Celebrating the Irrational
December 24, 2002
Joseph E. Stiglitz
*Professor of Economics and Finance at Columbia University, the winner of the 2001 Nobel Prize in Economics, and author of Globalization and its Discontents.
Three cheers for the new Nobel laureates in economics: Daniel Kahneman of Princeton University, and Vernon Smith of George Mason University in Virginia. Like many Nobel Prizes, these awards recognize not only the seminal work undertaken by Kahneman and Smith, but