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Who is Joseph Stieglitz?

2017-01-12T18:20:09+00:00

The term 'Joseph Stieglitz' is included in the Economics edition of the Financial Dictionary. Get yours now on amazon in ebook or paperback format. Read more here...

Joseph Eugene Stieglitz is an American-born professor of economics at Columbia University who is also regarded as the fourth most influential economist in the world. This is based on the number of citations individuals have used sourcing him in papers, government reports, and other areas of academic work.

He has received the world renowned Nobel Memorial Prize in Economics Sciences back in 2001 as well as the John Bates Clark Medal in 1979. He has served as former Senior Vice President and also Chief Economist at the Work Bank. Stieglitz also counts a stint at the Council of Economic Advisers for the United States president on his resume, where he served initially as a member and then finally in the prestigious role of chairman.

Controversial at times, Joseph Stieglitz has been an ardent support of Georgist public finance theory and critical in his viewpoints on the ineffectual management of globalization in the world today along with economists who espouse laissez-faire economic policies. He refers to these individuals by the tongue in cheek label of “free market fundamentalists.” He is similarly critical of the World Bank and the International Monetary Fund, though he served even as Chief Economist and Senior VP at the former.

At the turn of the new millennium in 2000, Joseph Stieglitz established the Columbia University think tank known as the IPD Initiative for Policy Dialogue to ponder weighty issues of international development. He served on the faculty of ivy league school Columbia University from 2001 on. He has received the greatest academic rank which the university has to bestow back in 2003 as university professor. As the founding chairman of Columbia University’s Committee on Global Thought, he similarly chairs the Brooks World Poverty Institute at the University of Manchester. Stieglitz has been a distinguished member of the Pontifical Academy of Social Sciences for years.

The then United Nations General Assembly President Miguel d’ Escoto Brockmann appointed Stieglitz as chairman for the United Nations Commission on Reforms of the International Monetary and Financial System in 2009 at the height of the global financial crisis. This financial collapse from which the world has still not completely recovered originated within the United States at the fall of Lehman Brothers. In this capacity, he provided oversight and participation on proposals and a report which made recommendations on reforming the international financial and monetary systems.

Joseph Stieglitz has also managed to amass fame with other nations’ political leadership as well as in the United States and United Nations. He worked as the chair for the international Commission on the Measurement of Economic Performance and Social Progress which French President Nicholas Sarkozy established. They issued their official report entitled Mis-measuring Our Lives: Why the GDP Doesn’t Add Up back in 2010. Presently, Joseph Stieglitz serves as the co-chairman for the successor organization called the High Level Expert Group on the Measurement of Economic Performance and Social Progress.

During the years 2011 to 2014, Joseph Stieglitz also worked as the International Economic Association IEA’s President. He led the organization in its triennial world congress which occurred in a resort near the Dead Sea in Jordan back in June of 2014.

For academic recognition and international accolades, no living economist today compares with Joseph Stieglitz. He has been awarded over 40 honorary degrees, including from such internationally prestigious schools as Britain’s legendary Oxford University and Cambridge University, and America’s gold standard school Harvard University. He has received decorations from a range of governments including France, Korea, Ecuador, and Colombia. The French president appointed him to the Legion of Honor, Order Officer, as a member.

Time Magazine has named Joseph Stieglitz in 2011 as a member of their 100 Most Influential People in the World list. The man has written a range of books including the most recent The Great Divide: Unequal Societies and What We Can Do About Them from 2015, Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity from 2015, and Creating a Learning Society: A New Approach to Growth Development and Social Progress in 2014.

The term 'Joseph Stieglitz' is included in the Economics edition of the Financial Dictionary. You can get your copy on amazon in Kindle or Paperback version. See more details here.