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  1. Directory
  2. Faculty
  3. Joseph Stiglitz

Joseph Stiglitz

Professor
Economics Division
Professor
Heilbrunn Center for Graham and Dodd Investing
Executive Director and Co-founder
Initiative for Policy Dialogue
Joseph Stiglitz
Areas of Expertise
Globalization, Microeconomics
Contact
Office: 543 Kravis
Phone: (212) 8540671
E-mail: [email protected]
Links
Personal Website
Curriculum Vitae

Professor Stiglitz accepted a joint appointment to a chaired professorship at Columbia Business School, the Graduate School of Arts and Sciences (in the Department of Economics) and the School of International and Public Affairs in the spring of 2001. He was the first Joel M. Stern Faculty Scholar at Columbia Business School from Fall 1999 until Spring 2001. From 1997 to 2000, he served as the World Bank's Chief Economist and Senior Vice President, Development Economics. Prior to that, he served on President Clinton's economic team as a member of the U.S. Council of Economic Advisors from 1993 to 1995 and as its Chairman from 1995 to 1997.

Stiglitz is a renowned scholar and teacher of a new branch of economics that he created, the "Economics of Information." He also helped pioneer such pivotal concepts as theories of adverse selection and moral hazard, which have now become standard tools of policy analysts, as well as economic theorists. Recognized around the world as a leading economic educator, he has written textbooks that have been translated into several dozen languages.

Stiglitz was a Fulbright Scholar and a Tapp Junior Research Fellow at Cambridge University in 1970. He became a fellow of the Econometric Society at the age of 29 and is a member of the National Academy of Science. He is also the recipient of the prestigious John Bates Clark Medal, awarded every two years to the American economist under the age of 40 who has made the most significant contributions to the subject. In 2001, he was awarded the Nobel Prize in Economics for the analysis of markets with asymmetric information.

Education
BA Amherst College, 1964; PhD, Massachusetts Institute of Technology, 1966
Joined CBS
2001

