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Joseph Stiglitz
Joseph Stiglitz
Freefall: Free Markets and the Sinking of the Global Economy
Joseph Stiglitz
,
2010
This devastating and inspiring book, by one of the world's leading economic thinkers, lays out not only the course of the financial crisis which began in 2007, but its underlying causes, and shows why much more radical reforms are needed than are currently being contemplated if we are to avoid similar 'systemic' crises in the future. It shows why the bailout has been only marginally effective and how it could have been much more so, and outlines the enormous opportunity — not yet taken — to design a new global financial architecture. It is highly critical of many of the actions not only of George Bush's administration, but also of Barack Obama's. It shows why the bulk of the cost of recovery should be borne by those in the financial sector — not just for reasons of natural justice, but for compelling economic reasons also. More than any of this, it reminds readers to think constantly about what economies are for, and the human purposes they serve. Freefall is an instant classic, combining an enthralling whodunit account of the current crisis with a bracing discussion of the broader economic issues at stake.
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Globalization and Its Discontents
Joseph Stiglitz
,
2003
Our world is changing. Globalization is not working. It is hurting those it was meant to help. And now, the tide is turning … Explosive and shocking, «Globalization and Its Discontents» is the bestselling exposé of the all-powerful organizations that control our lives – from the man who has seen them at work first hand. As Chief Economist at the World Bank, Nobel Prize-winner Joseph Stiglitz had a unique insider’s view into the management of globalization. Now he speaks out against it: how the IMF and WTO preach fair trade yet impose crippling economic policies on developing nations; how free market ‘shock therapy’ made millions in East Asia and Russia worse off than they were before; and how the West has driven the global agenda to further its own financial interests. Globalization can still be a force for good, Stiglitz argues. But the balance of power has to change. Here he offers real, tough solutions for the future.
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Making Globalization Work: The Next Steps to Global Justice
Joseph Stiglitz
,
2006
Why isn`t globalization benefitting as many people as it should? The author shows us that things can change and that an optimistic world can exist where globalization really does work. He examines how change has occurred rapidly over the past four years, proposing solutions and looking to the future.
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