He has the distinction, in a sense, of a “double Nobel” as he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In 2011, the prestigious Time magazine named him one of the 100 most influential people in the world. 8.
Prof. Stiglitz helped create a new branch of economics, “The Economics of Information”, exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard which have now become standard tools not only of theorists, but also of policy analysts. 9. I am sure many in this audience have read his book Globalization and Its Discontents.