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.

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  4. Laissez Faire

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    A period of time in which several European countries faced the ...
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