“Freefall: America, Free Markets, and the Sinking of the World Economy”
February 18, 2010
A talk by Columbia University professor Joseph Stiglitz.
The current global financial crisis carries a "made in America" label. In Freefall, Nobel laureate Joseph Stiglitz explains how America exported bad economics, bad policies, and bad behavior to the rest of the world, only to cobble together a haphazard and ineffective response when the markets finally seized up. 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 then 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. Freefall combines an account of the current crisis with a discussion of the broader economic issues at stake.
Joseph E. Stiglitz received the 2001 Nobel Prize for Economics. He is the author of Making Globalization Work, Globalization and Its Discontents, and The Three Trillion Dollar War (with Linda Bilmes). He teaches at Columbia University.
From the World Beyond the Headlines lecture series.