Joseph E Stiglitz

Nobel laureate in economics, and Professor at Columbia University. His most recent book, co-authored with Bruce Greenwald, is Creating a Learning Society: A New Approach to Growth, Development, and Social Progress.

December 12, 2017
December 12, 2017

The globalisation of our discontent

Fifteen years ago, I published Globalization and Its Discontents, a book that sought to explain why there was so much dissatisfaction with globalisation within the developing countries.

November 5, 2017
November 5, 2017

Has Trump captured the Fed?

One of the important powers of any US president is to appoint members and heads of the many agencies that are responsible for implementing the country's laws and regulations and, in many cases, governing the economy.

August 1, 2017
August 1, 2017

Why tax cuts for the rich solve nothing

Although America's right-wing plutocrats may disagree about how to rank the country's major problems—for example, inequality, slow growth, low productivity, opioid addiction, poor schools, and deteriorating infrastructure—the solution is always the same: lower taxes and deregulation, to “incentivise” investors and “free up” the economy.

July 4, 2017
July 4, 2017

Trump and the truth about climate change

Under President Donald Trump's leadership, the United States took another major step toward establishing itself as a rogue state on June 1, when it withdrew from the Paris climate agreement. For years, Trump has indulged the strange conspiracy theory that, as he put it in 2012, “The concept of global warming was created by and for the Chinese in order to make US manufacturing non-competitive.” But this was not the reason Trump advanced for withdrawing the US from the Paris accord. Rather, the agreement, he alleged, was bad for the US and implicitly unfair to it.

June 9, 2017
June 9, 2017

Trump's Rogue America

Donald Trump has thrown a hand grenade into the global economic architecture that was so painstakingly constructed in the years

May 3, 2017
May 3, 2017

Lessons from the anti-globalists

The likely victory of Emmanuel Macron in the French presidential election has elicited a global sigh of relief.

April 11, 2017
April 11, 2017

Illiberal stagnation

Today, a quarter-century after the Cold War's end, the West and Russia are again at odds. This time, though, at least on one side, the

February 22, 2017
February 22, 2017

How to survive the Trump era

Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies — whether Australia, the EU, or Mexico — are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.

January 11, 2017
January 11, 2017

Trumpian uncertainty

Donald Trump grasped the spirit of the time: things weren't going well, and many voters wanted change. Now they will get it: there will be no business as usual. But seldom has there been more uncertainty. Which policies Trump will pursue remains unknown, to say nothing of which will succeed or what the consequences will be.

January 1, 2017
January 1, 2017

The Age of Trump

On January 20, 2017, Donald Trump will be inaugurated as the 45th President of the United States. I would hate to say “I told you so,”