America’s economy has not been working for a large portion of the country. Workers at the bottom of the income scale earn wages, adjusted for inflation, that are not much higher than what they were 60 years ago, while the income of a typical full‐time male worker hasn’t budged much from 40 years ago. In addition, life expectancy is in decline. … Joseph E. Stiglitz is University Professor at Columbia University and winner of the Nobel Prize in Economics.
Globalization sits at the center of America’s economic crisis. On one side, critics of globalization blame it for the plight of America’s suffering middle class. According to President Trump, our trade negotiators got snookered by those smart negotiators from other countries. We signed bad trade deals that led to the loss of American industrial jobs. This criticism of globalization has found enormous resonance, especially in the parts of the country that experienced deindustrialization. … Joseph Stiglitz is a professor of economics at Columbia University.
The U.S. should tackle worsening social inequality with measures including updated antitrust rules, according to economist Joseph Stiglitz. … “One of the problems is the concentration of market power — and that means we have to have renewed competition policy, renewed antitrust,” Stiglitz, a professor at Columbia University, said in a Bloomberg Television Interview with Francine Lacqua and Tom Keene.
Jagdish N. Bhagwati, an economist at Columbia and an expert in development economics and international trade, who likes Sanders and supported him in 2016, is critical of Sanders’ policies. In a phone interview,Bhagwati described Sanders’ thinking as “a little bit naive,” displaying little “understanding of the complexity of the issues he raises.” Sanders, Bhagwati says, is in great need of “first-rate people to sort things out.”
“The root causes of the low dollar coffee prices are the high productivity of Brazilian production, the strong dollar and the weak Brazilian real,” said economist Jeffrey Sachs, director at Columbia University’s Center for Sustainable Development, which is undertaking a farmer welfare study backed by the intergovernmental International Coffee Organization. “Basically, Brazil is undercutting global costs,” he said.
Economist and co-founder of Global Thermostat, Graciela Chichilnisky, estimates that CO2 could become a trillion dollar market.