T.Žuko blogas

An hour with Timothy Geithner, U.S. Treasury Secretary / Charlie Rose / in Current Affairs / on Wednesday, May 6, 2009

A conversation about the economy with Bill Ackman, major investor and hedge fund manager of Pershing Square Capital Management LP, Kate Kelly of The Wall Street Journal, Andrew Ross Sorkin of The New York Times and Joseph Stiglitz, economist and a member of Columbia University faculty

in Current Affairs / on Friday, April 24, 2009

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A conversation with Lionel Barber, editor of the “Financial Times”

in Current Affairs, Business / on Friday, April 24, 2009

Joseph E. Stiglitz: Developing Countries and the Global Crisis / April 2009, project-syndicate.org

Mykolas Drunga: Kas išeis iš drąsos ir atsargumo mišinio? 2009 04 04 / 11:32, lrt.lt

Nobel Prize Winners Clash on Geithner Plan Prospects
By Scott Lanman and Vivien Lou Chen

March 24 (Bloomberg) — Treasury Secretary Timothy Geithner has a good chance of succeeding with his plan to cleanse banks of toxic assets, says A. Michael Spence, co-winner of the 2001 Nobel Prize in economics. Paul Krugman, the newest laureate, is so sure Geithner will fail that he’s full of “despair.”

Even winners of the highest awards in economics can’t always be right. …>>

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Reuters

Geithner plan will rob American taxpayers: Stiglitz
Tue Mar 24, 2009 8:26am EDT

By Susan Fenton and Deborah Kan

HONG KONG (Reuters) – The U.S. government plan to rid banks of toxic assets will rob American taxpayers by exposing them to too much risk and is unlikely to work as long as the economy remains weak, Nobel Prize-winning economist Joseph Stiglitz said on Tuesday.

“The Geithner plan is very badly flawed,” Stiglitz told Reuters in an interview during a Credit Suisse Asian Investment Conference in Hong Kong. …>>

How to transform Russia into a market economy? M Friedman v J Stiglitz

None other than Milton Friedman, the founding father of the
free-market era, told me in an interview before he died that Stiglitz
also had been more correct than everyone else about how to transform
Russia into a market economy when he argued that institution-building
and creating regulatory authorities were an important preliminary
step. “In the immediate aftermath of the fall of the Soviet Union, I
kept being asked what the Russians should do,” Friedman told me in
2002. “I said, ‘Privatize, privatize, privatize. I was wrong. Joe was
right. What we want is privatization, and the rule of law.”

Source: Newsweek / THE WORLD FROM WASHINGTON. Michael
Hirsh: Chasing Stiglitz. Obama’s economic team is missing the one guy
who’s been right all along, Dec 4, 2008

Joseph Stiglitz:
“Government Failure vs. Market Failure: Principles of Regulation”
paper prepared for the Tobin Project’s Conference on “Government and
Markets: Toward a New Theory of Regulation,” Yulee, Florida, February
1-3, 2008.

03/10/2009 Spiegel

 REFORMING FINANCIAL INSTITUTIONS
Stiglitz Calls for Global Solution to Crisis

Nobel Prize-winning economist Joseph Stiglitz argues that the only way to fix the world’s economic crisis is to act globally. Speaking at the Development Policy Forum in Berlin on Monday he said the reform of the world’s financial institutions wasn’t going fast enough. …>>

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Išeitis iš pasaulinės krizės – globalių reformų kelias
spiegel.de, guardian.co.uk ir lrytas.lt inf.
2009-03-24 09:12

Nobelio premijos laureatas, ekonomistas Josephas Stiglitzas aiškina, kad vienintelis būdas pasaulio ekonomikai ištraukti iš krizės – veikti globaliai. J. Stiglitzas nenuilsdamas keliauja po pasaulį ir kalba apie didžiąsias ekonomikos opas bei būdus, kaip jas išgydyti. Berlyne kovo pradžioje jis pabrėžė, kad pasaulio finansinės institucijos keičiasi per lėtai. …>> 

STIGLITZ Falling Down: No manufacturing. No new ideas. What’s our economy based on?

in The New Republic, September 10, 2008 issue.