Tuesday, February 26, 2008

Problems with GDP: Joseph Stiglitz at the Asia Society

Joseph Stiglitz, author of 'Globalisation and It's Discontents' spoke recently (full talk)at the Asia Society in New York City.

In the short excerpt bellow some of the problems with GDP are discussed, along with a facinating anicdote about how special interests have worked to protect this measure...because it is defective.

Nobel Prize-winning economist Joseph Stiglitz ("Globalization and Its Discontents") talks about his new concept of economics, "The Economics of Information," and his latest book, "Making Globalization Work" - Asia Society

Joseph Stiglitz was chief economist at the World Bank until January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. He was awarded the Nobel Prize in economics in 2001. He is currently a finance and economics professor at Columbia University. He is the author of Globalization and Its Discontents and The Roaring Nineties.



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