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Joseph E. Stiglitz

Joseph E. Stiglitz

Writing for PS since 2001
319 commentaries
3 videos & podcasts

Joseph E. Stiglitz, a Nobel laureate in economics and University Professor at Columbia University, is a former chief economist of the World Bank (1997-2000), chair of the US President’s Council of Economic Advisers, and co-chair of the High-Level Commission on Carbon Prices. He is a member of the Independent Commission for the Reform of International Corporate Taxation and was lead author of the 1995 IPCC Climate Assessment.

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  1. Another Predictable Bank Failure
    stiglitz316_NOAH BERGERAFP via Getty Images_siliconvalleybank Noah Berger/AFP via Getty Images

    Another Predictable Bank Failure

    Mar 13, 2023 Joseph E. Stiglitz blames US policymakers and regulators for the collapse of a financial mainstay of Silicon Valley.

  2. Who Stands for Freedom?
    stiglitz315_Paul WeaverSOPA ImagesLightRocket via Getty Images_freedomUSprotest Paul Weaver/SOPA Images/LightRocket via Getty Images

    Who Stands for Freedom?

    Feb 24, 2023 Joseph E. Stiglitz urges social democrats to reclaim the concept of liberty from advocates of unfettered markets.

  3. How Not to Fight Inflation
    stiglitz314_ Drew AngererGetty Images_jeromepowell Drew Angerer/Getty Images

    How Not to Fight Inflation

    Jan 26, 2023 Joseph E. Stiglitz sees little upside and much downside to further monetary-policy tightening by the US Federal Reserve.

  4. The Road to Fascism
    stiglitz311_Win McNamee_Getty Images Win McNamee/Getty Images

    The Road to Fascism

    Dec 12, 2022 Joseph E. Stiglitz fears that economic policymakers will make a bad global situation worse, sowing the seeds of resentment.

  5. All Pain and No Gain from Higher Interest Rates
    stiglitz313_FREDERIC J. BROWNAFP via Getty Images_USgas Frederic J. Brown/AFP via Getty Images

    All Pain and No Gain from Higher Interest Rates

    Dec 8, 2022 Joseph E. Stiglitz explains why the current demand-focused approach to taming inflation is all wrong.

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  1. rogoff235_Tom WilliamsCQ-Roll Call, Inc via Getty Images_chewtiktokcongress Tom Williams/CQ-Roll Call, Inc via Getty Images
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    Tick TikTok Goes Globalization

    Kenneth Rogoff

    The bipartisan push to ban TikTok in the US reflects both the growing distrust of China and lawmakers’ limited understanding of the tech world. While there are legitimate national-security concerns associated with the platform, a US ban could end up accelerating deglobalization.

     thinks efforts to restrict American users’ access to the app are hypocritical and counterproductive.
  2. acemoglu58_Chris McGrathGetty Images_turkeyearthquake Chris McGrath/Getty Images
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    To Reconstruct Turkey, Rebuild Its Democracy

    Daron Acemoglu & Cihat Tokgöz

    Turkey's massive death toll from the earthquakes in February attests to a much larger problem. From an overly powerful construction lobby and endemic corruption to the steady erosion of democratic institutions, it is clear that the country now needs a thorough political and economic transformation.

     think the country needs not just a new government but a broader economic and political transformation.
  3. mody28_ NOAH SEELAMAFP via Getty Images_india unemployment NOAH SEELAM/AFP via Getty Images
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    India’s Boom Is a Dangerous Myth

    Ashoka Mody dismantles the hype around a rosy economic narrative that is actually becoming bleaker by the day.
  4. basu90_ContributorGetty Images_putin icc Contributor/Getty Images
    1

    Halting the Authoritarian Drift

    Kaushik Basu considers the dynamics that lead political leaders down the road to tyranny, paranoia, and aggression.
  5. khrushcheva165_SERGEI KARPUKHINSPUTNIKAFP via Getty Images_xiputin Sergei Karpukhin/Sputnik/AFP via Getty Images
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    Xi’s the Boss

    Nina L. Khrushcheva says the Chinese leader's recent visit to Moscow was intended, first and foremost, to show who is in charge.
  6. pisaniferry143_FABRICE COFFRINIAFP via Getty Images_johnkerrychina Fabrice Coffrini/AFP via Getty Images
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    Can “Cooperative Rivalry” Work?

    Jean Pisani-Ferry worries that America and China will be unable to find common ground on preserving the global commons.
  7. rajan82_BRENDAN SMIALOWSKIPOOLAFP via Getty Images_jeromepowell Brendan Smialowski/Pool/AFP via Getty Images
    8

    The Fed’s Role in the Bank Failures

    Raghuram G. Rajan & Viral V. Acharya show how the US central bank's liquidity policies created the conditions for runs on uninsured deposits.
  8. velasco135_Nancy LaneMediaNews GroupBoston Herald via Getty Images_bank run Nancy Lane/MediaNews Group/Boston Herald via Getty Images
    1

    Policymakers Keep Solving the Wrong Banking Problem

    Andrés Velasco argues that recent market turmoil has revealed that the sector’s main vulnerability is unavoidable.
  9. ito25_Chip SomodevillaGetty Images_yellen Chip Somodevilla/Getty Images
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    An Insolvency Iceberg?

    Takatoshi Ito considers the risk that other banks will experience liquidity problems as interest rates continue to rise.

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