Joseph Stiglitz’s new book, The Road to Freedom, joins a queue arguing that capitalism is based on exploiting the weak … Continue reading “Book review: “The Road to Freedom: Economics and the Good Society” by Joseph Stiglitz”

The left has a problem with public choice economics. The basis of public choice economics is that we should not … Continue reading “Public choice economics: how the left is trying to have its cake and eat it”

Since the onset of the euro zone crisis, two schools of thought have emerged, offering different diagnoses of the single-currency … Continue reading “Book review: ‘The euro: how a common currency threatens the future of Europe’ by Joseph E. Stiglitz”

Joseph Stiglitz is, quite rightly in my view, one of the most respected economists of his generation. Whatever one thinks … Continue reading “Joseph Stiglitz: wrong on housing and wrong on China”