Podcasts about profits progressive capitalism

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Best podcasts about profits progressive capitalism

Latest podcast episodes about profits progressive capitalism

Pitchfork Economics with Nick Hanauer
The Road to Freedom (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

Play Episode Listen Later Jul 16, 2024 48:05


Nobel Prize-winning economist Joseph Stiglitz joins Nick and Goldy to talk about his new book, "The Road to Freedom: Economics and the Good Society.” Stiglitz challenges the orthodox economic theories that have shaped our understanding of capitalism and argues for a new approach called progressive capitalism. Stiglitz also discusses the flaws of neoliberalism, popular misconceptions about freedom, and the widespread benefits of addressing issues like climate change and inequality. He shares insights on the need for a broader set of economic policies that prioritize the well-being of all people, not just the wealthy. Their discussion sheds light on the evolving landscape of economic thought and the hope for a more equitable and sustainable future. Joseph Stiglitz is a Nobel Prize-winning economist and the best-selling author of multiple books on economics. He was also chairman of the Council of Economic Advisers under President Clinton and chief economist of the World Bank. He now teaches at Columbia University and is chief economist of the Roosevelt Institute. His latest book, The Road to Freedom: Economics and the Good Society, delves into the failures of the neoliberal economic model and presents a comprehensive critique of how "free" markets have led to various crises, including financial instability, inequality, and social unrest. Twitter: @JosephEStiglitz Further reading:  The Road to Freedom: Economics and the Good Society More from Joseph Stiglitz:  People, Power, and Profits: Progressive Capitalism for an Age of Discontent For Good Measure: An Agenda for Moving Beyond GDP Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump The Price of Inequality Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

The Agenda with Steve Paikin (Audio)
Joseph Stiglitz: Is Progressive Capitalism An Oxymoron?

The Agenda with Steve Paikin (Audio)

Play Episode Listen Later Nov 3, 2022 19:53


Joseph Stiglitz, Nobel Laureate economist at Columbia University, and author of "People, Power, and Profits: Progressive Capitalism for an Age of Discontent," joins The Agenda to discuss the prospect of reforming the global economy and what he calls a progressive capitalism.See omnystudio.com/listener for privacy information.

Pitchfork Economics with Nick Hanauer
The limits of the market (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

Play Episode Listen Later Aug 30, 2022 41:36


One of the central theories of classical economics is that markets respond quickly and efficiently to changes in demand. But the supply chain disruptions that left store shelves empty for much of the pandemic demonstrate that the markets aren't the efficient adapters that classic economists believe them to be. Nobel laureate economist Joseph Stiglitz explains why the tendency to believe in the market is one of the most deeply rooted trickle-down myths, and why government intervention is the best way to respond to economic downturns. This episode was originally released in May 2020. Joseph Stiglitz is a Nobel laureate economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. Twitter: @JosephEStiglitz People, Power, and Profits: Progressive Capitalism for an Age of Discontent: https://www.indiebound.org/book/9781324004219 Four Priorities for Pandemic Relief Efforts: https://rooseveltinstitute.org/four-priorities-for-covid19-pandemic-relief-efforts/ Why Our Affluent Society Is Facing Shortages in the Face of the Coronavirus Pandemic: https://time.com/5811505/affluent-society-shortages-coronavirus-pandemic Deficit Lessons for the Pandemic From the 2008 Crisis: https://prospect.org/economy/deficit-lessons-pandemic-2008-crisis/ How the Economy Will Look After the Coronavirus Pandemic: https://foreignpolicy.com/2020/04/15/how-the-economy-will-look-after-the-coronavirus-pandemic/ Top economist: US coronavirus response is like ‘third world' country: https://www.theguardian.com/business/2020/apr/22/top-economist-us-coronavirus-response-like-third-world-country-joseph-stiglitz-donald-trump Website: https://pitchforkeconomics.com  Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick's twitter: @NickHanauer

Tabadlab Presents...
Pakistonomy - Episode 122 - Unlocking Capital Access for Small Business

Tabadlab Presents...