All Activities

  • Research
  • Teaching
  • Awards and Honors
  • Press
  • CaseWorks
  • Journal articles
  • Working papers
  • Articles
  • Books
  • Chapters
Journal Article
Arezki, Rabah, Patrick Bolton , Sanjay Peters, Joseph Stiglitz , and Frederic Samama
. “From Global Savings Glut to Financing Infrastructure.”
Economic Policy
vol.
32
, (April 01, 2017):
221
-
261
.
Explore Further about From Global Savings Glut to Financing Infrastructure
Journal Article
Emran, M. Shahe and Joseph Stiglitz
. “On Selective Indirect Tax Reform in Developing Countries.”
Journal of Public Economics
vol.
89
, (June 01, 2005):
599
-
623
.
Explore Further about On Selective Indirect Tax Reform in Developing Countries
Download PDF on On Selective Indirect Tax Reform in Developing Countries
Journal Article
Stiglitz, Joseph
. “Capital Market Liberalization, Globalization, and the IMF.”
Oxford Review of Economic Policy
vol.
20
, (January 01, 2004):
57
-
71
.
Explore Further about Capital Market Liberalization, Globalization, and the IMF
Download PDF on Capital Market Liberalization, Globalization, and the IMF
Journal Article
Stiglitz, Joseph
. “Information and the Change in the Paradigm in Economics.”
American Economist
vol.
48
, (January 01, 2004):
6
-
49
.
Explore Further about Information and the Change in the Paradigm in Economics
Download PDF on Information and the Change in the Paradigm in Economics
Journal Article
Stiglitz, Joseph
. “Evaluating Economic Change.”
Daedalus
vol.
133
, (January 01, 2004):
465
-
84
.
Explore Further about Evaluating Economic Change
Download PDF on Evaluating Economic Change
Journal Article
Stiglitz, Joseph
. “Globalization and Growth in Emerging Markets and the New Economy.”
Journal of Policy Modeling
vol.
25
, (July 01, 2003):
505
-
24
.
Explore Further about Globalization and Growth in Emerging Markets and the New Economy
Download PDF on Globalization and Growth in Emerging Markets and the New Economy
Journal Article
Stiglitz, Joseph
. “Dealing with Debt: How to Reform the Global Financial System.”
Harvard International Review
vol.
25
, (January 01, 2003):
54
-
59
.
Explore Further about Dealing with Debt: How to Reform the Global Financial System
Download PDF on Dealing with Debt: How to Reform the Global Financial System
Journal Article
Stiglitz, Joseph
. “Democratizing the International Monetary Fund and the World Bank: Governance and Accountability.”
Governance
vol.
16
, (January 01, 2003):
111
-
139
.
Explore Further about Democratizing the International Monetary Fund and the World Bank: Governance and Accountability
Download PDF on Democratizing the International Monetary Fund and the World Bank: Governance and Accountability
Journal Article
Stiglitz, Joseph
. “Globalization and the Economic Role of the State in the New Millennium.”
Industrial and Corporate Change
vol.
12
, (January 01, 2003):
3
-
26
.
Explore Further about Globalization and the Economic Role of the State in the New Millennium
Download PDF on Globalization and the Economic Role of the State in the New Millennium
Journal Article
Stiglitz, Joseph
. “Financial Market Stability and Monetary Policy.”
Pacific Economic Review
vol.
7
, (April 01, 2002):
13
-
30
.
Explore Further about Financial Market Stability and Monetary Policy
Download PDF on Financial Market Stability and Monetary Policy
Journal Article
Stiglitz, Joseph
. “Capital Market Liberalization and Exchange Rate Regimes: Risk Without Reward.”
Annals of the American Academy of Political and Social Science
vol.
579
, (January 01, 2002):
219
-
48
.
Explore Further about Capital Market Liberalization and Exchange Rate Regimes: Risk Without Reward
Download PDF on Capital Market Liberalization and Exchange Rate Regimes: Risk Without Reward
Journal Article
Stiglitz, Joseph
. “New Perspectives on Public Finance: Recent Achievements and Future Challenges.”
Journal of Public Economics
vol.
86
, (January 01, 2002):
341
-
360
.
Explore Further about New Perspectives on Public Finance: Recent Achievements and Future Challenges
Download PDF on New Perspectives on Public Finance: Recent Achievements and Future Challenges
Journal Article
Stiglitz, Joseph
. “Participation and Development: Perspectives from the Comprehensive Development Paradigm.”
Review of Development Economics
vol.
6
, (January 01, 2002):
163
-
82
.
Explore Further about Participation and Development: Perspectives from the Comprehensive Development Paradigm
Download PDF on Participation and Development: Perspectives from the Comprehensive Development Paradigm
Journal Article
Stiglitz, Joseph
. “Employment, Social Justice, and Societal Well-Being.”
International Labour Review
vol.
141
, (January 01, 2002):
9
-
29
.
Explore Further about Employment, Social Justice, and Societal Well-Being
Download PDF on Employment, Social Justice, and Societal Well-Being
Journal Article
Stiglitz, Joseph and David Ellerman
. “Not Poles Apart: 'Whither Reform?' and 'Whence Reform?'.”
Journal of Policy Reform
vol.
4
, (January 01, 2001):
325
-
38
.
Explore Further about Not Poles Apart: 'Whither Reform?' and 'Whence Reform?'
Download PDF on Not Poles Apart: 'Whither Reform?' and 'Whence Reform?'
Journal Article
Stiglitz, Joseph
. “The Contributions of the Economics of Information to Twentieth Century Economics.”
Quarterly Journal of Economics
vol.
115
, (January 01, 2001):
1441
-
78
.
