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International economic news

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July 20, 2007

The "mad scientist" of globalization

Can you guess who he is?

he fancies himself a modern-day Keynes, an economist willing to use government intervention to rescue the capitalist system from its own shortcomings. In addition to calling for more regulation and improved safety nets, he supports demands for debt relief and increased aid for poor countries. He proposes increased transparency and more democratic representation at the international financial institutions. Finally, in language that sounds rather milquetoast, especially given the vigor with which he had just slammed the IMF, he advocates “a balanced view of the role of government, one which recognizes both the limitations and failures of markets and government, but which sees the two as working together, in partnership.”

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Comments

Thw Wizard of Oz? ;-)

Stiglitz

Fixing the world... one information asymmetry at a time.

my lord what a cartoon

and yet t'is true

the great stig
roars like a lion and bites like a lamb

too much
mister nice no

a house gadfly
no matter how brilliant
the buzz
remains
a house gad fly

Rx

stiggy
look to
the hebrew prophets
for
rhetorical guidance

clap like thunder
and let your
lightening strike home

not just
dance among the clouds

Good one, Justin!

Dani Rodrik

Barkley Rosser.

Well, Stiglitz probably is the one being referred to in the relevant article, which I did not dig into, although my point beyond the obvious humor is that as near as I can tell, Dani Rodrik would not disagree with most of that, although he probably does not consider himself to be a "modern day Keynes," whereas I suspect that Stiglitz well might.

It's obviously Stiglitz.

Robert Rubin?

Drats. The (g,d,rlh!) got left out of the last post.

I guessed right. It was the IMF quote that gave it away.

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