Magazine
Latest Issue

Stiglitz to the Tories: No more austerity, please—and don’t forget about inequality

The Nobel Prize-winning economist offers some advice to the new government

By Prospect Team  

For the past week or so, the Nobel Prize-winning American economist Joseph E Stiglitz has been in the UK promoting his new book, The Great Divide. The title refers, of course, to inequality, which Stiglitz thinks saps democratic legitimacy and undermines the economy. Indeed, the economics of inequality is the principal theme of the essays and articles collected in the book. “Sustained economic growth,” Stiglitz writes, “can’t happen when the vast majority of…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect