Articles by Joseph E. Stiglitz



Turning a Resource Curse Into a Blessing

There are antidotes to the resource curse: a stabilization fund, a low exchange rate and a smart investment of windfalls.

The Lessons From TunisiaТs Fallen Autocracy

The whole world celebrates TunisiaТs democratic revolution, which has set off a cascade of events elsewhere in the region Ч particularly in Egypt Ч with untold consequences.

A Keynesian Recipe for the Global Crisis

The УinnovationsФ unleashed by modern finance did not lead to long-term efficiency or more prosperity for all. Instead, they were circumvented accounting standards and taxes. Now it is time to tame the markets, a Nobel laureate says.

GDP Fetishism

The use of GDP as a measure of economic well-being is becoming problematic, and many are pushing to use new statistical techniques that could provide opportunities to improve our metrics.

The Next Bretton Woods

It took 15 years and a world war to address the last major financial crisis. Let's hope it won't take that long this time.

The Polluters Must Pay

It doesn't take a genius to figure out that the United States' financial system -- indeed, global finance -- is in a mess. The problems in the U.S. economy and financial system have been apparent for years.

Financial Hypocrisy

This year marks the 10th anniversary of the East Asia crisis, which began in Thailand on July 2, 1997, and spread to Indonesia in October and to South Korea in December.

Financial Hypocrisy

This year marks the 10th anniversary of the East Asia crisis, which began in Thailand on July 2, 1997, and spread to Indonesia in October and to South Korea in December.

War's Economic Toll

While spending money dropping bombs on Iraq may enhance national security, it does nothing for long-term economic growth at home.

Rewriting History

Perhaps the 1998 financial crisis wasn't the wake up call that Anders Aslund insists Russia needed?

Bush's Bankrupt Economic Policies

  • 03 October 02
  • LOS ANGELES TIMES
Although the economy was slowing even before President George W. Bush took office, he has made the situation much worse than it had to be. What could have been a mild and brief recession has instead turned into a prolonged downturn likely to last more than two years.

A Second Chance for Brazil and the IMF

The world is waiting to see how the market will judge Brazil and whether the International Monetary Fund's rescue package, announced over the weekend, will bring the country back from the brink.