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Joseph Stiglitz. 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]
Joseph E. Stiglitz. The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001. Born: 9 February 1943, Gary, IN, USA. Affiliation at the time of the award: Columbia University, New York, NY, USA. Prize motivation: “for their analyses of markets with asymmetric information”. Prize share: 1/3.
Biographical. I was born in Gary, Indiana, at the time, a major steel town on the southern shores of Lake Michigan, on February 9, 1943. Both of my parents were born within six miles of Gary, early in the century, and continued to live in the area until 1997. I sometimes thought that my peregrinations made up for their stability.
- Early Life and Education
- Information Asymmetry
- Risk Aversion
- Monopolistic Competition
- Honors and Awards
- The Bottom Line
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.
Jun 28, 2024 · June 26, 2024, 7:23 AM UTC (CBS) 16 Nobel Prize-winning economists warn that Trump's economic plans could reignite inflation. Joseph E. Stiglitz (born February 9, 1943, Gary, Indiana, U.S.) is an American economist who, with A. Michael Spence and George A. Akerlof, won the Nobel Prize for Economics in 2001 for laying the foundations for the ...
Interview with the 2001 Laureates in Economic Sciences, George A. Akerlof, A. Michael Spence and Joseph E. Stiglitz, on 12 December 2001. Interviewers are Professor Karl-Gustaf Löfgren and Anne-Sophie Crepin, graduate student, Umeå University. The Laureates talk about why they started studying economics, asymmetric information (5:22), their ...
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1 CURRICULUM VITAE JOSEPH E. STIGLITZ Born February 9th, 1943 Address Uris Hall, Room 212 Columbia University 3022 Broadway New York, NY 10027 Phone: (212) 854-0671 Fax: (212) 662-8474
