[OPE-L] Joseph Stiglitz, Radical Economist?

From: glevy@PRATT.EDU
Date: Tue May 23 2006 - 08:50:25 EDT

Rosa Rojas, "Stiglitz: Those Who Must Be Compensated Are The Bolivians,
Not the Companies" in _MRZine_:


In English and Spanish (originally published in Spanish in _La Jornada_).

The Nobel Prize winning economist and former Vice-President of the
World Bank favors "just compensation" to the Bolivians from the
companies which were nationalized.  In defending nationalization he
uses the analogy of what to do with a painting which was stolen (it
should be returned to its rightful owner). He also calls "free trade"
and the neo-liberal model failed policies.

Is he becoming a radical economist or is he a _real_ neo-liberal
i.e. a new liberal)?  More significantly, does he represent a segment
of the international bourgeoisie which is trying to put forward a more
pragmatic international economic policy which takes into account
some of the changing realities in Latin America and elsewhere?  Or, is
he basically just an isolated voice in a marginalist wilderness?

In solidarity, Jerry

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