Joseph Stiglitz

Professor, Columbia University

Joseph Stiglitz was awarded the Nobel Prize in Economics in October 2001 by the Royal Swedish Academy of Sciences. Professor Stiglitz, former chief economist at the World Bank, is University Professor at Columbia, where he teaches at the School of International and Public Affairs (SIPA), the Economics Department of the Graduate School of Arts and Sciences and the Graduate School of Business.

Professor Stiglitz won the Nobel Prize with George Akerlof of the University of California, Berkeley and A. Michael Spence of Stanford University. The Academy selected the trio for “their analyses of markets with asymmetric information.” Professor Stiglitz was also a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize.

After a year as an assistant professor at MIT, his career began in earnest at Yale, where he became a full professor at the age of 27. Professor Stiglitz has also been a faculty member at Princeton, Oxford and Stanford universities.

Professor Stiglitz has become influential in the making and evaluation of economic policy in the last two decades. He served on US President Bill Clinton’s Council of Economic Advisers – first as a member, and later as chairman with cabinet rank. He was later named chief economist and senior vice-president of the World Bank. Since 2000, Professor Stiglitz has had appointments at Columbia University, where he is now University Professor and teaches at the Graduate School of Business, and Department of Economics in the Graduate School of Arts and Sciences, and the School of International and Public Affairs. Professor Stiglitz is also Chair of Columbia University’s Committee on Global Thought, as well as the co-founder and Executive Director of the Initiative for Policy Dialogue, also at Columbia. Stiglitz holds a part-time appointment at the University of Manchester as Chair of the Management Board and Director of Graduate Summer Programs at the Brooks World Poverty Institute. His latest book, “Freefall: America, Free Markets, and the Sinking of the Global Economy” chronicles the financial crisis, its aftermath and its policy implications.