Reviewing Stiglitz

Brad DeLong reckons Joe Stiglitz is a bit confused in his new book, Globalization and its Discontents. DeLong shows Stiglitz takes four different positions on the IMF’s involvement in Indonesia. His conclusion? “Until Stiglitz can figure out which of these four positions is truly his, we won’t know in which direction he thinks world economic governance should move. And we won’t know what to think of his book.”

Incidentally, I’ve only just found Brad’s weblog, the Semi-Daily Journal. Brad is an excellent, Berkeley-based economist, who also writes with wit and verve. It will unquestionably become a regular destination for me.