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“... It has become a commonplace to say, in the aftermath of the Great Recession, that ‘we are all Keynesians now.’ If this is so, then Keynes’s great biographer, Robert Skidelsky, should have much to say about the recession, its causes and the appropriate cures. And so indeed he does. I share with Skidelsky the view that, while most of the blame for the crisis should reside with those in the financial markets, who did such a poor job both in allocating capital and in managing risk (their key responsibilities), a considerable portion of it lies with the economics profession ...”

“... if not free. The Iraq war has been expensive – very expensive. In the ‘best-case’ scenario, Joseph Stiglitz and Linda Bilmes report in The Three Trillion Dollar War, it will cost over $2 trillion; their ‘realistic-moderate’ estimate rises to almost $5 trillion.* And that’s just the cost to the United States. Gordon Brown reserved £1 billion ...”

“... between the two institutions has recently blurred. In Globalisation and Its Discontents (2002), Joseph Stiglitz found more to object to than to approve in this system, denouncing, for example, the IMF’s doctrinaire response to the financial crises that overwhelmed East Asian countries in the late 1990s. Now, in Making Globalisation Work, he proposes ...”

“... to be the person who inspired the slogan of Occupy Wall Street: ‘We are the 99 per cent.’ Joseph Stiglitz thinks it might be him, on the back of an article he wrote for Vanity Fair in 2011 entitled: ‘Of the 1 per cent, by the 1 per cent, for the 1 per cent.’ Others think it was the economist Emmanuel Saez, who helped popularise the idea that ...”

“... us to make them; or, as John Gray has put it: ‘We are forced to live as if we were free.’ Joseph Stiglitz recently wrote that, although there is a growing consensus among economists that any bailout based on Henry Paulson’s plan won’t work, ‘it is impossible for politicians to do nothing in such a crisis. So we may have to pray that an ...”

“... of the economy itself, redistribution on its own will have you running up the down escalator. Joseph Stiglitz, whose essays and articles of the last ten years – since just before the onset of the financial crisis – are gathered together in The Great Divide, is another writer who resists the argument that increased inequality is a corollary of ...”

“... has happened. When capitalism went into crisis in 2008, the scale of the disaster was such that Joseph Stiglitz was convinced it was the end of neoliberalism, that new economic structures would be needed. Wrong, alas, on both counts. The EU rejected any notion of stimulus, except for the banks whose recklessness, backed by politicians, had been ...”

“... an older activist asked of the Mélenchon manifesto. A programme derived from Keynes via Joseph Stiglitz, it was mild, he thought, by comparison with the ‘common programme’ that brought Mitterrand to power in 1981. His young comrades were inspired, they told me, as they hadn’t been by candidates in previous elections. They would stay in ...”

“... military expenditure is echoed by some prominent US economists in relation to their own country. Joseph Stiglitz (a Corbyn adviser on the economy) and Linda Bilmes have argued that America’s spending on wars since 2003, estimated now at nearly $8 trillion, is crippling the country. ‘A trillion dollars,’ they note, could have built eight million ...”

“... of the status quo and instead become its critic. In this respect his closest analogue is Joseph Stiglitz, also once of MIT, a member of the Clinton administration and chief economist to the World Bank. Both men have indisputable standing as members of the elite club of New Keynesians: Stiglitz was awarded the ...”

“... from Keynes himself, modern day economists of a reformist disposition, such as Thomas Piketty and Joseph Stiglitz, nonetheless reprise the sensibility typical of Keynesianism. Keynes​ was the paradigm, but was he the first Keynesian? Mann’s answer is bold. If Keynesianism is a constructive liberal response to revolution, a response that seeks to ...”

“... of Goldman Sachs executives, might have done better if mixed with economists of other views like Joseph Stiglitz and Paul Krugman. Obama knew little economics, however, and he took the word of the orthodox. It would have been wiser, from a merely prudential standpoint, to consult Summers behind a screen. But Obama has always craved legitimacy in a ...”

“... a rentier economy.Savage dates the emergence of a new ‘inequality paradigm’ to 2011, when Joseph Stiglitz, and then Piketty and his colleague Emmanuel Saez, publicly identified the ‘1 per cent’ as the source of America’s economic and social problems. The study of financial elites, rentier power, global inequality and wealth management took ...”

“... values unsustainably. Why was so much capital so badly misallocated? In the LRB of 22 April 2010, Joseph Stiglitz observed that the savings glut ‘could equally well be described as an “investment dearth”’, reflecting a scarcity of attractive investment opportunities. Stiglitz suggests that global warming ...”

“... thinkers on political economy – John Stuart Mill, Braudel, Karl Polanyi, Immanuel Wallerstein, Joseph Stiglitz – in their critique of the neo-liberal model of growth. In recent years, Cui’s articles in Dushu, a monthly journal of ideas co-edited by Wang Hui, the New Left author of a history of modern Chinese thought, have influenced a significant ...”