Few are more qualified to comment during this turbulent time than Joseph Stiglitz. A renowned economist and Nobel Prize winner, Stiglitz has had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Hailed as "an insanely great economist" by the New York Times' Paul Krugman, Stiglitz offers lucid, astute, in-depth analysis of today's global economic climate and its impact on organizations, governments and individuals.
Stiglitz helped create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. In 2008, he was asked by the French President Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress, and in 2009, was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System.
Globalization is one of the most important phenomena confronting the world today, affecting every aspect of society including economics, politics, and culture. In this illuminating, engaging discussion, Stiglitz explores why globalization is failing so many people and what must be done create secure, stable economies. He offers profound insights and innovative solutions to a host of problems, including the indebtedness of developing countries, international fiscal instability, and worldwide pollution. Now more than ever before, globalization has gathered the peoples of the world into one community, bringing with it a need for all to think and act globally.
Joseph Stiglitz witnessed first-hand the flaws and defects in today’s economic orthodoxy from his prominent positions at leading global financial institutions. Increasingly disillusioned and frustrated by the status quo, Stiglitz became an influential and open critic of the Washington Consensus – and his dissenting views have only gained greater urgency in the years since. With exceptional candor, wit and insight, Sitglitz offers unparalleled perspective on current U.S. economic policy and global financial news that is not only provocative and informative but refreshingly direct. He provides audiences with solid context that can be used to add further dimensions to their work while gaining greater insight into the latest headlines.
The global economic crisis has had an immeasurable – and irreversible – impact on millions of people worldwide. Flawed government policies and unscrupulous personal and corporate behavior in the United States helped spur the financial meltdown, which was exported across the globe with devastating consequences. In this riveting and eye-opening presentation, Stiglitz explores how free market financial policy and government regulation, or lack thereof, sparked the current financial crisis and its continuing deleterious effects on the world economy. Also included is an overview of the contemporary geo-economic landscape, what businesses and financial institutions can expect moving forward, and the implications for the world’s future prosperity.