Joseph E. Stiglitz: The Powells.com Interview

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Joseph E. Stiglitz: The Powells.com Interview

After sitting on the President’s Council of Economic Advisers from 1995 to 1997, acting as Chief Economist and Senior Vice-President of the World Bank from 1997 to 2000, and winning the Nobel Prize for economics in 2001, Joseph E. Stiglitz has clearly established his bona fides. As one of the leading economists in the world, his expertise has been sought after by policy wonks and power brokers from advanced economies and from developing nations alike.

In his previous book, Freefall: America, Free Markets, and the Sinking of the World Economy, Stiglitz argued that the financial crisis that began in 2008 was the result of structural changes made to the U.S. economy starting in the 1980s — and that since the crisis, we have only made things worse.

In his new book, The Price of Inequality: How Today’s Divided Society Endangers Our Future, he argues that over the past few decades, our government and our economy have become increasingly corrupt. The system has been rigged to shovel up the ladder as much of the country’s wealth as possible, from the poor and middle class to the wealthy — and, increasingly, to the super-wealthy: the “one percent.” Ultimately, he argues, this will…

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July 1st, 2012|