The future of Europe
Nobel laureate Joseph Stiglitz
I am very pessimistic
In his book The Price of Inequality Nobel laureate Josef Stiglitz blames the dominance of politics by the rich. What happened to the motto 'one person, one vote'? In an interview with Dieter Bachmann und Valentin Ade from the newspaper Tagesanzeiger, Stiglitz explained that America is very far from that theory today: "Today it is more like ‘one dollar – one vote’. It has been proven true in the past, if you just invest enough money in advertising and media, you can influence people’s views in your favor."
This summary is part of a compilation of speeches delivered by Nobel laureates at UBS Center events. We invite you to explore our Nobel Opinions and find out more about their research, their vision, and their solutions to address some of the most pressing issues of our time.
In his book The Price of Inequality Nobel laureate Josef Stiglitz blames the dominance of politics by the rich. What happened to the motto 'one person, one vote'? In an interview with Dieter Bachmann und Valentin Ade from the newspaper Tagesanzeiger, Stiglitz explained that America is very far from that theory today: "Today it is more like ‘one dollar – one vote’. It has been proven true in the past, if you just invest enough money in advertising and media, you can influence people’s views in your favor."
This summary is part of a compilation of speeches delivered by Nobel laureates at UBS Center events. We invite you to explore our Nobel Opinions and find out more about their research, their vision, and their solutions to address some of the most pressing issues of our time.
Opinions: The future of Europe
It was a great privilege for the UBS Center to host Nobel laureate Josef Stiglitz’ public lecture on January 27, 2014, where he talked about the future of Europe. In his keynote, Stiglitz pointed out that it is important to determine the weakness of the European system responsible for the Euro crisis starting in 2009. He believes that the basic problem lies in the fundamental European economic model. He concluded by arguing that the introduction of the euro may have been a mistake.
It was a great privilege for the UBS Center to host Nobel laureate Josef Stiglitz’ public lecture on January 27, 2014, where he talked about the future of Europe. In his keynote, Stiglitz pointed out that it is important to determine the weakness of the European system responsible for the Euro crisis starting in 2009. He believes that the basic problem lies in the fundamental European economic model. He concluded by arguing that the introduction of the euro may have been a mistake.
Video
How to design the finance of the future
Being a core area of economics, finance related topics are reflected in numerous activities of the Center. Questions on the most diverse aspects of finance are key: What can we learn from past financial crises? What does a fair tax system look like? What does the financial system of the future look like? How can we keep Swiss finance in play? How do we deal with sovereign debt?
Being a core area of economics, finance related topics are reflected in numerous activities of the Center. Questions on the most diverse aspects of finance are key: What can we learn from past financial crises? What does a fair tax system look like? What does the financial system of the future look like? How can we keep Swiss finance in play? How do we deal with sovereign debt?
UBS Nobel Perspectives
To help address the big questions that shape our world, UBS has sought out a number of Nobel laureates in Economic Sciences to ask them to share insights, discuss their research, and open their inquiring minds.
Explore various videos with Joseph E. Stiglitz where he debates topics like financial crises and the widening gap between the rich and poor.
To help address the big questions that shape our world, UBS has sought out a number of Nobel laureates in Economic Sciences to ask them to share insights, discuss their research, and open their inquiring minds.
Explore various videos with Joseph E. Stiglitz where he debates topics like financial crises and the widening gap between the rich and poor.
Speaker
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers.
Joseph E. Stiglitz is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers.