Toward a just society : Joseph Stiglitz and twenty-first century economics / Martin Guzman.

Format:

Book

Contributor:

Guzman, Martin, editor.

Language:

English

Subjects (All):

Stiglitz, Joseph E--Political and social views.

Stiglitz, Joseph E.

Poverty.

Social policy.

Finance.

Economic development.

Physical Description:

1 online resource (573 pages) : illustrations

Place of Publication:

New York, NY : Columbia University Press, [2018]

Language Note:

In English.

Summary:

Joseph Stiglitz is one of the world's greatest economists. He has made fundamental contributions to economic theory in areas such as inequality, the implications of imperfect and asymmetric information, and competition, and he has been a major figure in policy making, a leading public intellectual, and a remarkably influential teacher and mentor. This collection of essays influenced by Stiglitz's work celebrates his career as a scholar and teacher and his aspiration to put economic knowledge in the service of creating a fairer world.Toward a Just Society brings together a range of essays whose breadth reflects how Stiglitz has shaped modern economics. The contributions to this volume, all penned by high-profile authors who have been guided by or collaborated with Stiglitz over the last five decades, span microeconomics, macroeconomics, inequality, development, law and economics, and public policy. Touching on many of the central debates and discoveries of the field and providing insights on the directions that academic economics could take in the future, Toward a Just Society is an extraordinary celebration of the many paths Stiglitz has opened for economics, politics, and public life.

Contents:

Frontmatter

Contents

Preface / Stiglitz, Joseph

Introduction / Guzman, Martin

PART I: Inequality

1. A Firm-Level Perspective on the Role of Rents in the Rise in Inequality / Furman, Jason / Orszag, Peter

2. Parents, Children, and Luck: Equality of Opportunity and Equality of Outcome / Kanbur, Ravi

3. The Middle Muddle: Conceptualizing and Measuring the Global Middle Class / Jayadev, Arjun / Lahoti, Rahul / Reddy, Sanjay

PART II: Microeconomics

4. Companies Are Seldom as Good or as Bad as They Seem at the Time / Smith, Gary

5. What's So Special About Two-Sided Markets? / Hermalin, Benjamin E. / Katz, Michael L.

6. Missing Money and Missing Markets in the Electricity Industry / Newbery, David

7. Thoughts on DSGE Macroeconomics: Matching the Moment, But Missing the Point? / Korinek, Anton

8. The "Schumpeterian" and the "Keynesian" Stiglitz: Learning, Coordination Hurdles, and Growth Trajectories / Dosi, Giovanni / Virgillito, Maria Enrica

9. Deleterious Effects of Sustained Deficit Spending / Phelps, Edmund

10. The Rediscovery of Financial Market Imperfections / Williams, John C.

PART IV: Networks

12. Use and Abuse of Network Effects / Varian, Hal

13. Financial Contagion Revisited / Allen, Franklin / Gale, Douglas

14. The Economics of Information and Financial Networks / Battiston, Stefano

PART V: Development

15. Joseph Stiglitz and China's Transition Success / Lin, Justin Yifu

16. The Sources of Chinese Economic Growth Since 1978 / Lau, Lawrence J.

17. Knowledge as a Global Common and the Crisis of the Learning Economy / Pagano, Ugo

18. Conservatism and Switcher's Curse / Edlin, Aaron

19. The "Inner Logic" of Institutional Evolution: Toward a Theory of the Relationship Between Formal and "Informal" Law / Haldar, Antara

PART VII: Public Policies

20. Joe Stiglitz and Representative and Equitable Global Governance / Ocampo, José Antonio

21. The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan / Bilmes, Linda J.

22. It Works in Practice, But Would It Work in Theory? Joseph Stiglitz's Contribution to Our Understanding of Income Contingent Loans / Chapman, Bruce

23. The Public Economics of Long-Term Care / Pestieau, Pierre / Ponthiere, Gregory

24. Jomo E. Stiglitz: Kenya's First Nobel Laureate in Economics / Monga, Célestin

List of Contributors

Index

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Sep 2018)

ISBN:

9780231546805

0231546807

OCLC:

1029094944