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Joseph Eugene Stiglitz ( / ˈstɪɡlɪts /; born February 9, 1943) is an American New Keynesian economist, [2] a public policy analyst, political activist, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) [3] and the John Bates Clark Medal (1979). [4]
Learn about the life and achievements of Joseph E. Stiglitz, an American economist and Nobel laureate. He is a professor at Columbia University, a former World Bank chief economist, and a prolific author on globalization, inequality, and policy.
Learn about the life and achievements of Joseph E. Stiglitz, the 2001 Nobel Prize winner in economic sciences. Read his biography, from his childhood in Gary, Indiana, to his education at Amherst and MIT, to his career as a professor and policy adviser.
- Early Life and Education
- Information Asymmetry
- Risk Aversion
- Monopolistic Competition
- Honors and Awards
- The Bottom Line
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Joseph Stiglitz was born in Gary, Indiana on Feb. 9, 1943. He earned a bachelor's degree from Amherst College in 1964 and became a research fellow at the University of Cambridge as a Fulbright scholar. Stiglitz earned a Ph.D. from the Massachusetts Institute of Technology in 1967. He has taught at Stanford, Princeton, and MIT. Under President Clint...
Joseph Stiglitz helped create an area of study known as information economics, a branch of microeconomicsthat studies how information and information systems affect an economy and economic decisions. His research on information asymmetry helped earn Stiglitz the 2001 Nobel Prize in economics. Information Asymmetryis an imbalance of information betw...
Joseph Stiglitz's study of risk aversion helped define how individuals make decisions to save and spend money. According to Stiglitz, when uncertainty exists in a situation, economic consequences depend on whether one course of action is riskier than another or if one individual is more risk-averse than another.His theories explain the consequences...
Stiglitz defined the theory of monopolistic competition, as a market structure where many companies are present in an industry that produce similar but differentiated products. None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies. In monopolistic competition, advertising an...
Joseph Stiglitz has received extensive recognition for his work in economics. In 1979, Joseph E. Stiglitz received the John Bates Clark Medal, an award given to economists under forty who have made substantial contributions to the field of the economic sciences in the United States. In 2001, he was awarded the Nobel Prize in economicsfor his work o...
Joseph Stiglitz is a renowned economist who defined information economics. His theories in information asymmetry, risk aversion, and monopolistic competition have created tools used by industry and policy makers.
Learn about Joseph Stiglitz, an American economist who won the Nobel Prize for his work on information asymmetry. Find out his education, career, achievements, and views on topics such as climate change, monopolistic competition, and R&D.
Learn about Joseph Stiglitz, a Nobel laureate in Economics and a professor at Columbia Business School, the Graduate School of Arts and Sciences, and the School of International and Public Affairs. Find out his areas of expertise, education, research, teaching, and press activities.
Learn about the Nobel laureate economist, his appointments, publications, and activism. Find his articles, speeches, papers, and amicus briefs on topics such as taxation, trade, climate, and inflation.
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Joseph Eugene Stiglitz, ForMemRS, FBA (born February 9, 1943) is an American economist and a professor of Jewish descent. He works at Columbia University . He won the Nobel Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank, and is a former member ...
