Joseph E. Stiglitz

Joseph Stiglitz is Senior Vice President and Chief Economist of the World Bank, a position he assumed after serving three-and-a-half years as a member of President Clinton's Council of Economic Advisers, the last eighteen months as chairman. Previously he was the Joan Kenney Professor of Economics at Stanford Unviersity, where he taught since 1988. He was also on the economics faculties of Princeton and Yale Universities and held the Drummond Chair in Political Economy at All Souls College, Oxford. He was educated at Amherst College and M.I.T., where he earned his Ph.D. degree.

Through his work on the economics of information, the theory of adverse selection and moral hazard, and public sector finance and his role in late 1970s and early 1980s reviving interest in the economics of technological change and other contributors to productivity and economic growth, Dr. Stiglitz has had a profound influence on the economics profession. His contributions have been recognized by the American Economic Association in awarding him its John Bates Clark Award in 1979, by National Academy of Sciences by electing him to membership in 1988, and numerous other organizations.