Joseph E. Stiglitz: Nobel Prize
in Economics Recipient-2001
by Seymour “Sy” Brody
Joseph E. Stiglitz is an American Jewish recipient of the Nobel Prize in Economics, in 2001, which he shared with George A. Akerlof and A. Michael Spence for their analyses of markets with asymmetric information.
Joseph Eugene Stiglitz was born on February 9, 1943, in Gary Indiana. His mother, Charlotte Stiglitz was a New Deal Democrat and his father, Nathaniel Stiglitz, was an independent insurance agent, who was a Jeffersonian Democrat. He received his early education in the Gary public schools.
In 1960 to 1963, Stiglitz studied at Amherst College where he was elected as President of the Student Government. He then went to the Massachusetts Institute of Technology (MIT) for his fourth year and received his undergraduate degree from Amherst College. He moved to the University of Chicago, 1965-1966, where he studied under Hirofumi Uzawa . He received his Ph.D. from MIT, in 1967, where he was also an assistant professor.
Stiglitz was a Fulbright research fellow at the University of Cambridge, in England, 1969-1970. He then held professorships in various colleges and universities and is currently at Columbia University.
Under President Clinton’s administration he served as the chair of the President’s Council of Economic Advisors, 1995-1997. Stiglitz served at the World Bank as Senior Vice President and Chief Economist, 1997-2000.
In addition to the Nobel Prize, Stiglitz was awarded the John Bates Medal, 1979.
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