Joseph Stiglitz

DEFINITION of 'Joseph Stiglitz'

An American neo-Keynesian economist and winner of the 2001 Nobel Memorial Prize in Economics for his research on information asymmetry. Born in Indiana in 1943, Stiglitz is also a recipient of the John Bates Clark Medal.

BREAKING DOWN 'Joseph Stiglitz'

Stiglitz served as chair of the President's Council of Economic Advisers in the Clinton White House and as former senior vice president and chief economist of the World Bank. Stiglitz is a notorious critic of the International Monetary Fund and has written many books and articles.

RELATED TERMS
  1. John Bates Clark Medal

    An award issued to an American economist under the age of 40 ...
  2. The Clark Medal

    An informal name for the John Bates Clark Medal, which is a prize ...
  3. George A. Akerlof

    A winner of the 2001 Nobel Prize in Economics, along with Michael ...
  4. John Bates Clark

    An American Neoclassical economist renowned for his development ...
  5. A. Michael Spence

    An American economist who has won the Nobel Memorial Prize in ...
  6. Lawrence Klein

    An American economist and winner of the 1980 Nobel Memorial Prize ...
Related Articles
  1. Personal Finance

    China - Beijing 2008

    These nations finished at or near the top of the medal table during the Olympic Games they hosted. Here is a look at some of the finances it took for these countries to be successful.
  2. Personal Finance

    Host Nations That Owned The Podium At The Olympics

    These nations finished at or near the top of the medal table during the Olympic Games they hosted. Here is a look at some of the finances it took for these countries to be successful.
  3. Personal Finance

    Australia - Sydney 2000

    These nations finished at or near the top of the medal table during the Olympic Games they hosted. Here is a look at some of the finances it took for these countries to be successful.
  4. Personal Finance

    Conclusion

    These nations finished at or near the top of the medal table during the Olympic Games they hosted. Here is a look at some of the finances it took for these countries to be successful.
  5. Economics

    Why Can't Economists Agree?

    There are many reasons why economists can be given the same data and come up with entirely different conclusions.
  6. Entrepreneurship

    Janet Yellen Success Story: Net Worth, Education & Top Quotes

    Look into the life and academic career of Janet Yellen, the first female chair of the Federal Reserve and a noted Keynesian economist.
  7. Taxes

    Winning The Jackpot: Dream Or Financial Nightmare?

    Don't assume all prizes are free. Many come with enough costs to render them worthless.
  8. Personal Finance

    United States - Salt Lake City 2002, Atlanta 1996, Los Angeles 1984

    These nations finished at or near the top of the medal table during the Olympic Games they hosted. Here is a look at some of the finances it took for these countries to be successful.
  9. Personal Finance

    Indiana University

    Indiana University is based in Bloomington, Ind., less than a couple of hours from the major metropolitan market of Indianapolis.
  10. Taxes

    Are Taxes the Solution for Income Inequality?

    Income inequality continues to increase. Why? And are taxes the solution?
RELATED FAQS
  1. What is the theory of asymmetric information in economics?

    Read a brief overview of asymmetric information theory in economics, the development of its main arguments and why some challenge ... Read Answer >>
  2. What is the difference between Keynesian and Neo-Keynesian economics?

    Learn how Neo-Keynesianism, which was developed in the post-war period, departs from classical Keynesian theory and how they ... Read Answer >>
  3. Clark recently purchased shares in ABC mutual fund with some funds from the sale ...

    The correct answer is c). When an investor receives declared dividends and capital gains distributions, they can implement ... Read Answer >>
  4. Do any markets not exhibit asymmetric information?

    Find out why every market possesses information asymmetry, and why this isn't necessarily a huge or insurmountable problem ... Read Answer >>
  5. Why aren't economists rich?

    "If you're so smart, how come you're not rich?" is a question that economists seem to invite. If they can explain the intricacies ... Read Answer >>
  6. Do all economists believe in perfect competition?

    Find out why neoclassical economists use unrealistic perfect competition models, and learn why other economists criticize ... Read Answer >>
Hot Definitions
  1. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  2. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  3. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center