Selected Works of Joseph E. Stiglitz

Joseph E. Stiglitz is University Professor at Columbia University. In 2001, he was awarded the Nobel Prize in economics, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. Known for his pioneering work on asymmetric information, Stiglitz focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. In 2011, Time named Stiglitz one of the 100 most influential people in the world. During the Clinton administration, Stiglitz was a member of the Council of Economic Advisers (CEA) from 1993-95, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000. Stiglitz is also currently the Chief Economist of the Roosevelt Institute, Co-President of the Initiative for Policy Dialogue, and the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD.

• Part I: Risk and Markets: Basic ConceptsIntroduction to Part IA. Foundations of RiskMeasuring Risk1: Joseph E. Stiglitz and Michael Rothschild: Increasing Risk2: Joseph E. Stiglitz and P. Diamond: Increases in Risk and in Risk AversionRisk with more than one commodity3: Behavior toward Risk With Many Commodities4: A Consumption Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest RatesB: Portfolio Theory5: Joseph E. Stiglitz and D. Cass: The Structure of Investor Preferences and Asset Returns, and Separability in Portfolio Allocation: A Contribution to the Pure Theory of Mutual Funds6: Joseph E. Stiglitz and D. Cass: Risk Aversion and Wealth Effects on Portfolios with Many AssetsPart II: Management of RiskIntroduction to Part IIA: Trade and Capital Market Liberalization7: Joseph E. Stiglitz and P. Dasgupta: Tariffs Versus Quotas As Revenue Raising Devices Under Uncertainty8: Joseph E. Stiglitz: Capital-Market Liberalization, Globalization and the IMFB: Risk Sharing9: Joseph E. Stiglitz: Risk and Global Economic Architecture: Why Full Financial Integration May be Undesirable10: Joseph E. Stiglitz: Contagion, Liberalization, and the Optimal Structure of Globalization11: Joseph E. Stiglitz, Stefano Battiston, Domenico Delli Gatti, Mauro Gallegati, and Bruce Greenwald: Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk12: Joseph E. Stiglitz, S. Battiston, D. Delli Gatti, M. Gallegati, and B. Greenwald: Default Cascades: When Does Risk Diversification Increase Stability?C: Commodity Price Stabilization13: Joseph E. Stiglitz and D. Newbery: Risk Aversion, Supply Response, and the Optimality of Random Prices: A Diagrammatic Analysis14: Joseph E. Stiglitz: Optimal Commodity Stock-Piling RulesD: Schochastic Capital Theory15: Joseph E. Stiglitz, William A. Brock and Michael Rothschild: Stochastic Capital TheoryPart III: Theory of the FirmIntroduction to Part IIIA: Corporate Finance16: Joseph E. Stiglitz: A Re-Examination of the Modigliani-Miller Theorem17: Joseph E. Stiglitz: On the Irrelevance of Corporate Financial PolicyB: Alternative Objectives of the Firm18: Joseph E. Stiglitz and S. Grossman: On Value Maximization and Alternative Objectives of the Firm19: Joseph E. Stiglitz and S. Grossman: Stockholder Unanimity in the Making of Production and Financial Decisions20: Joseph E. Stiglitz and B. Greenwald: Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk BehaviorC: The Implications of Value Maximization21: Joseph E. Stiglitz: On the Optimality of the Stock Market Allocation of Investment22: Joseph E. Stiglitz: Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs23: Joseph E. Stiglitz: Some Elementary Principles of BankruptcyPart IV: Industrial OrganizationIntroduction to Part IVA: Monopolistic Competition24: Joseph E. Stiglitz and A. Dixit: Monopolistic Competition and Optimal Product Diversity25: Joseph E. Stiglitz: Towards a More General Theory of Monopolistic CompetitionB: Potential Competition26: Joseph E. Stiglitz: Potential Competition May Reduce Welfare27: Joseph E. Stiglitz: Technological Change, Sunk Costs, and CompetitionC: Vertical Constraints28: Joseph E. Stiglitz and P. Rey: Vertical Restraints and Producers' Competition29: Joseph E. Stiglitz and P. Rey: The Role of Exclusive Territories in Producers' CompetitionPart V: The Economics of OrganizationIntroduction to Part V30: Joseph E. Stiglitz and R. Sah: Human Fallibility and Economic Organization31: Joseph E. Stiglitz and R. Sah: The Architecture of Economic Systems: Hierarchies and Polyarchies32: Joseph E. Stiglitz and R. Sah: Committees, Hierarchies and Polyarchies33: Joseph E. Stiglitz and R. Sah: Qualitative Properties of Profit-Maximizing K-out-of-N Systems Subject to Two Kinds of Failure34: Joseph E. Stiglitz and R. Sah: The Quality of Managers in Centralized Versus Decentralized Organizations35: Joseph E. Stiglitz: Incentives, Information and Organizational DesignPart VI: Theory of Consumer BehaviorIntroduction to Part VI36: Joseph E. Stiglitz: Toward a General Theory of Consumerism: Reflections on Keynes' Economic Possibilities for Our Grandchildren37: Joseph E. Stiglitz and K. Hoff: Equilibrium Fictions: A Cognitive Approach to Societal Rigidity38: Joseph E. Stiglitz and Karla Hoff: Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior

... this collection includes many diverse publications not easily available. He writes substantial introductions to the volume as a whole as well as for each major section, putting his work into context. Summing up: Recommended