Joseph Stiglitz
Hello readers, I am Joseph Stiglitz. I am an American Economist and I teach in Columbia University. I had won the Nobel Prize Award for Economic Science.
Here is my life story-
I was born in Gary, Indiana. I lived in Gary from February 9, 1943 (my birthday) till 1997, which is a really long time. However I feel that it is a good thing as it strengthens my family members' relationship between each other.
I was born in a family which political issues were often discussed, and we had some big debate sometimes. Although my parents have different view on parties, it did not really affect me as I just gained more knowledge from them. My uncle was a highly successful lawyer and real estate entrepreneur. These are some of the factors why I am into the field of economic. Later, I studied at Massachusetts Institute of Technology or also known as M.I.T.
Currently I am a member of Collegium International , a group of leaders with political, scientific or ethical ideas that aim at a same goal- to provide alternate solution to solve modern issues in a peaceful way to sustain the world as we known.
In 2011, I was named by Foreign Policy magazine on top global thinkers! Thank You!
I was first influenced by the first Nobel Prize winner, Paul Samuelson (also from Gary) to study the field of economic. Later other economists wrote about me being the best economist from Gary, Indiana since I often express the poverty, discrimination and unemployment.
Later in life, I was mainly being influenced by perhaps one of the most famous economist in the history of Economic, John Maynard Keynes. I am very supportive of his idea of government intervention of markets, because his ideas are able to solve the problems of inequality and poverty in the world. And because of Mr Keynes, I am particularly focus on the macroeconomic policy, and maybe sometimes microeconomic.
Here is my life story-
I was born in Gary, Indiana. I lived in Gary from February 9, 1943 (my birthday) till 1997, which is a really long time. However I feel that it is a good thing as it strengthens my family members' relationship between each other.
I was born in a family which political issues were often discussed, and we had some big debate sometimes. Although my parents have different view on parties, it did not really affect me as I just gained more knowledge from them. My uncle was a highly successful lawyer and real estate entrepreneur. These are some of the factors why I am into the field of economic. Later, I studied at Massachusetts Institute of Technology or also known as M.I.T.
Currently I am a member of Collegium International , a group of leaders with political, scientific or ethical ideas that aim at a same goal- to provide alternate solution to solve modern issues in a peaceful way to sustain the world as we known.
In 2011, I was named by Foreign Policy magazine on top global thinkers! Thank You!
I was first influenced by the first Nobel Prize winner, Paul Samuelson (also from Gary) to study the field of economic. Later other economists wrote about me being the best economist from Gary, Indiana since I often express the poverty, discrimination and unemployment.
Later in life, I was mainly being influenced by perhaps one of the most famous economist in the history of Economic, John Maynard Keynes. I am very supportive of his idea of government intervention of markets, because his ideas are able to solve the problems of inequality and poverty in the world. And because of Mr Keynes, I am particularly focus on the macroeconomic policy, and maybe sometimes microeconomic.
My major publications and ideas
I have written many books, but perhaps "Price of Inequality" is the most well-known book written by me. This is book is about an argument against America's growing inequality. America has the most inequality, and the least equality of opportunity, and I want to express the issues and giving some solutions to the problem. The book hits the 'The New York Times best seller list'.
My major influence is more on macroeconomic, which can be on income distribution , risk management, corporate governance, government intervention and international trade.I also did research on efficiency wages, and I had explained why there is unemployment even in equilibrium, and how 'unemployment is driven by the information structure of employment'.
I think that Government Intervention is desirable because the reason is very simple- "there are large macroeconomic externalities associated with these capital flows. They can result in exchange rate fluctuations, imposing large costs on exporters and importers." To read more, click the link
http://www.emergingmarkets.org/Article/3266187/JOSEPH-STIGLITZ-Government-intervention-is-desirable.html
The market failures in this market are pervasive. There will need to be government intervention in one form or another.
My major influence is more on macroeconomic, which can be on income distribution , risk management, corporate governance, government intervention and international trade.I also did research on efficiency wages, and I had explained why there is unemployment even in equilibrium, and how 'unemployment is driven by the information structure of employment'.
I think that Government Intervention is desirable because the reason is very simple- "there are large macroeconomic externalities associated with these capital flows. They can result in exchange rate fluctuations, imposing large costs on exporters and importers." To read more, click the link
http://www.emergingmarkets.org/Article/3266187/JOSEPH-STIGLITZ-Government-intervention-is-desirable.html
The market failures in this market are pervasive. There will need to be government intervention in one form or another.
Great Economist Influenced
Paul Krugman a.k.a Krugtron! He is an American Economist that won Nobel Memorial Prize, because he has contributed a lot of ideas to New Economic Geography. He also agrees with Keynes' idea and how government intervention should be used in market.