Not to be confused with Joseph Stillitz. 2016-01-26, and does not reflect subsequent edits to the article. American economist and a professor at Columbia University. Stiglitz has received more than guy gottfried rational investment group honorary degrees, including from Cambridge and Harvard, and he has been decorated by several governments including Bolivia, Korea, Colombia, Ecuador, and most recently France, where he was appointed a member of the Legion of Honor, order Officer.
In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Nathaniel David Stiglitz, an insurance salesman. From 1966 to 1970 he was a research fellow at the University of Cambridge. He also gives classes for a double-degree program between Sciences Po Paris and École Polytechnique in ‘Economics and Public Policy’. He has chaired The Brooks World Poverty Institute at the University of Manchester since 2005. In addition to making numerous influential contributions to macroeconomics, Stiglitz has played a number of policy roles.
He is a member of Collegium International, an organization of leaders with political, scientific, and ethical expertise whose goal is to provide new approaches in overcoming the obstacles in the way of a peaceful, socially just and an economically sustainable world. Stiglitz has advised American president Barack Obama, but has also been sharply critical of the Obama Administration’s financial-industry rescue plan. In October 2008, he was asked by the President of the United Nations General Assembly to chair a commission drafting a report on the reasons for and solutions to the financial crisis. In response, the commission produced the Stiglitz Report. Stiglitz was the president of the International Economic Association from 2011 to 2014.
On September 27, 2015, the United Kingdom Labour Party announced that Stiglitz was to sit on its Economic Advisory Committee along with five other world leading economists. After getting his PhD from M. T in 1967, Stiglitz co-authored one of his first papers with Michael Rothschild for the Journal of Economic Theory in 1970. Stiglitz’s most famous research was on screening, a technique used by one economic agent to extract otherwise private information from another. Before the advent of models of imperfect and asymmetric information, the traditional neoclassical economics literature had assumed that markets are efficient except for some limited and well defined market failures. Although these conclusions and the pervasiveness of market failures do not necessarily warrant the state intervening broadly in the economy, it makes clear that the “optimal” range of government recommendable interventions is definitely much larger than the traditional “market failure” school recognizes. The real debate today is about finding the right balance between the market and government.