2024-06-26
49 分钟Nobel Prize-winning economist Joseph Stiglitz joined Tyler for a discussion that weaves through Joe’s career and key contributions, including what he learned from giving an 8-lecture in Japan, how being a debater influenced his intellectual development, why he tried to abolish fraternities at Amherst, how studying Kenyan sharecropping led to one of his most influential papers, what he thinks today of Georgism and the YIMBY movement, why he was too right-wing for Cambridge, why he left Gary, Indiana, his current views on high trading volumes and liquidity, the biggest difference between him and Paul Krugman, what working in Washington, DC taught him about hierarchies, what he’ll do next, and more. Read a full transcript enhanced with helpful links, or watch the full video. Recorded April 22nd, 2024. Other ways to connect Follow us on X and Instagram Follow Tyler on X Follow Joseph on X Sign up for our newsletter Join our Discord Email us: cowenconvos@mercatus.gmu.edu Learn more about Conversations with Tyler and other Mercatus Center podcasts here.
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hello, everyone, and welcome back to conversations with Tyler.
Today I'm with Joseph Stiglitz.
He has won a Nobel Prize in economics, and if they did such things, he could have won several Nobel prizes in economics.
He has a 153 page Vida online, which is neither complete nor really has any Schaff.
Most notably today he has a new book out called the road to Freedom, Economics and the Good Society.
Joe, welcome.
Nice to be here.
I'd like to talk about just how your career has evolved.
So there's an anecdote.
I read your breakthrough piece.
We're going back now to about 1970.
You're writing with Michael Rothschild on the issue of increasing risk.
And I read that these two pieces, they actually came from an eight hour lecture you gave in Japan.
Is that true?
Well, actually not those two pieces, but a series of pieces on corporate governance and market value maximization came from an eight hour lecture I gave in Koni, Japan.
How can you lecture for 8 hours?
It's easier to lecture than to listen for 8 hours.
I didn't understand that then, but I now understand it a little bit better.