<p>Stiglitz seems to be a voice in the wilderness, not corrupted by Wall Street and one of the few making sense out there. From <a href="http://www2.gsb.columbia.edu/faculty/jstiglitz/Crisis.cfm">his website</a>:</p> <p><span class="style1">Stiglitz on the Current Financial Crisis and the State of the Economy </span></p> <br> <p class="style2"><em><strong>Papers and testimony</strong></em></p> <p class="style2"><a target="_blank" href="http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2009_JEC_TooBigToFail.pdf">Too Big to Fail or Too Big to Save? Examining the Systemic Threats of Large Financial Institutions</a>, testimony before the Joint Economic Committee, April 21, 2009.</p> <p class="style2"><a target="_blank" href="http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2009_Regulation_Theory_Failure.pdf">Regulation and the Theory of Market and Government Failure</a>, in New Perspectives on Regulation, D. Moss and J. Cisternino, eds., Tobin Project, forthcoming.</p> <p class="style2"><a target="_blank" href="http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2009_Anatomy_ofa_Murder.pdf">The Anatomy of a Murder: Who Killed America's Economy?</a> Critical Review, 21(2), forthcoming.</p> <p class="style2"><a target="_blank" href="http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2009_Crisis_Econ_Theory.pdf">The Current Economic Crisis and Lessons for Economic Theory</a> Eastern Economic Journal, forthcoming (President Address at the 2009 Eastern Economic Association Conference, New York, February 2009.</p> <p class="style2"><a target="_blank" href="http://cop.senate.gov/documents/testimony-011409-stiglitz.pdf">Testimony at the Regulatory Reform Hearing</a>, Congressional Oversight Panel, January 14, 2009.</p> <p class="style2"><a target="_blank" href="http://financialservices.house.gov/hearing110/stiglitz102108.pdf">Testimony on "The Future of Financial Services Regulation,"</a> House Financial Services Committee, October 21, 2008.</p> <p><span class="style2"><a target="_blank" href="http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2008_Financial_Crisis.pdf">The Financial Crisis of 2007/2008 and its Macroeconomic Consequences</a>, presented at the June 2008 meeting of the Initiative for Policy Dialogue Task Force meeting on Financial Markets Reform, June 2008 (click <a target="_blank" href="http://www3.gsb.columbia.edu/ipd/programs/item.cfm?prid=133&iyid=5&itid=1250">here</a> for more information and papers from the meeting.</span></p> <p> </p> <p class="style7">Newspaper and magazine articles and op-eds</p> <p class="style2"><a target="_blank" href="http://www.project-syndicate.org/commentary/stiglitz111">Developing Countries and the Global Crisis</a>, Project Syndicate, April 2009.</p> <p class="style2"><a target="_blank" href="http://www.nytimes.com/2009/04/01/opinion/01stiglitz.html?_r=1">Obama's Ersatz Capitalism</a>, The New York Times, April 1, 2009.</p> <p class="style2"><a target="_blank" href="http://www.guardian.co.uk/commentisfree/2009/mar/27/global-recession-reform">Reform is Needed. Reform is in the Air. We Can't Afford to Fail</a>, The Guardian (UK), March 27, 2009.</p> <p class="style2"><a target="_blank" href="http://www.thenation.com/doc/20090323/stiglitz?rel=hp_picks">A Bank Bailout That Works</a>, The Nation, March 23, 2009.</p>
Stiglitz is a pretty good economist but as with all economists he has his biases and so his arguments can be fairly biased because of that.
Good post ipatent.... http://www2.gsb.columbia.edu/faculty/jstiglitz/download/papers/2009_Anatomy_ofa_Murder.pdf This is an excellent summary regarding the culprits....
My only quibble with it is that he minimizes the role that political interference played in the implosion of the FMs. Otherwise dead on.
Agreed .... Politics and Economics.... Are like Oil and Water.... ................................................ The two party by advertising/lobbyist system has got to go....