A signature feature of the shadow lobbyist era is not just a manipulation of public policy, but also an embrace of "failing upward". No matter the track record, the elite 1 percent seek more of the same.

Americans have been watching protests against oppressive regimes that concentrate massive wealth in the hands of an elite few. Yet in our own democrac...

I was asked to sign the letter from a bipartisan group of former chairmen and chairwomen of the Council of Economic Advisers that stresses the importa...

There is large consensus among economists for the long run: central banks will focus on more than just inflation, especially financial stability; but there will be a real challenge in developing an integrated approach.

We've entered a brave new world in the wake of the crisis; a very different world in terms of policy making and we just have to accept it.

Before the global economic crisis, mainstream macroeconomists had largely converged on a framework for the conduct of macroeconomic policy. It is now time to converge again.

Nobel Prize-winning economist Joseph Stiglitz said another 2 million foreclosures are expected in the U.S. this year, adding to the 7 million that hav...

Nobel Prize-winning economist Joseph Stiglitz, dismissing the Federal Reserve's quantitative easing as a "beggar-thy-neighbor" strategy of currency de...

NEW YORK - The global economy ends 2010 more divided than it was at the beginning of the year. On one side, emerging-market countries like India, Chin...

We may never know for certain whether former Prime Minister Gordon Brown was the great and magnanimous hero of Stiglitz's telling or a figure brought low by forces he failed to foresee.

NEW YORK - In the aftermath of the Great Recession, countries have been left with unprecedented peacetime deficits and increasing anxieties about thei...

Without principal reduction, we'll see millions more foreclosures. And, contrary to the bizarre arguments put forth by Treasury Secretary Tim Geithner and others, that won't stabilize communities, it will destroy them.

It's worth pondering what Stiglitz said in his interview with Daily Finance. The heart of it really had very little to do with economics, and a lot to do with the law and politics, as Stiglitz himself admits.

Summers, no matter what some critics say, is a formidable intellectual heavyweight on economics policy -- and will continue to be, long after he leaves the White House. However, he needs to retool.