Reading List: Joseph Stiglitz: The purpose of the economy (video edition)

23rd April 2012


Economist front cover depicts Scotland as 'Skintland'

Is Scotland Skintland?  The Economist front cover says it will be if it gains independence.  In this interview, the Deputy First Minister of Scotland Nicola Sturgeon says the cover is "deeply insulting to Scotland." Channel 4


Will the US Economy Stall this Spring?

Rising layoffs, falling home sales and slowing manufacturing activity are sparking fears that the economic recovery is headed for a springtime stall for the third year in a row. The Wall Street Journal


Is 'Underground Economy' Draining California's Economy?

This report shows how counterfeit cigarettes, knock-off purses and fake designer gear are all part of the ‘underground economy,' depriving California $8 billion dollars in lost state tax revenue every year. KCRA


 Joseph Stiglitz, The Purpose of the Economy

Economist Joseph E. Stiglitz spells out pretty empathically that the function of an economy is not to produce GDP. Instead "it's increasing the welfare of citizens and increasing the welfare of most citizens." Institute For New Economic Thinking


Helping With Europe's Fiscal Woes

US Treasury Secretary Tim Geithner talks about how IMF funding and the Federal Reserve's  unlimited dollar-swap lines to European banks, are two ways the world are helping Europe deal with its debt crisis. Brookings Institution


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