Record

RefNoEC/2009/50
LevelItem
TitleStiglitz, Joseph: certificate of election to the Royal Society
Date14 May 2009
DescriptionCertificate of Candidate for Election to the Foreign Membership
CitationStiglitz won the 2001 Nobel Prize in Economics for helping create "The Economics of Information," exploring the consequences of information asymmetries. He pioneered concepts of adverse selection, moral hazard and screening, now used routinely by theorists and policy analysts. His work on unemployment and credit rationing showed that even small information asymmetries overturned long-standing propositions that market equilibria would be either efficient or necessarily characterised by market-clearing. He was Chair of the Council of Economic Advisers to President Clinton, Vice-President and Chief Economist at the World Bank, and now leads the Brooks World Poverty Institute at The University of Manchester.
Extent6p
FormatPrinted
AccessStatusClosed
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    Browse the records of some of our collections, which cover all branches of science and date from the 12th century onwards. These include the published works of Fellows of the Royal Society, personal papers of eminent scientists, letters and manuscripts sent to the Society or presented at meetings, and administrative records documenting the Society's activities since our foundation in 1660.

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