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  • NYS Writers Institute

Nobel Laureate Joseph Stiglitz: "People, Power, and Profits"

“Capitalist economies have thus always involved a blend of private markets and government — the question is not markets or government, but how to combine the two to best advantage.”

Joseph E. Stiglitz, People, Power, and Profits: Progressive Capitalism for an Age of Discontent


Joseph Stiglitz received the Nobel Memorial Prize in Economic Sciences in 2001. His most recent book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent (paperback, 2020), a visionary proposal for a more humane system of capitalism. The reviewer for the New Yorker called the book, “Urgent work, by the foremost champion of ‘progressive capitalism.’" The New York Times reviewer said, “The policy shop of every 2020 Democratic candidate for president would be wise to pore over People, Power, and Profits and cherry-pick its best ideas.” Known for his pioneering work on asymmetric information, Stiglitz's work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. In 2011, TIME magazine named him "one of the 100 most influential people in the world."

A professor at Columbia University and former chief economist at the World Bank, Stiglitz is currently the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the Organisation for Economic Co-operation and Development (OECD) headquartered in Paris, France, and the Chief Economist of the Roosevelt Institute, a liberal think tank in New York City. Nilanjan Sen joined UAlbany as Dean of the Business School in 2018. He formerly served as Associate Dean of Executive Education and Associate Dean of Graduate Studies at Nanyang Business School of Nanyang Technological University in Singapore. At UAlbany, Dean Sen teaches Mergers and Acquisitions and other advanced topics in Corporate Finance.

Today's event cosponsored by the University at Albany School of Business.

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