Joseph Stiglitz(redirected from Stiglitz, Joseph)
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.