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Joseph E.
Stiglitz delivers Lucia Memorial Lecture
By Irene Burgo
Joseph E. Stiglitz, professor of economics at
Columbia University and 2001 Nobel Laureate, delivered the Joseph L. Lucia
Memorial lecture on Oct. 5 at 7
p.m. in CEER Room 001.
Stiglitz was formerly a member of the Council of
Economic Advisors from 1993 to 1995, during the Clinton administration, and
served as CEA chairman from 1995 to 1997. He then became chief economic
senior vice president of the World Bank from 1997 to 2000.
A
world-renowned economic educator, Stiglitz is responsible for helping to
create a new branch of economics, “The Economics of Information,” that
explores consequences of information asymmetries and pioneering such pivotal
concepts as adverse selection and moral hazard, which have now become
standard tools not only of theorists, but of policy analysts. His work has
helped explain the circumstances in which markets do not work well and how
government intervention can improve their performance. The lecture was
sponsored by the College of Commerce and Finance’s department of economics. |
