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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: Joseph Stiglitz

Joseph Stiglitz stories: 8 news summaries

 Soros to Spend 
 $50M to Reinvent 
 Economics 


Fund manager's think tank charged with reinventing the field

(Newser) - George Soros has decided to spend $50 million to launch a new think tank charged with reinventing the field of economics, which the Hungarian-American billionaire calls "a dogma whose time has passed." The Institute of New Economic Thinking, whose board members include luminaries such as Joseph Stiglitz and... More »

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economics Alan Greenspan George Soros laissez faire economics Joseph Stiglitz financial crisis Jeffrey Sachs

OPINION

 US Too Scared to Take On 
 Monster Banks: Stiglitz

it's 'outrageous' bonuses aren't being curtailed, says economist

(Newser) - Underlying financial problems posed by ever-growing monster banks are worse now than before the economic crisis, but the Obama administration is reluctant to take them on, warns a Nobel Prize-winning economist. The so-called "too-big-to-fail banks" have become even bigger, and their troubles will further threaten the economy, Columbia University... More »

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Barack Obama Nobel Prize in Economics Joseph Stiglitz financial reform

(Newser) - If there’s any justice, Ben Bernanke will get another go-around at the helm of the Federal Reserve, Paul Krugman tells Bloomberg. “He’s earned the right to a second term,” the Nobel laureate says. “When the banking system failed to deliver capital where it was needed,... More »

OPINION

Only 2nd Stimulus Can Save US: Stiglitz

But Wall Street bailout has made it a dirty word, writes economist

(Newser) - Pundits can't help but ask whether the winter's fiscal stimulus has failed, and for Joseph Stiglitz it has—because the Obama administration made "political compromises that caused it to be less effective than it could have been." For the Nobel Prize-winning economist, there is no option but a... More »

OPINION

Taxpayers Lose in Treasury's Toxic Asset Plan

Nobelist Stiglitz blasts Obama adminstration for 'perverse' program

(Newser) - The Obama administration's massive public-private investment plan is good news for banks, good news for investors—and bad news for the taxpayer, writes Joseph Stiglitz. In an op-ed for the New York Times, the Nobel Prize-winning economist accuses the Treasury of "replicating the flawed system" that caused this crisis,... More »

opinion

 Whom to Thank for This Mess 

Bad decisions starting in the '80s triggered the credit crisis

(Newser) - This financial crisis brewed over decades of bad decisions, and, in Vanity Fair, economist Joseph Stiglitz makes sure credit is given where due:
  • In 1987 President Reagan appointed anti-regulation Alan Greenspan to a regulatory post.
  • Greenspan offered the markets a "flood of liquidity" that boosted inflation
... More »

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Alan Greenspan tax cuts Reaganomics Joseph Stiglitz bank regulation deregulation financial crisis Wall Street bailout

 Bush Sees Success as
 Iraq War Turns 5 

Bush says the war must be won

(Newser) - On the fifth anniversary of launching the shock-and-awe assault that toppled Saddam Hussein's regime in Iraq, President Bush will make a major speech at the Pentagon today, CNN reports. In excerpts from the speech he acknowledges that "the fight in Iraq was faltering," but praises the progress in... More »

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Iraq Saddam Hussein Barack Obama Hillary Clinton Baghdad surge al-Qaeda Iraq war Joseph Stiglitz George W. Bush invasion Council of Economic Advisers

Iraq's Toll Spirals Into Trillions

Iraq may cost up to $12.5B each month

(Newser) - In 2002 Donald Rumsfeld envisioned an Iraq war price tag of "something under $50 billion," but a Harvard professor and a Nobel-prize winning economist now pin the total cost at $3 trillion, with a "running cost" of $12.5 billion a month. As the Iraq war enters... More »

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veterans Donald Rumsfeld oil price Iraq war Linda Bilmes Joseph Stiglitz Iraq war spending war cost

8 Stories