nobel in economics in 2001, building a career on income distribution and market failures. He served as chief economist of the World Bank and chaired the U.S. Council of Economic Advisers before breaking with orthodoxy. In 2000 he founded the Initiative for Policy Dialogue at Columbia, where he's held the rank of university professor since 2003. He chaired a U.N. commission on financial reform in 2009, led a French commission that produced "Mismeasuring our Lives" in 2010, and served as president of the International Economic Association from 2011 to 2014. Time named him one of the hundred most influential people in 2011. His recent books - "The Great Divide," "The Euro," "People, Power, and Profits," "The Road to Freedom" - keep pressing the same nerve: that the rules were written by the wrong people. He's now the fifth most-cited economist on college syllabi, teaching a generation to question the systems he once helped build.

Country

United States

In common with Joseph

Noam ChomskyAlso in Four Horsemen (2012)

Thomas PikettyAlso in Tax Wars (2024)

John PerkinsAlso in Four Horsemen (2012)

Gabriel ZucmanAlso in Tax Wars (2024)

Eva JolyAlso in Tax Wars (2024)

Paul KrugmanBoth received H. C. Recktenwald Prize in Economics

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