BBC World Service Online

Exchanges: The Global Economy

Factual: Money

Justin Rowlatt interviews the world's greatest economists

Exchanges: The Global Economy; Exchanges: The Global Economy; Joseph Stiglitz

Exchanges: The Global Economy: Exchanges: The Global Economy: Episode 1: Joseph Stiglitz

Factual: Health & Wellbeing

Professor Joseph Stiglitz and Justin Rowlatt.

Episode 1

Episode 1: Joseph Stiglitz

Joseph Stiglitz

BBC World Service - Exchanges: The Global Economy, Exchanges: The Global Economy, Joseph Stiglitz

Nobel Prize winning economist Professor Joseph Stiglitz on the global cost of inequality

Nobel Prize winning economist Professor Joseph Stiglitz on the global cost of inequality.

Professor Joseph Stiglitz joins the BBC’s Justin Rowlatt, a phalanx of French economists and the Parisian public, as they debate the cost of inequality at Paris Dauphine University.

Professor Stiglitz is a Nobel Prize winning economist, a former advisor of Bill Clinton and former chief economist of the World Bank. His counsel is sought by much of the developing world’s leadership and by national governments across the globe. He has a stark warning to make: inequality is so rampant that all over the world it is depressing economies and dividing societies. Even when they conspicuously live the high life, the rich are incapable of consuming all they earn - the money is piling up and it is a drag on growth. The rest of us – with declining wages and less influence on politicians – are borrowing more to keep living standards the same. 

Stiglitz wants to curb financial sectors, restore full employment, get governments to drive growth and raise taxes. Is he right? Can a ‘state-led’ capitalism lead to high growth and stable economies? Is equality really the way to restore health to advanced economies around the world?

(Photo: Joseph Stiglitz and Justin Rowlatt - Copyright Université Paris-Dauphine)

Accessibility links

Programme Index

Exchanges: The Global Economy

Exchanges: The Global Economy

Episode 1: Joseph Stiglitz

Genres

Brand

Series

BBC World Service Online

About BBC World Service