Why Joe Stiglitz transferred

Joe Stiglitz is switching schools. Following a contentious tenure as the World Bank’s chief economist from 1997 to 1999, Stiglitz last month accepted a tenured professorship at Columbia instead of returning to his old position at Stanford. Why?

New professional and personal agendas. “After the World Bank my interests moved very much into international economics, and that is an area where Columbia is very strong,” he says. “I’m still involved in international financial issues but also in international policy issues, and it is easier to operate over on the East Coast.” Stiglitz has also separated from his wife; he is now living with journalist Anya Schiffrin in New York. The brainy economist enjoys a public forum. His outspoken attacks on the International Monetary Fund’s handling of the 1997,'98 Asian financial crisis infuriated his more orthodox Washington colleagues, including former Treasury secretary , now Harvard president , Larry Summers. Stiglitz’ current agenda includes speaking out on environmental issues, consulting to the Justice Department on antitrust issues and running his Initiative for Policy Dialogue think tank, which seeks to provide an alternative to the policy advice dispensed by the IMF and World Bank. Expect more fireworks.

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