Joseph Stiglitz accuses the US of negotiating over issues already settled at the World Trade Organization.
In a recent Facebook interaction, Andrew Michael Spence, who got the Nobel Prize in Economics in 2001 with Joseph Stiglitz and George Akerlof, said India had suffered self-inflicted wounds to lower investor confidence.
Even though present times were fraught with challenges, there is still inherent, vast and untapped opportunity in India, concludes the 10th India Business Conference at Columbia Business School.
Many experts, including Nobel laureate Joseph Stiglitz, also suggested that industrial groups should not be allowed to do banking business.
Presenting the Union Budget for 2013-14 in Parliament, Finance Minister P Chidambaram also quoted his favourite poet Tiruvalluvar towards the end of his Budget speech after referring to Stiglitz in the beginning.
The Aam Aadmi Party's decision to disallow foreign direct investment (FDI) in Delhi's retail sector has a taker of sorts in economics Nobel laureate Joseph Stiglitz.
He believes that it leads to conflict of interest.
A 360-degree view of the man, his family and his pioneering work on education.
A 360-degree view of the man, his family and his pioneering work on education.
Nobel Prize winner in economics in 2001, Stiglitz, who was delivering a lecture in the Indian Statistical Institute in Kolkata, said that a government needed to play an important role 'in any economy correcting pervasive market failures'.
There is a persuasive case to be made that India's banking sector needs to be more open; but aspects of the recent decision to award more licences are, none the less, disquieting.
The growth target of 9 per cent is, in fact, not sustainable in the long run, Stiglitz said during a public lecture on 'Globalisation, Development and Inequality' organised by the Azim Premji University and Institute for New Economic Thinking in Bengaluru.
The winner of the 2001 Nobel Prize for Economics says recovery could be difficult if the crisis in Egypt spreads to the entire region.
Economics Nobel Laureates Amartya Sen and Joseph Stiglitz have been handpicked by French President Nicolas Sarkozy to advise France on the way in which it calculates its growth.
Amartya Sen will be an advisor the French government, while American Joseph Stiglitz will be chairman of the committee of experts appointed to oversee the reform process.
This is clearly the worst financial problem we've had since the Great Depression," as Joseph Stiglitz told a radio show in New Zealand on Wednesday morning.
Even as Reserve Bank has charted a five-year road map to attain fuller float of rupee, noted economist and Nobel laureate Joseph Stiglitz on Thursday favoured a cautious approach to capital account convertibility.
The Indian government could consider controls to curb excessive fund inflows into the country, a world-renowned economist has said.
IMF is plagued by the dominance of the US on account of its veto power and the lack of representation of all partakers in the society, he said.
Experts say herd immunity is said to have been developed in a population segment if at least 50-60 per cent of those are found to have the presence of antibodies in a sero-prevalence survey.
French economist Jean Tirole won the 2014 economics Nobel Prize for his analysis of market power and regulation, the RoyalSwedishAcademy of Sciences said on Monday.
Joseph Stiglitz says India should not bothered on inflation and instead focus on rapid growth.
Pinarayi is exploring the potentials of 'socialism with Indian characteristics'. The next five years under Pinarayi's watch will be a transformative period for Kerala's development, observes M K Bhadrakumar.
What's hot? What's not? What's next? C P Gurnani shares his highlights of the World Economic Forum Annual Summit in Davos.
'Trump's anti-trade, anti-immigrant rhetoric reminds me of Chinese history,' says A V Rajawade.
The crushing of this tiny entity by demanding creditors should be a lesson for all countries, warns T N Ninan.
The friction with the political class is not only about interest rates and monetary policy. While the government often spoke freely about its discomfiture, the RBI had to be careful even in its response to the government as any loose statement would affect the markets.
'Indian doctors have also been wary of patients learning about drugs and brand names.' 'Probably harking back to the Brahmanical tradition of preserving information and knowledge from getting polluted by the lower classes,' says Ambi Parameswaran.
"AAP has done a fabulous job highlighting corruption and governance issues and have a good platform for that, but their economic platform is very scary," Venktesh Shukla, president, The Indus Entrepreneurs Silicon Valley, the largest TiE chapter, told Rediff.com. "Valley investors are watching India minutely; the next few months are very crucial for Silicon Valley investors."
Mrinal Datta Chaudhuri, MDC to his students, was beyond compare -- the stuff of tales and legends at the Delhi School of Economics. He was also a good intuitive economist.
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
Son of a mechanic from the Public Works Department, Ayush Sharma has not only won admission to the undergraduate programme at the prestigious American university, but also a full tuition waiver.
Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari.
'... for two reasons: the poor quality of education, and the low rate of female participation in the labour force.' 'Unless something is done quickly to remedy these problems, India will just have a large population of low-skill, low-wage, males trying and failing to feed their families adequately.'
'India cannot expect to be insulated from the crisis. Europe is India's biggest trading partner with two-way trade of E72.5 billion or Rs 530,000 crore last year,' says Paranjoy Guha Thakurta.
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