Book notes: The Great Divide, by Joseph E Stiglitz


Joseph E Stiglitz, The Great Divide, Allen Lane, 2015, 428 pages

Joseph Stiglitz was awarded his Nobel Prize jointly with George A Akerlof and A Michael Spence in 2001. The prize winners were able to demonstrate that a departure from the economist’s standard assumption of perfect competition and knowledge has enormous impacts upon the functioning of markets. These conclusions are of obvious relevance to Stiglitz’s new book, which argues that deregulation was an important cause of the recent bank

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