INTERNATIONAL ECONOMICS
I Dissent: Unconventional Economic Wisdom
Joseph E. Stiglitz
Is “boom and bust” a permanent feature of the capitalist order? Do global markets need global regulation – and are today’s supranational institutions the right ones to provide it? Is the dream of a Third Way between today’s global capitalism and yesterday’s discredited socialism still alive?
...read more| RECENT COMMENTARIES | FEATURED COMMENTARIES | MOST READ COMMENTARIES |
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Capturing the ECB
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2012-02-06There are several explanations for the ECB’s insistence on a "voluntary" restructuring of Greece's sovereign debt, none of which speaks well for the institution. Indeed, as we have seen elsewhere, institutions that are not democratically accountable tend to be captured by special interests.... read Comments: 2 Recommended: 1 Read: 15138
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The Perils of 2012
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2012-01-12
The pragmatic commitment to growth that one sees in Asia and other emerging markets today stands in contrast to the West’s misguided policies, which, driven by ideology and vested interests, almost seem to reflect a commitment not to grow. As a result, global economic rebalancing is likely to accelerate, almost inevitably giving rise to political tensions.... read Comments: 22 Recommended: 3 Read: 72476
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What Can Save the Euro?
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2011-12-05It is increasingly evident that Europe’s political leaders, for all their commitment to the euro’s survival, do not have a good grasp of what is required to make the single currency work. Public-sector cutbacks today do not solve the problem of yesterday’s profligacy; they simply push economies into deeper recessions.... read Comments: 13 Recommended: 5 Read: 66701
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The Globalization of Protest
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 
2011-11-04
With globalization and modern technology, social movements can transcend borders as rapidly as ideas can. And social protest has found fertile ground everywhere: a sense that the “system” has failed, and the conviction that even in a democracy, the electoral process will not set things right – at least not without strong pressure from the street.... read Comments: 27 Recommended: 4 Read: 83861
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To Cure the Economy
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2011-10-03As the economic slump that began in 2007 persists, the question on everyone’s minds is obvious: Why? That is as it should be, because, unless we have a better understanding of the causes, we can’t implement an effective recovery strategy – and, so far, we have neither.... read Comments: 32 Recommended: 7 Read: 89688
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The Price of 9/11
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2011-09-01
The September 11, 2001, terror attacks by Al Qaeda were meant to harm the US, and they did, but in ways that Osama bin Laden probably never imagined. President George W. Bush’s response compromised America’s basic principles, undermined its economy, and weakened its security.... read Comments: 20 Recommended: 6 Read: 118545
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A Contagion of Bad Ideas
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2011-08-05There has been much concern about financial contagion between Europe and America. But the real problem stems from another form of contagion: bad ideas move easily across borders, and misguided economic notions on both sides of the Atlantic have been reinforcing each other.... read Comments: 18 Recommended: 3 Read: 77618
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The Ideological Crisis of Western Capitalism
Joseph E. Stiglitz Series: Unconventional Economic Wisdom
2011-07-06
The US economy's troubles should have taught Americans (and others) that they need greater equality,stronger regulation, and a better balance between the market and government. Instead, resurgent right-wing economics once again threatens the global economy – or at least Europe and America.... read Comments: 45 Recommended: 5 Read: 108592
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Choosing the IMF’s Next Leader
Joseph E. Stiglitz Series: Unconventional Economic Wisdom 2011-06-03Sooner than expected, the IMF will have a new managing director, and it will most likely be a European, as in the past. But whether the Fund's leader is selected in an open, transparent process, and continues to implement important governance reforms, is more important than who wins the post.... read Comments: 0 Recommended: 1 Read: 30846
| The IMF’s Switch in Time | Joseph E. Stiglitz 
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