Joseph Stiglitz

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/joseph-stiglitz

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. When was Joseph Stiglitz born?February 9, 1943
2. Where was Joseph Stiglitz born?Gary, Indiana, USA
3. What is Joseph Stiglitz known for?Information economics, critiques of market fundamentalism, Georgist public finance theory
4. What is the academic affiliation?University Professor at Columbia University
5. What is the major awards?Nobel Memorial Prize in Economic Sciences (2001), John Bates Clark Medal (1979)
6. Who is Joseph Stiglitz?Joseph Stiglitz is a famous economist who won the Nobel Prize and works to make the world fairer.

New Keynesian Economics: A school of economic thought that integrates Keynesian ideas with modern microeconomic principles, often supporting government intervention.
Information Asymmetry: A situation where one party in a transaction has more or better information than the other.
Laissez-faire Economics: An economic system where transactions are free from government intervention such as regulation, privileges, tariffs, and subsidies.