Date of Birth: February 9, 1943
Zodiac Sign: Aquarius
Biography
Joseph Eugene Stiglitz is an American economist renowned for his work on income distribution, risk, corporate governance, public policy, macroeconomics, and globalization. Born in Gary, Indiana, Stiglitz has had an illustrious career that spans academia, government service, and international advisory roles. He is a former senior vice president and chief economist of the World Bank and is a professor at Columbia University. Stiglitz is perhaps best known for his pioneering work on the economics of information, which earned him the Nobel Memorial Prize in Economic Sciences in 2001, alongside George Akerlof and Michael Spence. Stiglitz attended Amherst College and later transferred to the Massachusetts Institute of Technology (MIT), where he earned his Ph.D. in economics in 1967. His academic career has included positions at prestigious institutions such as Yale, Stanford, Duke, Oxford, and Princeton. His work has profoundly impacted economic policy and theory, particularly through his critique of unfettered free markets and his advocacy for government intervention in the economy. Stiglitz has authored numerous books and articles, including “Globalization and Its Discontents,” “The Price of Inequality,” and “People, Power, and Profits.” His writings often focus on the adverse effects of globalization, inequality, and the need for progressive economic policies.
5 Interesting Facts about Joseph Stiglitz
1. Joseph Stiglitz served as the chair of President Bill Clinton’s Council of Economic Advisers from 1995 to 1997.
2. He was awarded the John Bates Clark Medal in 1979, an honor given to economists under the age of 40 who have made significant contributions to economic thought.
3. Stiglitz has been a vocal critic of the International Monetary Fund (IMF) and its policies, particularly during the Asian financial crisis.
4. He co-founded the Initiative for Policy Dialogue, a think tank focused on international development and global economic policy.
5. Stiglitz has been a member of the Pontifical Academy of Social Sciences, advising the Vatican on economic issues.
5 Most Interesting Quotes from Joseph Stiglitz
1. “The modern economy rewards self-interest far more than it does generosity.”
2. “In the long run, the economic interests of all the world’s peoples converge.”
3. “Globalization is only making things worse as inequalities widen.”
4. “The true test of any society is how it treats its most vulnerable members.”
5. “Economics is not only about profits and markets; it’s about people and their well-being.”
Highest Net Worth Achieved
The highest net worth achieved by Joseph Stiglitz is estimated to be around $10 million.
Children
Joseph Stiglitz has three children: one daughter, Siobhan Stiglitz, and two sons, Michael Stiglitz and Edward Stiglitz.
Relevant Links
2. [Columbia University Faculty Profile](https://econ.columbia.edu/econpeople/joseph-stiglitz/
3. [Books by Joseph Stiglitz on Amazon](https://www.amazon.com/Joseph-E.-Stiglitz/e/B000AQ1V3C
4. [Joseph Stiglitz on Twitter](https://twitter.com/josephestiglitz
5. [The Initiative for Policy Dialogue](http://policydialogue.org/
