Joseph Stiglitz on Inequality (June 2015) | tutor2u Economics

This is an 18 minute interview from the Institute for New Economic Thinking with the leading US economist and Nobel winner Professor Joe Stiglitz.

Stiglitz, author of The Price of Inequality and The Great Divide (published in 2015), studies the forces driving inequality and what is at stake if it continues. In his view, bad economic thinking deserves part of the blame — fanciful ideas like trickle-down and the notion that economists should try to increase the size of the economic pie and let the politicians worry about distribution.

Stiglitz departs from Thomas Piketty on the causes of inequality and sees capital gains on land and rents associated with monopoly power, discrimination, and exploitation as the big story. He also faults deregulation in the banking industry.


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