Lessons from Leading Minds
Chapter: Joseph E. Stiglitz (Columbia University)
Joseph Stiglitz was born in Gary, Indiana in 1943, and received a liberal arts education (originally majoring in physics, but switching to mathematics and economics) at Amherst College. He left Amherst to obtain a PhD at the Massachusetts Institute of Technology in 1963, was awarded a BA by Amherst in 1964, left MIT a year later to study at the University of Cambridge, under a Fulbright Scholarship, and, after completing his MIT doctoral dissertation, taught there as an assistant professor during the academic year 1966–1967. Shortly after arriving at Cambridge, he was appointed as a Tapp Junior Research Fellow at Gonville and Caius College, a position which he held until 1970. He taught at Yale University from 1967 to 1974, and was promoted to full Professor there in 1970. He has also taught at Stanford University, 1974–1976 and 1988–2001, Oxford University, 1976–1979, Princeton University, 1979–1988, and Columbia University, where he currently serves as University Professor. Professor Stiglitz is best known for his research on the economics of information, in particular exploring the consequences of informational asymmetries and pioneering the concepts of adverse selection and moral hazard. He has also made major contributions to macroeconomics and monetary theory, to development economics and trade theory, to public and 409 Columns Design XML Ltd / Job: Bowmaker-Art_and_Practice_Economics_Research / Division: 22Stiglitz /Pg. Position: 1 / Date: 9/7 JOBNAME: Bowmaker PAGE: 2 SESS: 3 OUTPUT: Thu Aug 23 16:50:48 2012 410 The art and...
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