Stiglitz, Renowned Economist & Nobel Laureate, to Speak

“Ethics and the Global Economic Crisis”… Putting the Economy Back in Balance

As the Dow passes 10,000 and voices on the economy debate whether a recovery is imminent, renowned economist Joseph Stiglitz comes to Elizabethtown College to look back at the global economic crisis and to the future at its recovery. Dr. Joseph Stiglitz, former senior vice president and chief economist of the World Bank, will be the featured speaker at Elizabethtown College on Tuesday, November 11. Dr. Stiglitz was one of the winners of the Sveriges Riksbank Prize in Economic Sciences (the Nobel Prize in Economics) in 2001. Stiglitz will discuss the turbulence of the global economy, the economic collapse, and the ethical and management failures behind the current financial crisis. Looking at deeply rooted practices and policies, he draws forth the lessons we must learn from these times of economic trial in order to put the world economy back in balance. Did the stimulus package really help? What went wrong? How long will it take our economy to correct itself?

The lecture is the 2009 Rev. Dr. Frank S. Carper Lecture on Ethics, Business and Society and the 2009 John F. Chubb Lecture on Business, Public Policy and World Affairs. Both Carper and Chubb are alumni of Elizabethtown College, where business is one the most popular majors on campus. The event takes place in the Leffler Chapel and Performance Center and is free and open to the public. Tickets are required for the 7:00 p.m. event. Tickets can be reserved by calling the ticket hotline, 717-361-4757.

Recognized as a leading economist and economic educator, Stiglitz has written textbooks such as “Globalization and Its Discontents,” which has been translated into 35 languages. His books include “The Roaring Nineties, Towards a New Paradigm in Monetary Economics” and “Making Globalization Work.” His most recent book, “The Three Trillion Dollar War: The True Cost of the Iraq Conflict,” with Linda Bilmes of Harvard University, was published in March 2008. His next book, titled “Freefall: America, Free Markets, and the Sinking of the World Economy,” will be published in January 2010.

Stiglitz was a member of the Council of Economic Advisers during the Clinton administration. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000. He is a graduate of Amherst College and received his Ph.D. from MIT. In 2008, he was appointed by French President Nicolas Sarkozy to chair a Commission on the Measurement of Economic Performance and Economic Progress. In 2009 he was appointed by the President of the United Nations General Assembly as chair of the Commission of Experts on Reform of the International Financial and Monetary System, which also released its report in September 2009. He is currently University Professor at the Columbia Business School, the Graduate School of Arts and Sciences (Department of Economics) and the School of International and Public Affair