Play Episode Listen Later Aug 12, 2022 49:43


Small businesses are the backbone of any economy. When they thrive, the economy grows, opportunity and jobs are created, and a culture of bottom-up innovation takes hold. In Pakistan, MSMEs face a tough time getting access to growth capital. Karandaaz Capital is changing this and this episode dives deep into how this change is happening. Uzair talks to Navid Goraya, who is Chief Investment Officer at Karandaaz Capital. He has over 25 years of global experience in asset management, investment strategy, product development and corporate finance. Before joining Karandaaz as the CIO, he was leading a Strategic Advisory Firm, White Oak Advisors Inc, in New York where he was involved in serving private equity funds, family offices, banks and insurance companies in support of global investments in the US, Middle East, South East Asia and South Asia. Reading recommendations: - People, Power, and Profits: Progressive Capitalism for an Age of Discontent by Joseph Stiglitz - How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need by Bill Gates

Unf*cking The Republic
Fuck Milton Friedman: The Chicago School of Economics.

Unf*cking The Republic

Play Episode Listen Later Jun 10, 2021 79:31


Here we are Unf*ckers. It's our great hope that we contextualize the Chicago School of Economics and its high priest Milton Friedman by alternately expanding our view of the world and narrowing in on crucial moments that changed the course of history. As mentioned in the teaser last week, we'll give credit where credit is due. At no point will we call into question the intellect or even integrity of Milton Friedman or the institution he is synonymous with. To the contrary, we firmly believe that Milton Friedman was indeed a man of great integrity. His downfall, as we'll argue, was his undying commitment to orthodoxy. His belief that economics is an exact science and that markets are inherently just and therefore capable of taming the worst instincts of human nature. Fuck. Milton. Friedman. Show Notes: Pod Love Economic Update with Richard D. Wolff: economicupdate.libsyn.com Pitchfork Economics with Nick Hanauer: pitchforkeconomics.com The David McWilliams Podcast: davidmcwilliams.ie/podcast Pod Love Joseph Stiglitz- People, Power, and Profits: Progressive Capitalism for an Age of Discontent: bookshop.org/a/23377/9780393358339 Binyamin Appelbaum- The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society: bookshop.org/a/23377/9780316512329 Johan Van Overtveldt- The Chicago School: How the University of Chicago Assembled the Thinkers Who Revolutionized Economics and Business: bookshop.org/a/23377/9781932841190 Zachary D. Carter- The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes: bookshop.org/a/23377/9780525509035 Thomas Piketty- Capital and Ideology: bookshop.org/a/23377/9780674980822 -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Buy yourself some Unf*cking Coffee at shop.unftr.com. Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Immodest Max and distributed by people who care about the world.  Podcast art description: Image of the US Congress ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic." See omnystudio.com/listener for privacy information.

Voice of FinTech
Sustainable Finance with Foraus, a Swiss Foreign Policy think tank

Voice of FinTech

Play Episode Listen Later Apr 6, 2021 30:51


Nadir Franca, Senior Sustainable Fellow, and Fabian Ligibel, co-lead at Foraus - Sustainable FinTech, spoke to Rudolf Falat, founder of the Voice of FinTech podcast, about Sustainable FinTech or Finance.Here is what they covered: Nadir's and Fabian's backstories What is Foraus? What are its mission and objectives? What is a think tank industry? What’s the competitive landscape for think tanks and how do you compare each other?  How do you define Sustainable FinTech or Finance? Sustainability and impact investing are intertwined and both become mainstream. What’s the difference, especially when they are FinTech related? Most people by now heard about ESGs/SDGs – how can FinTech help humanity in achieving them?  Examples of FinTechs, which can make a noticeable impact vs. SDGs/ESGs and be financially sustainable as well. Yova, a Swiss sustainable investment platform - also appeared on this podcast earlier here Recommended books: People, power and Profits: Progressive Capitalism for an Age of Discontent by Joseph E. Stiglitz, Development as freedom by Amartya Sen or The Entrepreneurial State: Debunking Public vs. Private Sector Myths or Value of Everything: Making and taking in the global economy by Mariana Mazzucato and also discussed Capital in the Twenty-First Century by Thomas Piketty Planned publications and events this year What’s the best to find out more about Foraus, sustainable FinTech and its research Thank you Daniel Mika and the Swiss Finance + Technology Association (SFTA) for making it happen! Foraus is a proud member of the Green Fintech Network Switzerland. Check out the Foraus - Sustainable FinTech for the network's recommendations on how to improve green FinTech in Switzerland.If you enjoyed this episode, don't forget to subscribe and please leave a review.

