Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy
Conversations with Tyler
Conversations with Tyler
4.8 • 2.4K Ratings
🗓️ 26 June 2024
⏱️ 50 minutes
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Summary
Nobel Prize-winning economist Joseph Stiglitz joined Tyler for a discussion that weaves through Joe’s career and key contributions, including what he learned from giving an 8-lecture in Japan, how being a debater influenced his intellectual development, why he tried to abolish fraternities at Amherst, how studying Kenyan sharecropping led to one of his most influential papers, what he thinks today of Georgism and the YIMBY movement, why he was too right-wing for Cambridge, why he left Gary, Indiana, his current views on high trading volumes and liquidity, the biggest difference between him and Paul Krugman, what working in Washington, DC taught him about hierarchies, what he’ll do next, and more.
Read a full transcript enhanced with helpful links, or watch the full video.
Recorded April 22nd, 2024.
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Transcript
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| 0:00.0 | Conversations with Tyler is produced by the Mercadus Center at George Mason University, |
| 0:09.0 | bridging the gap between academic ideas and real world problems. |
| 0:13.0 | Learn more at Merkatus.org. |
| 0:16.0 | For a full transcript of every conversation, enhanced with helpful links, |
| 0:20.0 | visit Conversations with Tyler.com. |
| 0:27.0 | Hello everyone and welcome back to Conversations with Tyler. |
| 0:30.0 | Today I'm with Joseph Stiglitz. He has won a Nobel Prize in economics, and if they did such things, he could have won several Nobel Prizes in economics. |
| 0:40.0 | He has a 153-page Vida online, which is neither complete nor really has any shaft. |
| 0:48.0 | Most notably today he has a new book out called The Road to Freedom, Economics and the Good Society. |
| 0:54.0 | Joe, welcome. |
| 0:55.0 | Nice to be here. |
| 0:56.0 | I'd like to talk about just how your career has evolved. |
| 0:59.0 | So there's an anecdote I read. |
| 1:01.0 | Your breakthrough peace, we're going back now to about 1970, |
| 1:05.5 | you're writing with Michael Rothschild on the issue of increasing risk. |
| 1:10.3 | And I read that these two pieces, they actually came from an eight hour lecture you gave in Japan. |
| 1:15.5 | Is that true? |
| 1:16.5 | Well, actually, not those two pieces, but a series of pieces on corporate governance and market |
| 1:21.8 | value maximization came from an eight hour lecture I gave in |
| 1:25.1 | Koney Japan. How can you lecture for eight hours? It's easier to lecture than to listen |
| 1:30.8 | for eight hours. I didn't understand that then, but I now |
| 1:35.2 | understand it a little bit better. Easier to talk than to listen. Did your |
... |
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