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Professor Joseph Stiglitz, Columbia University: Recovery or no recovery?

Professor Joseph StiglitzThe inaugural conference of the Institute for New Economic Thinking (INET) brought policy makers, chief theorists, Nobel Prize winners in their profession and historians of economic thought to one place to learn from one another.

Joseph Stiglitz, Professor of Economics at Columbia University, says the economic recovery might not be maintained as fiscal stimulus measures are phased out. “Bubble theory”, he says, has been proven wrong.