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Joseph Stiglitz is a Nobel laureate and a professor at Columbia University,
where he holds a chair and joint professorships in the Graduate School of
Economics, School of International and Public Affairs, and its Graduate School
of Business. He is co-founder and executive director of the Initiative for
Policy Dialogue. Stiglitz helped create a new branch of economics, the
economics of information, exploring the consequences of information asymmetries
and pioneering such pivotal concepts as adverse selection and moral hazard,
which have now become standard tools of theorists and policy analysts. He has
made major contributions to macro-economics and monetary theory, to development
economics and trade theory, to public and corporate finance, to the theories of
industrial organization and rural organization, and to the theories of welfare
economics and of income and wealth distribution. In the 1980s, he helped revive
interest in the economics of R&D. His work has helped explain the
circumstances in which markets do not work well, and how selective government
intervention can improve their performance.
The Carnegie Council is honored to have Joseph Stiglitz on on the Advisory
Board of its online magazine, Policy Innovations and on the Committee of the
Carnegie Council/New School project, Ethics
and Debt.
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