Joseph Stiglitz is a economic professor of Columbia University, where many great value investors were made. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists") and some international institutions like the International Monetary Fund and the World Bank. In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003.
Today as the DOW crossed 10,000 points again for the 21 time, CNBC interviewed him on the subject and his view on the economy in general. Stiglitz belongs to the camp believing the economy growth may not be sustainable going into in the next year.
Today as the DOW crossed 10,000 points again for the 21 time, CNBC interviewed him on the subject and his view on the economy in general. Stiglitz belongs to the camp believing the economy growth may not be sustainable going into in the next year.
