Stiglitz

Can the Global Economy Thrive Without the U.S.?

Three years ago, the financial crisis that hit America spread across the globe, dragging the world into its deepest recession in seven decades. Now, the U.S. recovery is losing momentum, but economists say this time, when America sneezes, the world doesn't have to catch a cold.

Austerity Could Push Europe Back into Recession, Stiglitz Says

Joseph Stiglitz, a Nobel Prize-winning economist, said Europe risks falling back into recession as governments slash spending in a bid to narrow their budget deficits. "Cutting back willy-nilly on high-return investments just to make the picture of the deficit look better is really foolish," Stiglitz said today, according to Bloomberg News.

Stiglitz Calls for More Government Spending, Debt

Nobel Prize winner Joseph Stiglitz says the U.S. government needs to borrow even more money for additional stimulus, and it needs to do so now. Stiglitz argues that additional spending would pay for itself over time if done prudently.

'Too big to fail' distorts capitalism

Columbia University Economics Professor Joseph Stiglitz does not obfuscate, not when it comes to free markets, the global financial crisis, or...