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A diverting Beltway pastime during the heyday of the Washington Consensus was to gently mock Joseph E. Stiglitz. It was remarkably easy for pundits to wave away his prestigious awards (Nobel Prize in Economics) and positions (World Bank chief economist, chairman of Bill Clinton’s Council of Economic Advisers) and dismiss his warnings about “market fundamentalism” […]

Through much of this spring, President Trump has made a big deal out of Rep. Alexandria Ocasio-Cortez (D-N.Y.) and Sen. Bernie Sanders (I-Vt.) calling themselves democratic socialists. He likens them to Venezuelan dictator Nicolás Maduro. But no one in the United States is advocating a government takeover of coal mines or oil fields — not […]

He appointed Swaminathan Gurumurthy, Hindu nationalist ideologue, to the board of the Reserve Bank of India–a man of whom the renowned Columbia economist Jagdish Bhagwati said, “If he’s an economist, I’m a Bharatanatyam dancer.” 

A top economist who has worked for years with the United Nations is claiming that U.S. sanctions are responsible for more than 40,000 deaths in Venezuela and that such actions are illegal under international and U.S. law — his latest attack on the Trump administration in recent weeks. Jeffrey Sachs, an economist at Columbia University and a Sustainable […]

Joseph Stiglitz talks about solutions to growing inequality, Universal Basic Income and the future of work in a conversation at the New York Stock Exchange. … The professor at Columbia University also argues that mass movements are necessary to change the publicly set rules driving the economy in his new book, People, Power, and Profits: Progressive Capitalism for an Age […]