Joseph Stiglitz
Columbia Nobel laureate whose work on asymmetric information, screening, and equilibrium unemployment underpins modern market-failure economics—and whose public voice challenges laissez-faire finance and austerity conditionality.
With Akerlof and Spence he shared the 2001 prize for analyses where hidden information distorts markets—credit rationing, adverse selection, and signaling reshape macro- and micro-policy design beyond perfect-competition baselines.
As World Bank chief economist and author of *Globalization and Its Discontents*, he attacked sequencing of capital-market liberalization and IMF programs during the Asian and Latin American crises—often debated against defenders of market discipline.
Antitrust and power
His later syntheses tie rent seeking, corporate power, and inequality to sluggish growth—overlapping glossary material on competition, market concentration, and industrial policy without reducing antitrust to consumer prices alone.
Connect to site themes
Pairs with market efficiency, financial crisis, globalization, and economists-in-public-policy topics on this site.