Joseph Stiglitz

Biography

American economist and Nobel laureate (2001). Former Chief Economist of the World Bank.

New Keynesian Economics

"The problem is not that AI will take all the jobs, but that the benefits of AI-driven productivity gains won't be equally shared."

—Joseph Stiglitz, People, Power, and Profits (2019), p. 142, W. W. Norton & Company

"We've moved from an economy based on manufacturing to one based on information, but our economic models haven't caught up."

—Joseph Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe (2016), p. 89, W. W. Norton & Company