February 10, 2020
6:00 pm - 8:00 pm
People, Power, and Profits
Joseph E. Stiglitz, 2001 Nobel Laureate in Economics, will discuss his new book, People, Power, and Profits. Professor Stiglitz will focus on aspects of the American system that may have led to some of the frustrations of our day. Center stage in this discussion is the increase in the market power of firms, which has led to less competition and a greater benefit for those companies through pricing power and government lobbying. He will also discuss issues such as globalization and technology, which have led to a decline in the wages of many American workers. Professor Stiglitz will provide some ideas of how we can make things better for the future. Finally, some of the important issues will be further discussed in a Q&A with USF’s Professor Ludwig Chincarini.
MORE ON SPEAKER:
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president’s) Council of Economic Advisers. He has been a member of the Columbia faculty since 2001 and received that university’s highest academic rank (university professor) in 2003. In 2011 Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz’s work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, and several bestsellers. His most recent titles are People, Power, and Profits, Globalization and Its Discontents Revisited, The Euro and Rewriting the Rules of the American Economy.