Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, & His Intellectual Legacy | CWT

[@takeoverusa]

Truly appreciated this insightful conversation. Thank you both. JL

[@danecjensen]

Chapters (Powered by ChapterMe and @danecjensen) - 00:00 - Nobel Prizewinning economist Joseph Stiglitz discusses career evolution 00:56 - Lectures stimulate audiences understanding of corporate governance 05:39 - Amherst abolished fraternities in 1980 09:21 - Reflecting on his visits to Kenya in the 1960s 14:15 - Interlinking markets and cities Henry Georges insights 17:43 - Taxing landlords land, not buildings 18:57 - Economics of information tries to clarify tax principles 20:46 - Cambridge University tutor Joan Robinson My mind had been ruined 22:47 - I learned a lot from my tutor, Frank Khan 23:26 - MITs choice stay in Gary, see world 23:46 - Growing up in Gary, Indiana, influenced economics and coauthorship 26:51 - Coauthors Andy Weiss, Aminash Braverman, Fisher Black 29:01 - Impossibility of informationally efficient markets in 1980 33:31 - Model used for strategic trade policy 33:57 - Market power, resilience, and strategic trade policies 36:45 - US trade policies harm other countries 37:55 - Krugman Monetary policy plays bigger role than fiscal policy 39:27 - US credit rationing and housing bubble contributed to financial crisis 41:51 - Home prices now reasonable, efficiency wage theory contribution 44:30 - The importance of taking a broader view of the labor market 49:04 - Renewable energy advantages for developing countries 51:04 - Climate change, Hugo Chavez, Polands success, shock therapy 53:28 - Polands gradual economic reform 56:23 - The Road to Freedom, Economics, and the Good Society

[@barryweiss9977]

Right off the bat, he admits to being Communist

[@BandytaCzasu]

So, the Polish success is not the neck-breaking hard work of millions of Poles when Balcerowicz told them they're on their own, it's the "institutions". The bureaucrats and the EU saved the Poles, who were sitting and drinking vodka i guess. No wonder nobody is treating the Academia seriously anymore. The real experts are in the private sector.

[@abitbohr]

The words of Mr Stiglitz are disgusting when he speaks laughingly about "colonial" families being massacred in riots fueled by racial hatred; and then blaming the victims by imputing the failures of uneducated civil servents on the "colons" not teaching them.