Explore Further about The Contributions of the Economics of Information to Twentieth Century Economics
Download PDF on The Contributions of the Economics of Information to Twentieth Century Economics
Journal Article
Stiglitz, Joseph
. “Failure of the Fund: Rethinking the IMF Response.”
Harvard International Review
vol.
23
, (January 01, 2001):
14
-
18
.
Explore Further about Failure of the Fund: Rethinking the IMF Response
Download PDF on Failure of the Fund: Rethinking the IMF Response
Journal Article
Stiglitz, Joseph
. “Principles of Financial Regulation: A Dynamic Approach.”
World Bank Research Observer
vol.
16
, (January 01, 2001):
1
-
18
.
Explore Further about Principles of Financial Regulation: A Dynamic Approach
Download PDF on Principles of Financial Regulation: A Dynamic Approach
Journal Article
Hellmann, Thomas and Joseph Stiglitz
. “Credit and Equity Rationing in Markets with Adverse Selection.”
European Economic Review
vol.
44
, (April 01, 2000):
281
-
304
.
Explore Further about Credit and Equity Rationing in Markets with Adverse Selection
Download PDF on Credit and Equity Rationing in Markets with Adverse Selection
Journal Article
Hellmann, Thomas, Kevin Murdock, and Joseph Stiglitz
. “Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough?”
American Economic Review
vol.
90
, (March 01, 2000):
147
-
165
.
Explore Further about Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough?
Download PDF on Liberalization, Moral Hazard in Banking and Prudential Regulation: Are Capital Requirements Enough?
Journal Article
Stiglitz, Joseph and David Ellerman
. “New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies.”
Zagreb International Review of Economics and Business
vol.
3
, (January 01, 2000):
41
-
72
.
Explore Further about New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies
Download PDF on New Bridges Across the Chasm: Macro- and Micro-Strategies for Russia and other Transitional Economies
Journal Article
Stiglitz, Joseph
. “Capital Market Liberalization, Economic Growth and Instability.”
World Development
vol.
28
, (January 01, 2000):
1075
-
86
.
Explore Further about Capital Market Liberalization, Economic Growth and Instability
Download PDF on Capital Market Liberalization, Economic Growth and Instability
Journal Article
Stiglitz, Joseph
. “Democratic Development as the Fruits of Labor.”
Perspectives on Work
vol.
4
, (January 01, 2000):
31
-
38
.
Explore Further about Democratic Development as the Fruits of Labor
Download PDF on Democratic Development as the Fruits of Labor
Journal Article
Stiglitz, Joseph
. “Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold.”
World Economy
vol.
23
, (January 01, 1999):
437
-
54
.
Explore Further about Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold
Download PDF on Two Principles for the Next Round or, How to Bring Developing Countries in from the Cold
Working Paper
Hoff, Karla and Joseph Stiglitz
. The Transition from Communism: A Diagrammatic Exposition of Obstacles to the Demand for the Rule of Law. January 01, 2005.
Explore Further about The Transition from Communism: A Diagrammatic Exposition of Obstacles to the Demand for the Rule of Law
Download PDF on The Transition from Communism: A Diagrammatic Exposition of Obstacles to the Demand for the Rule of Law
Working Paper
Emran, M. Shahe and Joseph Stiglitz
. Price Neutral Tax Reform with an Informal Economy. January 01, 2004.
Explore Further about Price Neutral Tax Reform with an Informal Economy
Download PDF on Price Neutral Tax Reform with an Informal Economy
Working Paper
Hoff, Karla and Joseph Stiglitz
. After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies. December 01, 2002.
Explore Further about After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Download PDF on After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies
Book
Stiglitz, Joseph and Bruce Greenwald
. Creating a Learning Society: A New Approach to Growth, Development, and Social Progress. 
New York
:
Columbia University Press
, 2014.
Explore Further about Creating a Learning Society: A New Approach to Growth, Development, and Social Progress
Book
Bolton, Patrick, Frederic Samama, and Joseph Stiglitz
. Sovereign Wealth Funds and Long-Term Investing. 
New York
:
Columbia University Press
, 2011.
Explore Further about Sovereign Wealth Funds and Long-Term Investing
Book
Stiglitz, Joseph and Andrew Charlton
. Fair Trade for All: How Trade Can Promote Development. 
New York
:
Oxford University Press
, 2005.
Explore Further about Fair Trade for All: How Trade Can Promote Development
Book
Stiglitz, Joseph and Bruce Greenwald
. Towards a New Paradigm in Monetary Economics. 
Cambridge, UK
:
Cambridge University Press
, 2003.
Explore Further about Towards a New Paradigm in Monetary Economics
Book
Stiglitz, Joseph
. The Roaring Nineties: A New History of the World's Most Prosperous Decade. 
New York
:
Norton
, 2003.
Explore Further about The Roaring Nineties: A New History of the World's Most Prosperous Decade
Book
Stiglitz, Joseph
. Globalization and Its Discontents. 
New York
:
W.W. Norton & Company
, 2002.
Explore Further about Globalization and Its Discontents
Chapter
Stiglitz, Joseph
. “The Overselling of Globalization.” In
Globalization: What's New
, edited by
Michael E. Weinstein
,
New York
:
Columbia University Press
, 2005.
Explore Further about The Overselling of Globalization
