The man who called the financial crisis speaks at CBS

One of the world's 100 most influential people

On Friday 13 May, Joseph E. Stiglitz gives a lecture at CBS on governance and regulation of growth in the time after the financial crisis.

Stiglitz is an American economist and professor at Columbia University. In 2001, he won the Nobel Prize in economics together with George Akerlof and Michael Spence. He was financial adviser to president Clinton and has subsequently made verbal attacks on the American Federal Reserve and the World Bank, where he worked as a chief economist from 1997 to 2000.

Joseph E. Stiglitz is among the most quoted and famous economists in the world. That his points of view have international impact is illustrated by the fact that he ranked on TIME Magazine's 2011 list of the world's most influential people.

Globalisation and inequality

Joseph E. Stiglitz is particularly interested in the concern that the Third World is going to pay the price for globalisation. When he worked in the Clinton administration, he protested against large investments in the developing countries. He has become famous for his critical view on economists who swear by the free play of the market forces, and in the book "Making Globalization Work" from 2006, he formulates a concrete criticism of the current globalisation model.

His latest book "Freefall: America, Free Markets, and the Sinking of the World Economy” from 2010 does not paint a rosy picture of the American economy. He is a strong advocate of introducing financial reforms, which, according to himself, could have prevented the financial crisis, and he is critical of the Obama administration's current handling of the economy. According to Joseph E. Stiglitz, the increased inequality in the American society calls for reforms and regulation of growth.

When Joseph E. Stiglitz mounts the platform on Friday 13 May, he will speak about governance and regulation of growth.