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For Immediate Release: September 27, 2004
Contact: Tom Krattenmaker
610-328-8534
tkratte1@swarthmore.edu
http://www.swarthmore.edu/news/

Nobel laureate Joseph Stiglitz, professor of economics and finance at Columbia University Graduate School of Business and School of International and Public Affairs, will speak at Swarthmore College on Monday, Oct. 4, at 8:30 p.m. on "Economics and the Election." His talk in the Science Center, Room 101, is sponsored by the Department of Economics and is free and open to the public.

Stiglitz, who has also taught at Yale, Princeton, Stanford, M.I.T., and was the Drummond Professor and a fellow of All Souls College, Oxford, was awarded the Nobel Prize in economics in 2001. He was a member of the Council of Economic Advisors (CEA) from 1993-95 during the Clinton administration and served as CEA chairman from 1995-97. He then became chief economist and senior vice-president of the World Bank from 1997-2000.

Stiglitz helped create a new branch of economics, "the economics of information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. He has made major contributions to macro-economics and monetary theory, development economics and trade theory, public and corporate finance, the theories of industrial organization and rural organization, and the theories of welfare economics and of income and wealth distribution.

Recognized around the world as a leading economic educator, Stiglitz has written textbooks that have been translated into more than a dozen languages. He founded one of the leading economics journals, The Journal of Economic Perspectives. He has recently published The Roaring Nineties (W.W. Norton, 2003), and his book Globalization and Its Discontents (W.W. Norton June 2001) has been translated into 20 languages and is an international bestseller.