Download PDF on The Overselling of Globalization
Chapter
Aghion, Philippe, Roman Frydman, Joseph Stiglitz , and Michael Woodford
. “Edmund S. Phelps and Modern Macroeconomics.” In
Knowledge, Information and Expectations in Modern Macroeconomics
, edited by
Philippe Aghion, Roman Frydman, and Michael Woodford
,
Princeton
:
Princeton University Press
, 2003.
Explore Further about Edmund S. Phelps and Modern Macroeconomics
Download PDF on Edmund S. Phelps and Modern Macroeconomics
Chapter
Stiglitz, Joseph
. “Globalization and the Logic of International Collective Action: Re-Examining the Bretton Woods Institutions.” In
Governing Globalization: Issues and Institutions
, edited by
Deepak Nayyar
,
New York
:
Oxford University Press
, 2002.
Explore Further about Globalization and the Logic of International Collective Action: Re-Examining the Bretton Woods Institutions
Download PDF on Globalization and the Logic of International Collective Action: Re-Examining the Bretton Woods Institutions
Chapter
Stiglitz, Joseph
. “Competition and Competitiveness in a New Economy.” In
Competition and Competitiveness in a New Economy
, edited by
Heinz Handler and Christina Burger
,
Vienna
:
Austrian Federal Ministry for Economic Affairs and Labour
, 2002.
Explore Further about Competition and Competitiveness in a New Economy
Download PDF on Competition and Competitiveness in a New Economy
Chapter
Hellmann, Thomas, Kevin Murdock, and Joseph Stiglitz
. “Franchise Value and the Dynamics of Financial Liberalization.” In
Designing Financial Systems in Transition Economies: Strategies for Reform in Central and Eastern Europe
, edited by
Anna Myendorff and Anjan Thakor
,
Boston, Mass.
:
MIT Press
, 2002.
Explore Further about Franchise Value and the Dynamics of Financial Liberalization
Download PDF on Franchise Value and the Dynamics of Financial Liberalization
Chapter
Orszag, Peter and Joseph Stiglitz
. “Rethinking Pension Reform: Ten Myths About Social Security Systems.” In
New Ideas About Old Age Security
, edited by
R. Holman and J. Stiglitz
,
Washington, D.C.
:
World Bank
, 2001.
Explore Further about Rethinking Pension Reform: Ten Myths About Social Security Systems
Download PDF on Rethinking Pension Reform: Ten Myths About Social Security Systems
Chapter
Stiglitz, Joseph
. “Information and the Change in the Paradigm in Economics (Les Prix Nobels).” In
Les Prix Nobel: The Nobel Prizes 2001
, edited by
Tore Frangsmyr
,
Stockholm, Sweden
:
The Nobel Foundation
, 2001.
Explore Further about Information and the Change in the Paradigm in Economics (Les Prix Nobels)
Chapter
Stiglitz, Joseph
. “Redefining the Role of the State.” In
The Rebel Within
, edited by
Ha-Joon Chang
,
London
:
Anthem
, 2001.
Explore Further about Redefining the Role of the State
Download PDF on Redefining the Role of the State
Chapter
Stiglitz, Joseph
. “On Liberty, the Right to Know, and Public Discourse: The Role of Transparency in Public Life.” In
The Rebel Within
, edited by
Ha-Joon Chang
,
London
:
Anthem
, 2001.
Explore Further about On Liberty, the Right to Know, and Public Discourse: The Role of Transparency in Public Life
Download PDF on On Liberty, the Right to Know, and Public Discourse: The Role of Transparency in Public Life
Chapter
Stiglitz, Joseph
. “The Role of International Financial Institutions in the Current Global Economy.” In
The Rebel Within
, edited by
Ha-Joon Chang
,
London
:
Anthem
, 2001.
Explore Further about The Role of International Financial Institutions in the Current Global Economy
Download PDF on The Role of International Financial Institutions in the Current Global Economy
Chapter
Stiglitz, Joseph
. “Modern Economic Theory and Development.” In
Frontiers of Development Economics: The Future in Perspective
, edited by
G. Meier and J. Stiglitz
,
Oxford, England
:
Oxford University Press
, 2000.
Explore Further about Modern Economic Theory and Development
Download PDF on Modern Economic Theory and Development
Chapter
Stiglitz, Joseph
. “Scan Globally, Reinvent Locally: Knowledge Infrastructure and the Localization of Knowledge.” In
Banking on Knowledge: The Genesis of the Global Development Network
, edited by
Diane Stone
,
24
-
43
.
London
:
Routledge
, 2000.
Explore Further about Scan Globally, Reinvent Locally: Knowledge Infrastructure and the Localization of Knowledge
Download PDF on Scan Globally, Reinvent Locally: Knowledge Infrastructure and the Localization of Knowledge
Chapter
Stiglitz, Joseph
. “More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus.” In
Development Issues in the 21st Century
, edited by
G. Kochendorfer-Lucius and B. Pleskovic
,
Berlin
:
German Foundation for International Development; World Bank
, 1999.
Explore Further about More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus
Download PDF on More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus
  • Courses
  • Case Studies
This faculty member has no associated courses currently. Please check back next semester.
Case Study
Corothers, Thomas, John Cavanagh, Michael Doyle, Sakiko Fukuda-Parr, Andrew Kruper, Adam Przeworski, Mary Robinson, and Joseph Stiglitz
. Multilateral Strategies to Promote Democracy. 
New York, NY
:
Carnegie Council on Ethics and International Affairs
, 2004.
Explore Further about Multilateral Strategies to Promote Democracy
  • Awards & Honors
  • In the Media
  • Articles
In the Media

