Joseph E. Stiglitz Joseph Stiglitz (born February 9, 1943) is an American economist, author and winner of The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (2001). He is probably the most famous contemporary left-leaning economist. Early life Stiglitz was born in Gary, Indiana, to Charlotte and Nathaniel Stiglitz. From 1960 to 1963, he studied at Amherst College. He went to MIT for his fourth year as an undergraduate and later to pursue graduate work. From 1965 to 1966, he studied at Cambridge University after receiving a Fulbright Fellowship. In subsequent years, he taught at MIT and Yale. Professional life Stiglitz rawwiki_inboundrently teaches at the Graduate School of Business at Columbia University and is editor of The Economists' Voice journal with Bradford DeLong and Aaron Edlin. He is a member of the Board of Advisors of the Oxford Council on Good Governance. In addition to making numerous influential contributions to microeconomics, Stiglitz has played number of policy roles. He served in the Clinton Administration as the chair of the President's Council of Economic Advisors (1995 – 1997). At the World Bank, he served as Senior Vice President and Chief Economist (1997 – 2000), before he was forced out by Treasury Secretary Lawrence Summers. Stiglitz' most famous research was on screening, a technique used by one economic agent to extract otherwise private information from another. It was for this contribution to the theory of information asymmetries that he shared the Nobel prize with George A. Akerlof and A. Michael Spence. Along with his technical economic publications, Stiglitz is the author of Whither Socialism, a nonmathematical book providing an introduction to the theories behind economic socialism's failure in Eastern Europe, the role of imperfect information in markets, and misconceptions about how truly "free market" our free market capitalist system operates. In 2002, he wrote Globalization and Its Discontents, where he asserts that the International Monetary Fund puts the interest of "its largest shareholder," the United States, above those of the poorer nations it was designed to serve. Stiglitz offers some reasons why globalization has engendered the hostility of protesters, such as those at Seattle and Genoa. Personal information Stiglitz's first two marriages ended in divorce. He was married for the third time on October 29, 2004, to Anya Schiffrin, who works at the School of International and Public Affairs at Columbia University. Quotations April 2001 — on the International Monetary Fund "When a nation is down and out, the IMF takes advantage and squeezes the last pound of blood out of them. They turn up the heat until, finally, the whole cauldron blows up. It has condemned people to death. They don't care if people live or die. The policies undermine democracy...it's a little like the Middle Ages or the Opium Wars" (Greg Palast, The Best Democracy Money Can Buy, p.50-53) External links Joseph Stiglitz's homepage The Economists' Voice Autobiographical essay in acceptance of the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel Robert Wade, US Hegemony and the World Bank: Stiglitz's firing and Kanbur's resignation, New Left Review Most Popular Articles: Music    Musical Instruments    Guitar    Classical Music    History    Music Definition    Country Music    Rock Music    Pop Music    Hip Hop    Rap    DJ    Video Games    Casino Games    Poker    Blackjack    Casinos    Real Estate    Loan    Auction    eBay    Marketing    Search Engine Optimization    File Sharing    MP3    Music Industry    Kazaa    Internet    Supermodel    Fashion    Fashion Designers    Erotica    Modeling    Clothing    Boots    Shoes    Diamond Engagement Rings    Diamond    Rugs    Gospel Music    Affiliate    E-Commerce    Radio This article is licensed under the GNU Free Documentation License at http://www.gnu.org/copyleft/fdl.html You may copy and modify it as long as the entire work (including additions) remains under this license. You must provide a link to http://www.gnu.org/copyleft/fdl.html To view or edit this article at Wikipedia go to http://www.wikipedia.org/wiki/Joseph_E._Stiglitz