Joseph Stiglitz

Joseph Stiglitz, an American economist and winner of the 2001 Nobel Prize in Economics, was named one of the 100 most influential figures in the world in 2011 by the Times. Currently a professor at Columbia University in New York, co chair of the Columbia University Global Thought Committee, and co founder and chairman of the Columbia Policy Dialogue Initiative. In 1967, Joseph obtained a Ph.D. degree from Massachusetts Institute of Technology. In 1970, he became a full-time professor at Yale University. In 1979, he was awarded the John Bates Clark Medal, a biennial award awarded by the American Economic Association to economists under the age of 40 who have made outstanding contributions to economics. He has coached at Princeton University, Stanford University, and Massachusetts Institute of Technology, and is Professor Drummond and a researcher at All Souls College in Oxford. In 2001, he won the Nobel Prize in Economics for analyzing market information asymmetry. He was the main contributor to the 1995 IPCC report of the Intergovernmental Panel on Climate Change, which won the Nobel Peace Prize in 2007. From 1993 to 95, Joseph served as a member of the Clinton Administration's Economic Advisory Committee and as the Chairman of the CEA from 1995 to 97. From 1997 to 2000, he served as the Chief Economist and Senior Vice President of the World Bank. In 2008, at the request of French President Nicolas Sarkozy, he served as the Chairman of the Committee on Economic Performance and Social Progress Measurement, which released its final report in September 2009. In 2009, he was appointed as the Chairman of the Expert Committee on International Financial and Monetary System Reform by the President of the United Nations General Assembly and published a report in September of the same year. Joseph helped establish a new branch of economics - information economics. He explored the consequences of information asymmetry and pioneered key concepts such as adverse selection and moral hazard, which have become standard tools for theorists and policy analysts. He has made significant contributions to macroeconomics and monetary theory, development economics and trade theory, public and corporate finance, industrial and rural organization theory, welfare economics, and income distribution theory. His theory explains under what circumstances the market will operate poorly and how the government should improve performance through selective intervention. As a top global economic educator, Joseph's textbooks have been translated into over ten languages. He founded the leading economic journal Economic Outlook, and his works on Globalization and Its Discontents were translated into 35 languages by Norton Publishing in 2016, with global legitimate sales exceeding one million copies. In addition, he also authored numerous books such as the tumultuous 1990s, the New Paradigm of Monetary Economics and Bruce Greenwald's co authorship, the true cost of the three trillion dollar war in Iraq and the political science professor Linda Bilmes at Harvard University, and the cost of inequality: how today's divided society harms our future, published in June 2012.