Stiglitz was the one who had sensed the possibility of an outbreak of financial and economic crises in the United States earlier than most others.H e analyzed the causes for the current crises and proposed policies against the crises.H e criticized market fundamentalism and neoliberalism, claiming that state intervention in market economy was necessary.H e also made predictions about the impact of these crises on the western economic theories.However, because of his New Keynesian position his ideas are not without limitation.
|Translated title of the contribution
|Stiglitz' s Ideas on the Current Financial Crisis and Economic Crisis
|Number of pages
|Published - 2010
- financial crisis
- economic crisis
- market fundamentalism