Joseph E. Stiglitz

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Joseph E. Stiglitz born February 9, 1943, Gary, Indiana, U.S., is an American economist who shared the Nobel Prize for Economics in 2001 "for laying the foundations for the theory of markets with asymmetric information" with A. Michael Spence and George A. Akerlof.

Stiglitz studied at Amherst College (B.A., 1964) in Massachusetts and the Massachusetts Institute of Technology (Ph.D., 1967) and taught at several universities, including Yale, Harvard, and Stanford. He was a member of President Bill Clinton's economic policy team; a member of the U.S. Council of Economic Advisers (1993–97), of which he became chairman in June 1995; and senior vice president and chief economist of the World Bank (1997–2000). In 2001 Stiglitz became professor of economics, business, and international affairs at Columbia University in New York.