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Joseph E. Stiglitz
2,042 posts
Joseph E. Stiglitz
@JosephEStiglitz
The official account of Joseph E. Stiglitz, Nobel laureate economist @Columbia University. Co-president @policy_dialogue. Co-chair @icrict. Photo: @gaplump.
- Competition leads to lower prices. That’s Economics 101. But when there’s market power, prices are a mark-up over marginal costs. And when market power increases, prices increase. Profits then increase as a share of national income. 🧵1/6
- My latest for @ProSyn is on why I think @Martin_M_Guzman is the right person to be Argentina's economy minister:
- Intellectual property rights for Covid-19 vaccines must be suspended to boost inoculation rates around the world. It's that simple.
- Forty-odd years after neoliberalism took hold it’s clear it doesn’t work. In fact, it never had either a robust theory or the data to back up its claims. Time to introduce a new, more freeing capitalism that allows all people to live up to their potential. That’s what I do in my
- 82 Nobel laureates in chemistry, medicine, physics and economics wrote a letter strongly supporting @VP @KamalaHarris for president. We write Trump would jeopardize advancements in our standards of living, slow the progress of science and technology, and impede our responses to
- The income that oil companies are getting today has nothing to do with what the companies have done but are windfall profits and undeserved. A well-designed windfall tax can raise revenue, keep prices down and encourage investment. Time to tax them.
00:00 - I wish Marine Le Pen would stop acting like I agree with her and her ideas.
- May I recommend some summer reading, now that summer has arrived? The Road to Freedom (@wwnorton ) is out.
- Taxation is the price we pay for a civilized society, where multinationals and the rich should pay their fair share. Tax Wars - the story of @icrict and our work fighting for a fairer world - is out now in over 10 countries and more soon. Please watch it if you can!
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