Nobody Likes Joseph Stiglitz

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Last December, when the Blue and White interviewed Nobel laureate and Columbia professor Joseph Stiglitz, we entitled it “The Fortuneteller.” Now, according to Newsweek, though many economists also admire Stiglitz’s predictive abilities, he’s not getting any love in Washington.

Calling him “the most misunderstood man in America,” Newsweek contrasts Stiglitz’s reputation overseas, where “he is received like a superstar, a modern-day oracle,” with his unpopularity at home. Tellingly, Stiglitz did advise a world leader before this past spring’s G20 meetings, but it wasn’t Obama – it was Britain’s Gordon Brown. The possible explanations number several, including Stiglitz’s support for an international reserve currency, his distrust of unregulated markets (neither idea exactly popular in the United States), and his rivalry with Obama economic adviser/former Harvard president Larry Summers.

Then again, perhaps Obama just really wants to snub Columbia, and poor Joe’s just caught in the crossfire (photo: apesphere/Flickr).

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  1. don't worry  

    I like you Joseph Stightz! Those other economists are just bullies.

  2. Actually

    Stglitz met with Obama a couple months ago.

  3. in fact

    even columbia economics professors diss Stiglitz a lot

    His nobel is in an area only marginally related to the leftist ideas he harps on about so a couple of profs are a bit bemused by him

  4. The stig

    is my homeboy - the administration will come around to him in the future.

    If only he and Paul Krugman could create a child together... *sigh*

  5. prophecy

    if the economy doesn't make some miracle improvement by 2012, some lefty will run against obama with all the snubbed progressive economists (krugman, stiglitz) as advisors. it will basically be carter v. kennedy 1980 all over again.

  6. fan

    Stig it to the man!!!!!

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