The Greenlight Bookstore Podcast
Episode QS12: Joseph Stiglitz + Felicia Wong (August 13, 2020)

The Greenlight Bookstore Podcast

Play Episode Listen Later Aug 13, 2020 59:26


Nobel Prize-winning economist Joseph E. Stiglitz discusses his newest book People, Power, and Profits: Progressive Capitalism for an Age of Discontent, with Roosevelt Institute president Felicia Wong.  Wong and Stiglitz expand on the book's analysis of the various and insidious ways in which contemporary capitalism is rigged against the average citizen and tilted in favor of big business and the wealthy, connecting Stiglitz's arguments to the current COVID-19 crisis and Black Lives Matter protests through the intersection of racial and economic injustice. (Recorded June 4, 2020)

Pitchfork Economics with Nick Hanauer
Why the market fails in a crisis (with Joseph Stiglitz)

Pitchfork Economics with Nick Hanauer

Play Episode Listen Later May 19, 2020 42:49


One of the central theories of classical economics is that markets respond quickly and efficiently to changes in demand. But the pandemic clearly demonstrates that the markets aren’t the efficient adapters that classic economists believe them to be. Nobel laureate economist Joseph Stiglitz explains why the tendency to believe in the market is one of the most deeply rooted trickle-down myths, and why government intervention is the best way forward through this economic downturn.  Joseph Stiglitz is a Nobel laureate economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. In 2011, Stiglitz was named by Time magazine as one of the 100 most influential people in the world. Known for his pioneering work on asymmetric information, Stiglitz focuses on income distribution, risk, corporate governance, public policy, macroeconomics, and globalization. His most recent book, People, Power, and Profits, was just released in paperback.  Twitter: @JosephEStiglitz Further reading:  People, Power, and Profits: Progressive Capitalism for an Age of Discontent: https://www.indiebound.org/book/9781324004219 Four Priorities for Pandemic Relief Efforts: https://rooseveltinstitute.org/four-priorities-for-covid19-pandemic-relief-efforts/ Why Our Affluent Society Is Facing Shortages in the Face of the Coronavirus Pandemic: https://time.com/5811505/affluent-society-shortages-coronavirus-pandemic/ Deficit Lessons for the Pandemic From the 2008 Crisis: https://prospect.org/economy/deficit-lessons-pandemic-2008-crisis/ How the Economy Will Look After the Coronavirus Pandemic: https://foreignpolicy.com/2020/04/15/how-the-economy-will-look-after-the-coronavirus-pandemic/ Top economist: US coronavirus response is like ‘third world’ country: https://www.theguardian.com/business/2020/apr/22/top-economist-us-coronavirus-response-like-third-world-country-joseph-stiglitz-donald-trump Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer Learn more about your ad choices. Visit megaphone.fm/adchoices

KPFA - Letters and Politics
Fund Drive Special: Stiglitz on Covid-19 and Tomorrow’s Economy

KPFA - Letters and Politics

Play Episode Listen Later May 18, 2020 59:58


Guest: Nobel Prize winning Economist, Joseph Stiglitz is University Professor at Columbia University, and chief economist of the Roosevelt Institute. He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers. His most recent book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent.   The post Fund Drive Special: Stiglitz on Covid-19 and Tomorrow's Economy appeared first on KPFA.

Living in the USA
Joseph Stiglitz: The Virus & the Economy; plus Harold Meyerson and Katrina vanden Heuvel

Living in the USA

Play Episode Listen Later May 1, 2020 56:11


Nobel Prize-winning economist Joseph Stiglitz says the US has “one of the poorest systems of unemployment insurance in the world”—and that our number one priority should be to keep workers connected to their jobs. His book "People, Power and Profits: Progressive Capitalism for an Age of Discontent" is out now in paperback, with a new preface. Plus: Harold Meyerson has today's update in the politics of the coronavirus--and we'll also talk about about the future of labor after the pandemic. Also: Katrina vanden Heuvel reports on solidarity with the front-line workers fighting the virus—starting in New York, where people cheer hospital workers coming off their shifts at 7pm every night. Finally: Where's Paul Krassner when we need him?

