Joseph Stiglitz: New Ideas for a New World

Three years after the global financial crisis, some of the biggest names in economics came together with the International Monetary Fund to discuss what we have learned―and what we need to do differently. Hear what Professor Stiglitz, winner of the Nobel Prize in Economics, has to say.

Category:

News & Politics

Tags:

• economic crisis
• economic models
• banks
• Nobel laureates
• Nobel prize winners
• Joseph Stiglitz
• finance
• growth
• regulation
• too big to fail
• rich
• redistribution of wealth
• rethinking economic theory
• fiscal policy
• monetary policy
• inflation
• unemployment
• Europe
• sovereign debt crisis
• central banks

[Jack102589]

All these 13-year-old libertarians disliking the video... you people should read Stiglitz' Globalization and its Discontents. His research is based on the fact that markets do not by themselves necessarily function efficiently or produce sufficient outcomes.  He's also done work on information asymmetry. A quick look at history can verify the fact that government spending CAN stimulate an economy, and that government action does not necessarily hinder the economy.

[DarrinRT]

@mrzepfix71 Austrian economics is a joke. They don't believe in empirical testing and or in externalities. Enough said. Anyone who doesn't understand that should get educated... if they can get accepted somewhere.

[Tsnore]

There are too many variables for even geniuses to get thier minds around it.

[dankbot420]

that side shot is weird....

[mzee101]

read black swan 

[hugolp]

@DaschRio Stiglitz in 2007 still was doubting if there was going to be a crisis, for example in his article in the Guardian of 2007. But you are telling me that in 2003 he knew... Maybe he keeps playing both sides as to be always right.

[bestingovernment]

The crisis and the deficit are the two faces of the globalist plan of ruining world economy to install a global dictatorship.

[das52]

@DaschRio Dude Although I agree with your point that most New/Neo Keynesian economists to an extent predicted the crisis but Brazil and China were never in the Crisis never mind getting out of crisis.

[iam1inamil]

....we didn't have a free market....there was always government intervention.....private ,behind the scenes manipulation....it was all scientifically engineered to benefit those in control

[greenback001]

So the same guys who created this global economic disaster are now trying to pretend they are the ones who will provide the solutions. You can fool some of the people some of the time, but you can't fool all of the people all of the time. It's time for these IMF & World Bank and fiat money Central Banker dudes to get a real job and stop living off of others based on their ponzi schemes.