Why Trump Tariffs Will Be ‘Very Bad for America and for the World’

The Guardian
In the Media

Stiglitz: How the U.S. Economy Recovers from COVID-19 Hinges on Americans' Debt

Marketplace Radio
In the Media

Trump Had 'No Idea' about the Seriousness of Coronavirus Crisis: Stiglitz

CNBC
In the Media

IMF Critic Close to Stiglitz Made Argentine Economy Minister

Bloomberg News
Article

Bizcast: Joseph Stiglitz on AI, Freedom, and Rethinking Capitalism

Read More about Bizcast: Joseph Stiglitz on AI, Freedom, and Rethinking Capitalism
Article

Video: Balancing Freedom and Responsibility in the Age of AI

Read More about Video: Balancing Freedom and Responsibility in the Age of AI
Article

Bizcast: Professor Joseph Stiglitz and The Road to Freedom

Read More about Bizcast: Professor Joseph Stiglitz and The Road to Freedom
Article

Getting Finance for Climate Improvement

Read More about Getting Finance for Climate Improvement
Article

Addressing Economic Inequality and Potential Solutions

Read More about Addressing Economic Inequality and Potential Solutions
Article

The Global Tax Devil Is in the Details

Read More about The Global Tax Devil Is in the Details
Article

Avoiding a K-Shaped Global Recovery

Read More about Avoiding a K-Shaped Global Recovery
Article

An Open Letter to Joe Biden on International Corporate Taxation

Read More about An Open Letter to Joe Biden on International Corporate Taxation
Article

How Biden Can Restore Multilateralism Unilaterally

Read More about How Biden Can Restore Multilateralism Unilaterally
Article

What Janet Yellen Must Do Now

Read More about What Janet Yellen Must Do Now
Article

Priorities for the COVID-19 Economy

Read More about Priorities for the COVID-19 Economy
Article

Patents vs. the Pandemic

Read More about Patents vs. the Pandemic
Article

Has Davos Man Changed?

Read More about Has Davos Man Changed?
Article

Is Growth Outdated?

Read More about Is Growth Outdated?
Article

Chile: A Progressive Blueprint for Emerging Economies

Read More about Chile: A Progressive Blueprint for Emerging Economies
Article

Three Ways to Fight Fake News

Read More about Three Ways to Fight Fake News
Article

School Honors Joseph Stiglitz With Special Colloquium

Read More about School Honors Joseph Stiglitz With Special Colloquium
Article

Former World Bank Chief Economist Joseph Stiglitz Appointed to a Joint Chaired Professorship at Columbia University

Read More about Former World Bank Chief Economist Joseph Stiglitz Appointed to a Joint Chaired Professorship at Columbia University
Article

Sanford Weill and Joseph Stiglitz Honored at Columbia Business School's 26th Annual Dinner

Read More about Sanford Weill and Joseph Stiglitz Honored at Columbia Business School's 26th Annual Dinner
Article

Joseph E. Stiglitz of the World Bank to be the first Joel Stern Faculty Scholar at Columbia Business School

Read More about Joseph E. Stiglitz of the World Bank to be the first Joel Stern Faculty Scholar at Columbia Business School
  • CaseWorks
This faculty member has no associated CaseWorks cases currently.

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