Intellectuals & Academics » Economists » JOSEPH E. STIGLITZ
|Full name||: Joseph E. Stiglitz|
|Alias||: Joseph E. Stiglitz|
|Animals||: The Sheep|
|Mother||: Nathaniel D. Stiglitz|
|Wife||: Anya Schiffrin, Jane Hannaway|
|Education||: Massachusetts Institute of Technology Amherst College|
|Activists||: Economists , Writers|
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is known for his critical view of the management of globalization, free market economics and some international institutions like the International Monetary Fund and the World Bank. He was an inquisitive youngster who was deeply affected by poverty, discrimination and episodic unemployment. He wondered why they existed and what he could do about them. Stiglitz had been involved in a number of researches and had been a part of renowned organizations and universities. He had been associated with most of the Ivy League institutions. From chairing the council of economic advisors to the World Bank Chief economist, Stiglitz is one of the most frequently cited economists. He is a New-Keynesian economist, which is school of contemporary macroeconomics based on the ideas of 20th century English economist John Keynes. From having John Maynard Keynes and Robert Solow as major influences to his economic career, Stiglitz has influenced Paul Krugman and Jason Furman, two well-known economists in today’s time.
After returning from Cambridge, Stiglitz took a one-year appointment as an assistant professor at MIT, after which he went to Yale. In his subsequent years, he held academic positions at Yale, Stanford, Duke, Oxford, and Princeton. He was the professor of Economics at Yale university from 1970-1974. Then he went on to teach economics at Stanford University for another two years. Stiglitz was the Drummond professor of political economy at Oxford University for another three years. He served at Princeton University from 1979 to 1988.
Currently Stiglitz is a Professor at Columbia University, with appointments at the Business School, the Department of Economics and the School of International and Public Affairs (SIPA). He is the editor of The Economists' Voice journal with J. Bradford De Long and Aaron Edlin. From 2005, he chaired The Brooks World Poverty Institute at the University of Manchester. Moreover, he also co-chairs the Columbia University Committee on Global thought.
In addition to contributing to microeconomics, Stiglitz has played a number of policy and government 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 the Senior Vice President and Chief Economist (1997 – 2000), in the time when protests against international economic organizations started, most significantly after the Seattle WTO meeting of 1999. He was fired by the World Bank for expressing dissent with the policies.He was a lead author for the Intergovernmental Panel on Climate Change.
In July 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), with support of the Ford, Rockefeller, McArthur, and Mott Foundations and the Canadian and Swedish governments, to enhance democratic processes for decision-making in developing countries and to ensure that a broader range of alternatives and stakeholders are at the table.
Stiglitz is a member of Collegium International, an organization of leaders with political, scientific, and ethical expertise. Their goal is to provide new approaches in overcoming the obstacles, keeping in mind the peaceful, socially just and an economically sustainable world. He is also a member of the scientific committee of the Fundacion IDEAS, a Spanish think tank.
Stiglitz has advised American President Barack Obama, but has also been sharply critical of the Obama Administration's financial-industry rescue plan.
In October 2008, he was asked by the President of UN's General Assembly to chair a commission entrusted with drafting a report on the reasons for and solutions to the financial crisis. In response, the commission produced the Stiglitz Report.
On July 25, 2011, Stiglitz participated to the "I Foro Social del 15M" organized in Madrid, Spain to express his support to the 2011 Spanish protests.
Joseph E. Stiglitz was born in Gary, Indiana, to Jewish parents, Charlotte and Nathaniel Stiglitz. He grew up in a family in which political issues were discussed and debated intensely. His mother’s families were New Deal Democrats — they worshipped the FDR. Although Joseph’s uncle was a highly successful lawyer and a real estate entrepreneur, he was staunchly pro-labor. On the other hand, Stiglitz father was a Jeffersonian democrat, a small businessman working as an insurance agent who spoke about the virtues of self-employment and being one’s own boss. Though his father was conservative by nature initially, by the mid seventies, he had become a strong advocate of civil rights. He insisted on paying social security contributions and this attitude served Joseph Stilgitz a good example.
Following two failed marriage, Stiglitz married for the third time to Anya Schiffrin on October 28, 2004. He works at the School of International and Public affairs at Columbia University.