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At the center of our country's political life are some basic economic questions: How does the government affect the economy? What should the government do? Why are some economic activities undertaken in the public sector and others in the private? Should government do more than it is currently doing, or less? Should it change what it is doing, and how it is doing it? To answer these questions, we must begin by understanding what the government does today. How had the government grown over the past fifty years? How do the size and scope of government in the United States compare with government's size and scope in other countries? This new edition of the acclaimed textbook by leading economic Joseph W. Stiglitz is the definitive text for studying public sector economics.

“While market failures led to the major government programs of the 1930s and 1960s, in the 1970s the shortcomings of the programs led economists and political scientists to investigate government failure. Under what conditions would government programs not work well? Were the failures of government programs mere accidents, or were they predictable results, following from the inherent nature of governmental activity? Are there the lessons to be learned for the design of programs in the future?”

Joseph E. Stiglitz

Joseph Eugene Stiglitz, (born February 9, 1943) is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is also the former Senior Vice President and Chief Economist of the World Bank. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists") and some international institutions like the International Monetary Fund and the World Bank.

In 2000, Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001, he has been a member of the Columbia faculty, and has been a University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. Stiglitz is an honorary doctor of Durham Business School, an honorary doctor at the Charles University, an honorary professor at Tsinghua University School of Public Policy and Management and a member of the Executive and Supervisory Committee (ESC) of CERGE-EI in Prague. Stiglitz is one of the most frequently cited economists in the world.

Личен сайт: http://www.josephstiglitz.com/