I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. Joseph Stiglitz allocationclearefficient share on social
I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life. Joseph Stiglitz americanchildcity Change image and share on social
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists. Joseph Stiglitz airdistinguisheconomics Change image and share on social
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. Joseph Stiglitz amherstbroaddevelopment Change image and share on social