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Joseph Stiglitz: Nobel Prize-winning economist and information economics pioneer
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Economist and Nobel Prize winner
This book is a practical and accessible guide to understanding the life and works of Joseph Stiglitz.
In 50 minutes you will be able to:
• Recognize and understand the main ideas behind the contributions of Joseph Stiglitz and his New Keynesian approach
• Identify the impact his work had on both economics and politics, and the new concepts and tools that he conceptualized
• Understand the limits of his contributions and the criticisms held by other experts in his field, as well as the many extensions and related ideas that have been developed
ABOUT 50MINUTES.COM | Economic Culture
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
This book is a practical and accessible guide to understanding the life and works of Joseph Stiglitz.
In 50 minutes you will be able to:
• Recognize and understand the main ideas behind the contributions of Joseph Stiglitz and his New Keynesian approach
• Identify the impact his work had on both economics and politics, and the new concepts and tools that he conceptualized
• Understand the limits of his contributions and the criticisms held by other experts in his field, as well as the many extensions and related ideas that have been developed
ABOUT 50MINUTES.COM | Economic Culture
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
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Joseph Stiglitz - 50minutes
Key information
Date and place of birth: Gary, Indiana on 9 February 1943.
Context and background: Joseph Stiglitz is one of the best-known figures of new Keynesian economics and one of the pioneers of information economics.
Notable works:
Principles of Macroeconomics, 1993.
Globalization and its Discontents, 2002.
The Roaring Nineties: A New History of the World’s Most Prosperous Decade, 2003.
Making Globalization Work: The Next Steps to Global Justice, 2006.
Economics, 2006, in collaboration with Jean-Dominique Lafay (born in 1944) and Carl E. Walsh (born in 1949).
Freefall: Free Markets, and the Sinking of the World Economy, 2010.
The Price of Inequality, 2012.
Recognition: In 2001, he shared the Nobel Memorial Prize in Economic Sciences with George Akerlof (born in 1940) and Michael Spence (born in 1943) for his contributions to information economics.
Key concepts:
Econometrics: A branch of economics that uses statistics and various mathematical tools to model the economic reality and the phenomena related to it (growth, inflation, etc.).
Globalisation
Human Development Index (HDI): An indicator which measures the human development of each country. It complements
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