Toward a Just Society Joseph Stiglitz and Twenty-First Century Economics

https://cup.columbia.edu/book/toward-a-just-society/9780231186728 Edited by Martin Guzman Columbia University Press MAIN REVIEWS CONTENTS EXCERPT LINKS AWARDS Preface, by Joseph E. Stiglitz Introduction, by Martin Guzman Part I. Inequality 1. A Firm-Level Perspective on the Role of Rents in the Rise in Inequality, by Jason Furman and Peter Orszag 2. Parents, Children, and Luck: Equality of Opportunity and Equality of Outcome, by Ravi Kanbur 3. The Middle Muddle: Conceptualizing and Measuring the Global Middle Class, by Arjun Jayadev, Rahul Lahoti, and Sanjay Reddy Part II. Microeconomics 4. Companies Are Seldom as Good or as Bad as They Seem at the Time, by Gary Smith 5. What’s So Special About Two-Sided Markets?, by Benjamin E. Hermalin and Michael L. Katz 6. Missing Money and Missing Markets in the Electricity Industry, by David Newbery Part III. Macroeconomics 7. Thoughts on DSGE Macroeconomics: Matching the Moment, But Missing the Point?, by Anton Korinek 8. The “Schumpeterian” and the “Keynesian” Stiglitz: Learning, Coordination Hurdles, and Growth Trajectories, by Giovanni Dosi and Maria Enrica Virgillito 9. Deleterious Effects of Sustained Deficit Spending, by Edmund Phelps 10. The Rediscovery of Financial Market Imperfections, by John C. Williams 11. Ambiguity and International Risk Sharing, by Brian Hill and Tomasz Michalski Part IV. Networks 12. Use and Abuse of Network Effects, by Hal Varian 13. Financial Contagion Revisited, by Franklin Allen and Douglas Gale 14. The Economics of Information and Financial Networks, by Stefano Battiston Part V. Development 15. Joseph Stiglitz and China’s Transition Success, by Justin Yifu Lin 16. The Sources of Chinese Economic Growth Since 1978, by Lawrence J. Lau 17. Knowledge as a Global Common and the Crisis of the Learning Economy, by Ugo Pagano Part VI. Law and Economics 18. Conservatism and Switcher’s Curse, by Aaron Edlin 19. The “Inner Logic” of Institutional Evolution: Toward a Theory of the Relationship Between Formal and “Informal” Law, by Antara Haldar Part VII. Public Policies 20. Joe Stiglitz and Representative and Equitable Global Governance, by José Antonio Ocampo 21. The Fiscal Opacity Cycle: How America Hid the Costs of the Wars in Iraq and Afghanistan, by Linda J. Bilmes 22. It Works in Practice, But Would It Work in Theory? Joseph Stiglitz’s Contribution to Our Understanding of Income Contingent Loans, by Bruce Chapman 23. The Public Economics of Long-Term Care, by Pierre Pestieau and Gregory Ponthiere 24. Jomo E. Stiglitz: Kenya’s First Nobel Laureate in Economics, by Célestin Monga List of Contributors Index ABOUT THE AUTHOR Martin Guzman is an economist based at the Columbia University Graduate School of Business and an associate professor of economics at the University of Buenos Aires. He is a leading economist in the field of public debt crisis resolution and is one of Joseph Stiglitz’s closest collaborators in the fields of macroeconomic theory and economic development.