Economist and Nobel Prize winner
This book is a practical and accessible guide to understanding the life and works of Joseph Stiglitz.
In 50 minutes you will be able to:
• Recognize and understand the main ideas behind the contributions of Joseph Stiglitz and his New Keynesian approach
• Identify the impact his work had on both economics and politics, and the new concepts and tools that he conceptualized
• Understand the limits of his contributions and the criticisms held by other experts in his field, as well as the many extensions and related ideas that have been developed
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Liczba stron: 22
“The real debate today is about finding the right balance between the market and government. Both are needed.” (Stiglitz, cited in Altman, 2006)
Stiglitz regularly calls for increased dialogue between governments and markets, and even more so between markets and households. As a confirmed New Keynesian, he considers that the austerity policies implemented by countries to overcome crises are often illogical. His attitude to the efforts undertaken by the United States is uncompromising and he stresses their ineffectiveness, criticising in particular deregulation policies, the decline of progressive taxation and the weakening of the social safety net (The Price of Inequality, 2012).
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