Major Works Add to list Added to list

Stiglitz and his Discontent

More informationLess information

Globalization and its Discontents is Joseph Stiglitz's attempt to articulate to a wide audience his trenchant critique of the International Monetary Fund, its vision of globalization and, in effect, the organization of the world capitalist system. This paper argues that while Globalization and its Discontents is deeply flawed, it is ultimately an important book. Stiglitz's critique of IMF-style globalization is rooted in mainstream economic theory, but its conclusions are quite radical. Stiglitz argues that IMF policies favor the rich over the poor, stifle development, undermine democracy, and promote financial instability and crisis. His claims are by no means original. But no economist with comparably impeccable mainstream credentials has asserted so forcefully that globalization's critics are, on many crucial issues, correct. The power of Stiglitz's book lies primarily not in its originality or insight, but in its legitimization of popular criticisms of globalization.

Full text
‘Stiglitz and His Discontent’, TimothyKoechlinReview of Political Economy, 18(2) (2006): 253–264. © 2006 Taylor & Francis. Reprinted by permission of Taylor & Francis Group,

Table of Contents

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles