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The Rebel Within: Joseph Stiglitz and the World Bank

The Rebel Within: Joseph Stiglitz and the World Bank

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* Presents the most important and controversial speeches of a World Bank intellectual heavyweight and firebrand * Clear and incisive analysis and discussion by a leading Cambridge University economist. * Includes Stiglitz's insights and predictions for the future of the global economy. * Essential reading for all economists, students of economics, and business people. No one has challenged the policies of the international financial community as profoundly as has Joseph Stiglitz, the former chief economist of the World Bank. with an unimpeachable reputation as a scholar, Stiglitz stunned financial policy makers with a series of stinging criticisms in recent years that were all the more effective because they were on target. In more than two dozen controversial speeches made around the world, Stiglitz undid the conventional wisdom that dominated policy-making at the World Bank, the International Monetary Fund and the U.S. Treasury Department. Now, in one volume, Cambridge University professor Ha-Joon Chang has gathered the most important of Stiglitz's speeches and provides an invaluable introduction to Stiglitz's thoughts. This is the most coherent vision of Stiglitz's thinking to be found anywhere. The book, which includes nineof Stiglitz's most revealing speeches, reflects his central themes.

These include 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.