This economist proposes creating a "prize fund" for vaccine research that will replace medical patentsand founded the Initiative for Policy Dialogue.
This economist proposes creating a "prize fund" for vaccine research that will replace medical patentsand founded the Initiative for Policy Dialogue. With a colleague, he noted that wages must remain highenough to discourage shirking, and thus wages cannot drop enough to eliminate unemployment even in theabsence of a minimum wage. This inventor of the "efficiency wage" hypothesis alongside Carl Shapiroworked with Linda Bilmes to assess the cost of American action in Iraq in The Three Trillion Dollar War.A theorem named for him and Bruce Greenwald addresses the role of screening in information asymmetry.This former head of the World Bank lambasted the IMF's role in promoting free trade in the 1990s. For 10points, name this former Bill Clinton advisor who wrote Globalization and Its Discontents.
This economist proposes creating a "prize fund" for vaccine research that will replace medical patentsand founded the Initiative for Policy Dialogue.
Joseph Stiglitz