Trump Watch
Joseph Stiglitz: The Virus & the Economy; plus Harold Meyerson and Katrina vanden Heuvel

Trump Watch

Play Episode Listen Later Apr 30, 2020 56:16


Nobel Prize-winning economist Joseph Stiglitz says the US has “one of the poorest systems of unemployment insurance in the world”—and that our number one priority should be to keep workers connected to their jobs. His book "People, Power and Profits: Progressive Capitalism for an Age of Discontent" is out now in paperback, with a new preface. Plus: Harold Meyerson has today’s update in the politics of the coronavirus--and we’ll also talk about about the future of labor after the pandemic. Also: Katrina vanden Heuvel reports on solidarity with the front-line workers fighting the virus—starting in New York, where people cheer hospital workers coming off their shifts at 7pm every night. Finally: Where's Paul Krassner when we need him?

Start Making Sense
Joseph Stiglitz: What Workers Need Right Now; plus Katrina Vanden Heuvel on Solidarity

Start Making Sense

Play Episode Listen Later Apr 22, 2020 34:07


Nobel Prize-winning economist Joseph Stiglitz says the US has “one of the poorest systems of unemployment insurance in the world”—and that our number one priority should be to keep workers connected to their jobs.  His book People, Power and Profits: Progressive Capitalism for an Age of Discontent is out now in paperback, with a new preface. Also: Katrina vanden Heuvel talks about solidarity with the front-line workers fighting the virus—starting in New York, where people cheer hospital workers coming off their shifts at 7pm every night.  Subscribe to The Nation to support all of our podcasts: http://thenation.com/podcastsubscribe.

Slate Daily Feed
The Gist: Too Much Oil Anyway

Slate Daily Feed

Play Episode Listen Later Apr 20, 2020 32:53


On the Gist, Trump doesn’t understand sizes of countries. In the interview, economist Joseph Stiglitz is here to talk about the economic impact of the coming recession. He and Mike discuss ways the government could distribute support funds better, how long it might take us to recover from such high unemployment, and what history tells us about potential growth post-recession. Stiglitz’s latest book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent. In the spiel, crude oil is below zero. Email us at thegist@slate.com Podcast production by Daniel Schroeder and Margaret Kelley. Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Gist
Too Much Oil Anyway

The Gist

Play Episode Listen Later Apr 20, 2020 32:53


On the Gist, Trump doesn’t understand sizes of countries. In the interview, economist Joseph Stiglitz is here to talk about the economic impact of the coming recession. He and Mike discuss ways the government could distribute support funds better, how long it might take us to recover from such high unemployment, and what history tells us about potential growth post-recession. Stiglitz’s latest book is People, Power, and Profits: Progressive Capitalism for an Age of Discontent. In the spiel, crude oil is below zero. Email us at thegist@slate.com Podcast production by Daniel Schroeder and Margaret Kelley. Slate Plus members get bonus segments and ad-free podcast feeds. Sign up now. Learn more about your ad choices. Visit megaphone.fm/adchoices

KPFA - Democracy Now
Joseph Stiglitz: Trump's “Trickle-Down” Economic Plans Are Not Enough to Meet Coronavirus Challenge

KPFA - Democracy Now

Play Episode Listen Later Mar 19, 2020 1:18


The coronavirus relief package signed by President Trump Wednesday provides unemployment benefits and free coronavirus testing to millions of Americans suddenly out of a job, but guarantees paid sick leave to less than 20% of American workers. Earlier this month, Trump signed into law an $8 billion coronavirus response package and has laid out the first details of a third, $1 trillion economic package and invoked the Korean War-era Defense Production Act to allow the government to direct industrial production. For more on those bailouts and who benefits, we speak with Joseph Stiglitz, Nobel Prize-winning economist, Columbia University professor and chief economist for the Roosevelt Institute. He served as chair of the Council of Economic Advisers under President Bill Clinton and as chief economist of the World Bank. His latest book is “People, Power and Profits: Progressive Capitalism for an Age of Discontent.” The post Joseph Stiglitz: Trump's “Trickle-Down” Economic Plans Are Not Enough to Meet Coronavirus Challenge appeared first on KPFA.

