Ranked #22 in 2009.
Recipient of the Nobel Memorial Prize in Economic Sciences, 2001.
Named by Time as one of the 100 most influential people in the world, in 2011.
Stiglitz is known for his critical views of the management of globalization, of laissez-faire economists (who he calls “free-market fundamentalists”), and of international institutions such as the IMF and the World Bank. A supporter of Georgist public finance theory, his work focuses on income distribution, asset risk management, corporate governance, and international trade. Stiglitz’ research on the technique of screening, which contributed to the theory of information asymmetry, led to him sharing the Nobel Prize in economics in 2001. Most of his work on information economics demonstrates situations in which incomplete information prevents markets from achieving social efficiency.
A full professor at Columbia University since 2003, Stiglitz is a former vice president and chief economist of the World Bank. He is also a former member and chairman of the Council of Economic Advisers. In 2000, he founded the think tank Initiative for Policy Dialogue (IPD) and from 2011 to 2014, he was president of the International Economic Association (IEA). After gaining his PhD from MIT in 1967, Stiglitz continued as a research fellow at Cambridge University, where he won a Tapp Junior Research Fellowship. He later had academic positions at Yale, Stanford, Oxford – where he was Drummond professor of political economy – and Princeton.
Globalization and its Discontents (Penguin, 2002); Making Globalization Work: The Next Steps to Global Justice (Penguin, 2007); Freefall: Free Markets and the Sinking of the Global Economy (Penguin, 2010);The Price of Inequality (Penguin, 2013); The Great Divide: Unequal Societies and What We Can Do about Them (WW Norton, 2016); The Euro: How a Common Currency Threatens the Future of Europe (WW Norton, 2016); Rewriting the Rules of the American Economy (WW Norton, 2015); People, Power, and Profits: Progressive Capitalism for an Age of Discontent (WW Norton, 2019); Rewriting the Rules of the European Economy (WW Norton, 2020); Measuring What Counts: The Global Movement for Well-Being (with Jean-Paul Fitoussi and Martine Durand, New Press, 2020).
“Pioneering work on asymmetric information, income distribution, risk and globalization.”
Stuart Crainer & Des Dearlove, Thinkers50