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The Perils of a Trump-Musk Economy
by Joseph E. Stiglitz of Project Syndicate, 11/5/24

Donald Trump is offering a vision of crony rentier capitalism that has enticed many captains of industry and finance. In catering to their wishes for more tax cuts and less regulation, he would make most Americans’ lives poorer, harder, and shorter.

Are US Corporations Above the Law?
by Joseph E. Stiglitz, Geoffrey Heal of Project Syndicate, 7/12/21

By siding with major food corporations over six Malian former child slaves who were seeking compensation under US tort laws, the US Supreme Court has sent a dangerous message.

The Myth of Secular Stagnation
by Joseph E. Stiglitz of Project Syndicate, 8/29/18

Those responsible for managing the 2008 recovery found the idea of secular stagnation attractive, because it explained their failures to achieve a quick, robust recovery. So, as the economy languished, a concept born during the Great Depression of the 1930s was revived.

A Greek Morality Tale
by Joseph E. Stiglitz of Project Syndicate, 2/3/15
When the euro crisis began a half-decade ago, Keynesian economists predicted that the austerity imposed on Greece and the other crisis countries would fail. Now that it has, what is needed is not structural reform in Greece so much as a fundamental reform of the eurozone's design and policy frameworks.

Creating a Learning Society
by Joseph E. Stiglitz of Project Syndicate, 6/3/14
For more than two centuries, innovation has been a critical driver of the global economy, with most of the productivity gains stemming not from major discoveries, but from small, incremental changes. This suggests that we should focus on how societies learn, and what can be done to promote learning including learning how to learn.

The Free-Trade Charade
by Joseph E. Stiglitz of Project Syndicate, 7/4/13

The negotiations to create a free-trade area between the US and Europe, and another between the US and much of the Pacific (except for China), are not about establishing a true free-trade system. Instead, the goal is a managed trade regime managed, that is, to serve the special interests that have long dominated trade policy in the West.

Americas Hope Against Hope
by Joseph E. Stiglitz of Project Syndicate, 12/6/12
After a hard-fought campaign, it seems that not much has changed in American politics. The main cause for celebration is that America has avoided policies that would have pushed it closer to recession and increased inequality further.

After Austerity
by Joseph E. Stiglitz of Project Syndicate, 5/7/12
So many economies are vulnerable to natural disasters earthquakes, floods, typhoons, hurricanes, tsunamis that adding a man-made disaster is all the more tragic. The pain that Europe, especially its poor and young, is suffering as a result of its leaders willful ignorance of the lessons of the past is entirely unnecessary.

Capturing the ECB
by Joseph E. Stiglitz of Project Syndicate, 2/6/12
There are several explanations for the ECBs 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.

The Perils of 2012
by Joseph E. Stiglitz of Project Syndicate, 1/12/12
The pragmatic commitment to growth that one sees in Asia and other emerging markets today stands in contrast to the Wests 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.

What Can Save the Euro?
by Joseph E. Stiglitz of Project Syndicate, 12/5/11
It is increasingly evident that Europes political leaders, for all their commitment to the euros 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 yesterdays profligacy; they simply push economies into deeper recessions.

The Globalization of Protest
by Joseph E. Stiglitz of Project Syndicate, 11/5/11
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.

To Cure the Economy
by Joseph E. Stiglitz of Project Syndicate, 10/4/11
As the economic slump that began in 2007 persists, the question on everyones minds is obvious: Why? The prescription for what ails the global economy follows directly from the diagnosis: strong government expenditures, aimed at facilitating restructuring, promoting energy conservation, and reducing inequality, and a reform of the global financial system that creates an alternative to the buildup of reserves. Eventually, the worlds leaders and the voters who elect them will come to recognize this. But how much pain will we have to bear in the meantime?

A Contagion of Bad Ideas
by Joseph E. Stiglitz of Project Syndicate, 8/5/11
There has been much concern about financial contagion between Europe and America. After all, Americas financial mismanagement played an important role in triggering Europes problems, and financial turmoil in Europe would not be good for the US-especially given the fragility of the US banking system and the continuing role it plays in non-transparent CDSs. 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. The same will be true of the stagnation that those policies bring.
14 results found.