Global thought leader and educator, Joseph Stiglitz is a renowned American economist, prominent professor at Columbia University New York and co-chair of the university's Global Thought Committee. He is also the co-founder and co-president of the Initiative for Policy Dialogue at Columbia.
A graduate of Amherst College in Massachusetts, Stiglitz received his PhD from the Massachusetts Institute of Technology (MIT) in 1967, and became a full professor at Yale in 1970. In 1979, the American Economic Association awarded Stiglitz the John Bates Clark Award, recognising him as a leading economist under the age of 40 who has made a significant contribution to the field.
Stiglitz has taught at numerous prestigious universities including Princeton, Stanford, Duke and MIT, and was the Drummond Professor of Political Economy and a fellow of All Souls College, Oxford.
In 1993, Stiglitz served as a member of the Council of Economic Advisers for the Clinton administration. Two years later he was appointed chairman and held the post until 1997. He then became chief economist and senior vice-president of the World Bank until 2000.
His academic milestones include over 40 honorary doctorates, at least eight honorary professorships and an honorary deanship.
In 2008, he was asked by French President, Nicolas Sarkozy to chair the Commission on the Measurement of Economic Performance and Social Progress. A year later, he was appointed by the president of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System.
Stiglitz was awarded the Nobel Memorial Prize in Economic Sciences for his analyses of markets with asymmetric information in 2001. He was also a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. Four years later, Time Magazine named him one of the 100 most influential people in the world.
In 2012, Stiglitz was appointed president of the International Economic Association (IEA), an international federation of national economic associations, formed by a core group of academics, scholars and distinguished economists from developed and developing countries. He is currently presiding over the organisation of the 17th IEA triennial World Congress that will be held at the King Hussein Bin Talal Convention Center in the Dead Sea, Jordan in June 2014.
Stiglitz is a New-Keynesian economist renowned for helping create a new branch of economics: "The Economics of Information”.
Globally celebrated as a leading economic educator with a critical approach, Stiglitz founded one of the world’s leading economics journals, The Journal of Economic Perspectives, and has penned over 20 textbooks that have been translated into more than a dozen languages. His book Globalization and Its Discontents was translated into 35 languages, and has sold more than one million copies worldwide. Other books include The Roaring Nineties; Towards a New Paradigm in Monetary Economics; Fair Trade for All; Making Globalization Work; The Three Trillion Dollar War; and Freefall. His most recent piece was published in 2012 and is titled The Price of Inequality.