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Joseph Stiglitz, winner of the Nobel Prize for Economics, discusses the state of the world’s economy in this interview, offering policy interventions to better serve society’s economic needs. Pointing to a grave failure of modern macroeconomic theory to predict the financial crisis, Stiglitz calls for new economic models from within the field to build a framework that maximizes individual capacity and advances society’s interests.
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Joseph Stiglitz, winner of the Nobel Prize for Economics, discusses the state of the world’s economy in this interview, offering policy interventions to better serve society’s economic needs. Pointing to a grave failure of modern macroeconomic theory to predict the financial crisis, Stiglitz calls for new economic models from within the field to build a framework that maximizes individual capacity and advances society’s interests.
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