Joseph Stiglitz

AAA

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.

INVESTOPEDIA EXPLAINS '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. Keynesian Economics

    An economic theory of total spending in the economy and its effects ...
  2. Laissez Faire

    An economic theory from the 18th century that is strongly opposed ...
  3. The World Bank

    An international organization dedicated to providing financing, ...
  4. Market Economy

    An economic system in which economic decisions and the pricing ...
  5. Free Enterprise

    An economic system where few restrictions are placed on business ...
  6. Steve Cohen

    A trading magnate also referred to as the Hedge Fund King and ...
Related Articles
  1. Economics

    Can The IMF Solve Global Economic Problems?

    The IMF is an important tool to help struggling countries, but it's not without its problems.
  2. Microfinance groups lend to customers who have low incomes.
    Insurance

    An Introduction to Microfinance

    Is microfinance a way to help the poor, or will it just make them poorer?
  3. Insurance

    What Is The World Bank?

    You've heard of the World Bank, now find out how it functions and why some groups oppose it.
  4. Fundamental Analysis

    An Introduction To The International Monetary Fund (IMF)

    Chances are you've heard of the IMF. But what does it do, and why is it so controversial?
  5. Economics

    What Is An Emerging Market Economy?

    Emerging markets provide new investment opportunities, but there are risks - both to residents and foreign investors.
  6. Facebook Developing New Technologies To Stay On Top
    Investing Basics

    Facebook's Quest For Relevance Leads To New Tech

    the seed from which Facebook sprouted was an immature, perhaps even tacky website that allowed the student community to vote on the appearance of their fellow students.
  7. Investing

    Patrick Byrne's Interest In Bitcoin Was A Good Call, It Turns Out

    Patric Byrne and his interest in Bitcoin is much beyond a 'publicity stunt' that many had initially alleged. He sees a future in cryptocurrency.
  8. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.
    Professionals

    What is a SWOT Analysis?

    SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis is a management tool used to identify strategies for success. It may be used to guide individual thinking, group ...
  9. Charles Schwab saw a huge return on his investment in the small-investor market. Today, he serves as executive chairman and largest shareholder of his namesake brokerage, which oversees 9.3 million client accounts.
    Investing News

    How Much Money Does Charles Schwab Have?

    Charles Schwab saw a huge return on his investment in the small-investor market. Today, he serves as executive chairman and largest shareholder of his namesake brokerage, which oversees 9.3 million ...
  10. What do you do with your money when you're one of the world's wealthiest individuals? If you're Carlos Slim, you give a lot away.
    Investing News

    Where Does Carlos Slim Keep His Money?

    What do you do with your money when you're one of the world's wealthiest individuals? If you're Carlos Slim, you give a lot away.

You May Also Like

Hot Definitions
  1. Christmas Island Dollar

    The former currency of Christmas Island, an Australian island in the Indian Ocean that was discovered on December 25, 1643. ...
  2. Santa Claus Rally

    A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with other commodities of the same type. Commodities are most often ...
  4. Deferred Revenue

    Advance payments or unearned revenue, recorded on the recipient's balance sheet as a liability, until the services have been ...
  5. Multinational Corporation - MNC

    A corporation that has its facilities and other assets in at least one country other than its home country. Such companies ...
  6. SWOT Analysis

    A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, ...
Trading Center