Showing posts with label Joseph E. Stiglitz. Show all posts
Showing posts with label Joseph E. Stiglitz. Show all posts

Saturday, 14 May 2016

Monopoly’s New Era (Joseph E. Stiglitz, Project-Syndicate)

For 200 years, there have been two schools of thought about what determines the distribution of income – and how the economy functions. One, emanating from Adam Smith and nineteenth-century liberal economists, focuses on competitive markets. The other, cognizant of how Smith’s brand of liberalism leads to rapid concentration of wealth and income, takes as its starting point unfettered markets’ tendency toward monopoly. It is important to understand both, because our views about government policies and existing inequalities are shaped by which of the two schools of thought one believes provides a better description of reality

https://www.project-syndicate.org/commentary/high-monopoly-profits-persist-in-markets-by-joseph-e--stiglitz-2016-05

Wednesday, 16 March 2016

The New Generation Gap (Joseph E. Stiglitz, Project-Syndicate)

Something interesting has emerged in voting patterns on both sides of the Atlantic: Young people are voting in ways that are markedly different from their elders. A great divide appears to have opened up, based not so much on income, education, or gender as on the voters’ generation.

http://www.project-syndicate.org/commentary/new-generation-gap-social-injustice-by-joseph-e--stiglitz-2016-03

Friday, 19 February 2016

Closing Developing Countries’ Capital Drain (Joseph E. Stiglitz, Hamid Rashid, Project-Syndicate)

Developing countries are bracing for a major slowdown this year. According to the UN report World Economic Situation and Prospects 2016, their growth will average only 3.8% this year – the lowest rate since the global financial crisis in 2009 and matched in this century only by the recessionary year of 2001. And what is important to bear in mind is that the slowdown in China and the deep recessions in the Russian Federation and Brazil only explain part of the broad falloff in growth.

http://www.project-syndicate.org/commentary/developing-countries-capital-outflows-by-joseph-e-stiglitz-and-hamid-rashid-2016-02

Tuesday, 9 February 2016

What’s Holding Back the World Economy? (Joseph E. Stiglitz, Hamid Rashid, Project-Syndicate)

Seven years after the global financial crisis erupted in 2008, the world economy continued to stumble in 2015. According to the United Nations’ report World Economic Situation and Prospects 2016, the average growth rate in developed economies has declined by more than 54% since the crisis. An estimated 44 million people are unemployed in developed countries, about 12 million more than in 2007, while inflation has reached its lowest level since the crisis.

http://www.project-syndicate.org/commentary/whats-holding-back-the-global-economy-by-joseph-e--stiglitz-and-hamid-rashid-2016-02