Anthem Press Joseph Stiglitz and the World Bank: The Rebel Within (Anthem World Economics)

In controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department. For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of the Washington consensus, the role of knowledge in markets, the process of developing market institutions and the primacy of openness and worker participation. A landmark collection of material for economists everywhere. Review 'Undoubtedly, the book has extended the frontiers of development economics and development assisting institutions should take note. […] It is a must for those interested in development policy-making processes and graduate students of development economics.' —S. N. Kulkarni, in ‘Development and Change’ book reviews Review 'A powerful collection of key speeches from one of the most controversial economists of our time... The most provocative book on international financial policy to appear for a long time.' —Jeff Madrick, 'Challenge Magazine', contributing columnist, 'New York Times' 'This is a book that puts John Keble in his literary, cultural, political, and theological context as never before. It is essential reading for Students of nineteenth-century English literature as much as of religious history.' —Peter Nockles, author of 'The Oxford Movement in Context' Book Description The most influential and controversial speeches of Joseph Stiglitz are gathered together for the first time in this volume, with an enlightening commentary by Ha-Joon Chang. From the Back Cover 'A powerful collection of key speeches from one of the most controversial economists of our time...the most provocative book on international financial policy to appear for a long time.' Jeff Madrick, Challenge Magazine, contributing columnist, New York Times No one has challenged the policies of the international financial community as profoundly as Joseph Stiglitz, the former Chief Economist of the World Bank. In controversial speeches made around the world, Stiglitz has undone the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the US Treasury Department. For the first time, Stiglitz's nine most revealing speeches have been gathered together, covering such topics as the failure of shock therapy and transition economics, the limits of capital market liberalization, the myopia of the Washington consensus, the role of knowledge in markets, the process of developing market institutions and the primacy of openness and worker participation. Along with Dr Ha-Joon Chang's insightful commentary, they form the most powerful representation of Stiglitz's thinking to be found anywhere. About the Author Joseph E. Stiglitz is the former Chief Economist of the World Bank. He is currently Professor of Economics at Columbia University and Nobel Laureate, to NDTV Excerpt. © Reprinted by permission. All rights reserved. Joseph Stiglitz and the World Bank The Rebel Within By Joseph Stiglitz, Ha-Joon Chang Wimbledon Publishing Company Copyright © 2001 Wimbledon Publishing Company All rights reserved. ISBN: 978-1-898855-91-0 Contents Commentary by Ha-Joon Chang, 1, Chapter 1 More Instruments and Broader Goals: Moving Toward the Post-Washington Consensus The 1998 WIDER Annual Lecture, Helsinki, January 1998, 17, Chapter 2 Towards a New Paradigm for Development: Strategies, Policies and Processes The 1998 Prebisch Lecture at UNCTAD, Geneva, October 1998, 57, Chapter 3 Redefining the Role of the State – What should it do? How should it do it? And how should these decisions be made? Paper presented at the Tenth Anniversary of MITI Research Institute, Tokyo, March 1998, 94, Chap