The McFuture with Steve Faktor
Schooled By Stiglitz – Nobel Economist’s 40-Minute Crash Course on EVERYTHING

The McFuture with Steve Faktor

Play Episode Listen Later Dec 18, 2019 39:20


Ever get the urge to run all your wild theories by a Nobel Prize-winning economist? Well, I got to do just that with the former Chief Economist of the World Bank, Columbia University Professor, and author of:  People, Power, and Profits: Progressive Capitalism for an Age of Discontent The Euro: How a Common Currency Threatens the Future of Europe The Price of Inequality: How Today's Divided Society Endangers Our Future We left no stone unturned in a tight 40-minute tour-de-force that covered EVERYTHING, including: Why investor "Peter Thiel should study a little economics" Technological unemployment: will we have enough jobs for 10B people? How to fix monopolies Why innovation isn't working What's the right amount/pace of immigration? From pre-school to college, is education the great equalizer?  Free markets vs. regulation  Banking/Finance vs. values Why inequality = anxiety How to save a failing Europe, EU and Euro Legitimacy of Brexit Aging populations Minimum Wage Viability of free trade zones Bernie Sanders/Donald Trump Be sure to share, subscribe & review the podcast on iTunes. Support the show on Patreon & get the latest Member-Only episode: Idiocracy  

The Tom Woods Show
Ep. 1475 Gene Epstein Smacks Down Progressive Economics

The Tom Woods Show

Play Episode Listen Later Aug 21, 2019 52:10


Gene Epstein returns to discuss People, Power, and Profits: Progressive Capitalism for an Age of Discontent, the new book by economist Joseph Stiglitz. It gets the full Epstein treatment.

MONEY FM 89.3 - Your Money With Michelle Martin
Read: Joseph Stiglitz on 'People, Power, and Profits: Progressive Capitalism for an Age of Discontent'

MONEY FM 89.3 - Your Money With Michelle Martin

Play Episode Listen Later Aug 7, 2019 12:01


Michelle Martin, speaks with one of the most prominent economists of our times Joseph E. Stigliz, ( a double Nobel Prize winner) to find out why he is optimistic that  collective action can tame the problems of unfettered markets.

nobel prize joseph stiglitz michelle martin profits progressive capitalism
Spectator Radio
Spectator Books: Joseph Stiglitz - the invisible hand doesn't exist

Spectator Radio

Play Episode Listen Later Jul 5, 2019 40:28


Sam speaks to the Nobel prize-winning economist Joseph Stiglitz, architect of Bill Clinton’s “Third Way” and former chief economist at the World Bank.  His new book People, Power and Profits: Progressive Capitalism for an Age of Discontent argues Trump’s economic boom is a “sugar-high”, and that the US economy is in a far, far worse state than anybody thinks. As a result, he says, we need to reevaluate our whole faith in free markets. The reason the "invisible hand" is invisible, he says, is because it isn’t there. He talks about why thinks that, and what we need to do about it. Spectator Books is a series of literary interviews and discussions on the latest releases in the world of publishing, from poetry through to physics. Presented by Sam Leith, The Spectator's Literary Editor. Hear past episodes of Spectator Books here (https://audioboom.com/dashboard/4905582) .

