Joseph E. Stiglitz: A Nobel Laureate Reflects
One of America’s leading economists discusses taxes, growth, the minimum wage and basic fairness.
By Jon Healey
Columbia University economist Joseph E. Stiglitz won a Nobel Prize in 2001 for his work on how disparities in information shape markets. What makes him a favorite among Democrats, though, is his work on disparities in income. He has written two books about it: “The Price of Inequality” in 2012 and “The Great Divide” this year. A former adviser to President Clinton and to the World Bank, Stiglitz recently spoke by phone with Jon Healey, an editorial writer at the Los Angeles Times, about what is causing income inequality in the United States and what can be done about it. The following is an edited transcript of their conversation.