Joseph Stiglitz - friend or foe? Progressive capitalism?

[oldtimer28]

Joseph Stiglitz - friend or foe? Progressive capitalism?

[oldtimer28]

eg.

A call to arms to change capitalism
Stiglitz, Joseph
The Lancet (British edition), 2021-05-15, Vol.397 (10287), p.1797-1799

Mazzucato cites the role of the South Korean Government in developing high-definition technology, and the UK Government's role in that country's position in the aerospace industry. From Alice Amsden's early work on South Korea and Robert Wade's on Taiwan, to the World Bank's study on the East Asian Miracle, scholars have focused their attention on the central role of government in development—the developmental state. If we could think and act in this way, we could realize a new vision for sustainable cities or inspire business investment in the social infrastructure and health-care innovations required for a new understanding of well-being, or tackle the greatest challenges of our time such as climate change and health pandemics.” [...]as the great economist Kenneth Arrow showed almost 60 years ago, markets are not efficient in either the production or use of knowledge.

[diamenz]

great question.