Joseph Stiglitz

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Joseph Stiglitz

An American economist and academic born in 1943. He is most noted for his work on information asymmetry, which summarizes how economic actors use and share information in order to gain advantages in the market. Stiglitz argues, contrary to neo-classical economics, that markets usually are inefficient because information is not spread evenly. He shared the Nobel Prize for Economics in 2001 for this work.
References in periodicals archive ?
As he himself puts it, what he says on development "is far from revolutionary: within the World Bank and the development community, more broadly, there has been an increasing attention" to the issues neglected by the Washington Consensus (See Stiglitz, Joseph E.
Most Frequent Appearing Authors in AER: 1911-2010 * Rank Author Appearances 1 Stiglitz, Joseph E.
Some commentators have argued that the IMF should have pushed more for institutional reforms; see, for example, Stiglitz, Joseph E.
Stiglitz, Joseph (2008 a), "The Fruit of Hypocrisy: Dishonesty in the Finance Sector Dragging Us Here, and Washington Looks Ill-equipped to Guide Us Out", The Guardian, September 16, Manchester.
Stiglitz, Joseph (2008 b), "Good Day for Democracy.