Columbia University Professor and Nobel laureate Joseph Stiglitz said high-frequency trading gives an unfair advantage to a select group of investors and could be taxed as a way to discourage the practice.
Scottish First Minister Alex Salmond ruled out the need to consider an alternative currency for an independent Scotland because the U.K. faces being saddled with more debt by continuing to refuse a currency union.
Nobel laureate Joseph Stiglitz plans to file a brief in support of Argentina’s bid for U.S. Supreme Court review of a lower-court order to pay holders of defaulted bonds in full, according to his lawyer.
Latin America’s two biggest countries are throwing their support behind Argentina in its legal dispute with disgruntled creditors, boosting optimism the nation will stave off a second default in 13 years.
The U.S. economy is showing no signs of catching up with its past growth trend and advanced economies are at risk of “Japanese-style malaise,” Columbia University Professor and Nobel laureate Joseph Stiglitz said.
Nobel Prize-winning economist Joseph Stiglitz said today the U.S. needs more fiscal stimulus to aid the economy and that more unconventional monetary easing by the Federal Reserve would do little to spur the recovery.
Columbia University professors Joseph Stiglitz and Glenn Hubbard agree that income inequality is a concern. They disagree over what’s behind it and how best to tackle it, in a dispute that has spilled beyond the halls of academia and onto the presidential campaign trail.