Hints and tips:
...According to Nobel laureate Joseph Stiglitz, there is little evidence that countries signing ISDS treaties saw more or better foreign direct investment than those that didn’t: “These deals just haven’t lived...
...It delights others, such as the Nobel prize-winning economist Joseph Stiglitz, who has railed against its former neoliberal policies....
...In 2004, for example, Germany’s fiscal deficit was running at 3.7 per cent of GDP, significantly over the 3 per cent stipulated by the post-Maastricht rules....
...Recommended Reading Economist Joseph E Stiglitz agrees with me that neoliberals need some of their own shock therapy....
...So we were really a country that was growing together and GDP meant something....
...But talking about uncertainties would crystallise a third point: the need to talk about the exploding levels of national debt, which has now topped 100 per cent of GDP....
...We’ve seen it before — most notoriously between Joseph Stiglitz, another former World Bank chief economist, and the Bank’s sister organisation, the IMF....
...At present, Argentina’s primary fiscal deficit is almost 1 per cent of GDP, but the deficit including interest payments is closer to 4 per cent....
...“Too much emphasis has been placed on GDP as the leading measure of the health of economies and societies,” said Joseph Stiglitz, the Nobel laureate, who co-chairs the group of economists behind the report...
...Nobel Laureates Joseph Stiglitz and Amartya Sen as well as economist Paul Fitoussi pioneered this thinking in a 2009 report commissioned by then-French president Nicolas Sarkozy....
...Think of Joe Stiglitz or the late Tony Atkinson here in the UK. This would, I think, be a better description of Austrian economics....
...Yet development has been so strong that Joseph Stiglitz, a left-leaning former chief economist of the World Bank, coined the phrase the “Mauritius miracle” in 2011, writing that it had built “a diverse economy...
...But crises, when GDP falls and unemployment increases, have large consequences for individual well-being now as well as for future growth....
...He has written several books challenging the predominance of GDP as an economic parameter, with views he claims are broadly in line with more leftist economists such as Joseph Stiglitz and Thomas Piketty...
...Joseph Stiglitz relentlessly lists flawed microeconomic building blocks of standard DSGE, including “(a) the theory of consumption; (b) the theory of expectations . . ....
...In describing the economic disaster that actually transpired, however, Stiglitz fails to note that on his own chart of eurozone GDP, it returned to the pre-crisis growth rate for two years and only fell...
...Analysts at DBS noted at the time: [T]he GDP data results are not bad enough to justify a postponement of the 2017 sales tax hike....
...Vestager was in New York last week as well, where she spoke at an #EUDiscussion with Joseph Stiglitz from the Columbia School of International and Public Affairs....
...European countries commit to ask no more than this as long as the GDP of Greece has not fully recovered from the 2009-2014 depression, ie, as long as the GDP of Greece is not back to a robust growth trajectory...
...Share of GDP, however, is not the most useful way of looking at it....
...But Mr Stiglitz said governments should embrace the concept as the current system was obsolete....
...It is clear what Greece needs now: economic recovery — aided by a significant easing of fiscal targets, of a maximum of 1.5 per cent of GDP surplus; by some financial restructuring of its debts, including...
...GDP measures value not utility. If something is not scarce no matter who useful it is (eg water) than it’s value will be low....
...But I don't see that as such a bad thing — a deficit of 1% of GDP, or even below, would suffice to get debt-to-GDP ratios down....
...Of course, the usual suspects, Krugman and Stiglitz, have long been loudly lambasting international austerity in general....
International Edition