Political Wire Conversations
Joseph Stiglitz: Saving Capitalism From Itself

Political Wire Conversations

Play Episode Listen Later Jun 21, 2019 31:25


It’s already one of the major issues of the 2020 presidential campaign: Does American capitalism still work?  In the face of ever widening income disparity – not just exponential upward movement at the top, but also, at best, stagnation near the bottom — economic inequality is a key social and political topic. Which is why Joseph Stiglitz’ 55th high school reunion was so telling. It was about four years ago, the Nobel Prize winning economist was reminiscing with old friends in Gary, IN, when he heard a story that made him stand up straight. Then he heard another. And another. These classmates’ stories brought to life the statistics Stiglitz had been seeing in his economic charts: Lost jobs, poor access to health care, shorter life spans, diminishing hope. The numbers hadn’t lied, and now they were talking to Stiglitz at his high school reunion. Their message: The economy was broken. In fact, more than just the economy wasn’t working – Capitalism itself seemed off. Following that class reunion, Stiglitz further saw an erosion of society’s pillars, and – being an economist – connected them all: The economy, capitalism, and democracy. He sounded the alarm, and the result is his new, powerful book: “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.” Beyond the Nobel Prize, Stiglitz' career highlights include: He served as President Clinton’s Chair of the US Council of Economic Advisers and Chief Economist of the World Bank. He’s the best-selling author of more than 10 books and today is a University Professor at Columbia University.  For show notes & my newsletter, go to chrisriback.com

Spectator Books
Joseph Stiglitz: People, Power, and Profits.

Spectator Books

Play Episode Listen Later May 1, 2019 40:03


In this week’s books podcast, the guest is the Nobel prize-winning economist Joseph Stiglitz, architect of Bill Clinton’s “Third Way” and former chief economist at the World Bank.  His new book People, Power and Profits: Progressive Capitalism for an Age of Discontent argues Trump’s economic boom is a “sugar-high”, and that the US economy is in a far, far worse state than anybody thinks. As a result, he says, we need to reevaluate our whole faith in free markets. The reason the "invisible hand" is invisible, he says, is because it isn’t there.  He talks about why thinks that, and what we need to do about it.

Slate Daily Feed
Slate Money Extra: Live Q&A with Joseph Stiglitz

Slate Daily Feed

Play Episode Listen Later Apr 30, 2019 53:28


In this bonus episode, Felix leads a live Q&A with Nobel prize winning economist Joseph Stiglitz on his new book 'People, Power, and Profits: Progressive Capitalism for an Age of Discontent'. Learn more about your ad choices. Visit megaphone.fm/adchoices

Slate Money
Slate Money Extra: Live Q&A with Joseph Stiglitz

Slate Money

Play Episode Listen Later Apr 30, 2019 53:28


In this bonus episode, Felix leads a live Q&A with Nobel prize winning economist Joseph Stiglitz on his new book 'People, Power, and Profits: Progressive Capitalism for an Age of Discontent'. Learn more about your ad choices. Visit megaphone.fm/adchoices

Working Capital Conversations
Joseph Stiglitz: Is Capitalism Working?

Working Capital Conversations

Play Episode Listen Later Apr 28, 2019 30:29


About four years ago, Nobel Prize winning economist Joseph Stiglitz was attending his 55th high school reunion in Gary, IN, when he heard a story that made him stand up straight. Then he heard another. And another. These classmates’ stories – about themselves and their families – brought to life the statistics Stiglitz had been seeing in his economic charts: Lost jobs, poor access to health care, shorter life spans, crumbling infrastructure, lost opportunity, waning hope. The numbers hadn’t lied, and now they were talking to Stiglitz at this gathering with old friends. Their message: The economy was broken. In fact, more than just the economy wasn’t working – Capitalism itself seemed off. From his current and past work, Stiglitz knew the causes: Exploitation & market power; mismanagement of globalization; a deregulated financial sector that helped lead to the Great Recession; new technologies that threatened even more job displacement; the growing difference between wealth creation and wealth extraction. Following that class reunion, Stiglitz further saw an erosion of society’s pillars, and – being an economist – connected them all: The economy, capitalism, and democracy. He decided to sound the alarm, and the result is his new, powerful book: “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.” Stiglitz has written a definitive economic (and political) blue print for these times – a detailed agenda he calls Progressive Capitalism. “We have to,” he says, “save capitalism from itself.” I was excited to explore the ideas with him and the conversation didn’t disappoint. About Joe Stiglitz: Beyond the Nobel Prize, he has earned enough awards to be their own podcast. Just one early example: the John Bates Clark Medal in 1979, awarded by the American Economic Association to the "American economist under the age of 40 who is adjudged to have made a significant contribution to economic thought and knowledge.” Among his career highlights: He served as President Clinton’s Chair of the US Council of Economic Advisers, Chief Economist of the World Bank. He’s the best-selling author of more than 10 books and today is a University Professor at Columbia University.