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Description - Whither Socialism? by Joseph E. Stiglitz

The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this book, Joseph Stiglitz explains how the neoclassical model not only may have provided an inadequate framework for understanding market economies but may have wrongly encouraged the belief that market socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater theoretical insight into the workings of a market economy and clearer guidance for the setting of policy in transitional economies.

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Book Details

ISBN: 9780262691826
ISBN-10: 0262691825
Format: Paperback / softback
(254mm x 178mm x 20mm)
Pages: 352
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 31-Jan-1996
Country of Publication: United States

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Author Biography - Joseph E. Stiglitz

Joseph E. Stiglitz, a Fellow of the American Academy of Arts and Sciences since 1983, is University Professor at Columbia University. He won the Nobel Prize in economicscience in 2001. His recent books include Globalization and Its Discontents (2002) and The Roaring Nineties: A New History of the World's Most Prosperous Decade (2003). He is indebted to the MacArthur, Mott, and Ford Foundations for financial support.

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