Podcast
Odd Lots
It was a critical study of international institutions and their functions. He found it groundbreaking for its lack of inevitability when it came to policy choices.
But globalization and its discontents was the first time I had read an actual critical study of some of these institutions and I thought it was so good. I was like, oh hey, these weren't inevitable by...
— Episode: Joseph Stiglitz on How to Build Shock-Pr...
Episode: Joseph Stiglitz on How to Build Shock-Proof Supply...
It was a critical study of international institutions and their functions. He found it groundbreaking for its lack of inevitability when it came to policy choices.
But globalization and its discontents was the first time I had read an actual critical study of some of these institutions and I thought it was so good. I was like, oh hey, these weren't inevitable by any means and we can have a discussion over what it is they do and how they should function.
And going back to the book globalization discontents one of my discontents with that book was I didn't give the view my view is about what could be done and I wrote a sequel called making globalization work and in that sequel I discussed some aspects of this issue I pointed out that Germany had become excessively dependent on machine gas and you know it may be the president Bush looked in the eyes of Putin and said he's somebody I can trust a lot of other people looked at his eyes and came to other conclusions and whether you did or not trust Putin it was a risk and putting all your eggs in that basket was just a mistake so the question was that I wanted to pose more generally was are markets efficiently resilient.