Joseph Stiglitz ’64 in DC

imageFreefall: the World Economy and the Great Recession

Joseph E. Stiglitz ’64, Professor of Economics, Columbia University; Nobel Laureate in Economics (2001); Amherst College Trustee

Addressing a gathering of alumni in Washington DC, Joseph Stiglitz talks about his latest book, Freefall: the World Economy and the Great Recession, which explains the current financial crisis and the coming global economic world order. Drawing on his academic expertise, his years spent shaping policy in the Clinton administration and at the World Bank, and his more recent role as head of a UN commission charged with reforming the global financial system, Stiglitz outlines a way forward building on ideas that he has championed his entire career: restoring the balance between markets and government, addressing the inequalities of the global financial system, and demanding more good ideas (and less ideology) from economists.

Professor Stiglitz is introduced by Amherst College President Anthony W. Marx.

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Questions and AnswersFollowing his talk, Professor Stiglitz took questions from the audience on a range of topics including the proposed Consumer Financial Protection Agency, the role of securitization in the financial meltdown, the mortgage crisis and the re-appointment of Federal Reserve Chairman Ben Bernanke.
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Recorded on January 27, 2010