The magazine features a glowing profile this week of Joseph Stiglitz, a high-profile economist who appears never to have met a problem that didn’t scream “market failure” and “increased government intervention.”
At least the article includes this aside:
To his critics?and there are many?Stiglitz is a self-aggrandizing
rock-thrower. Even some of his intellectual allies note that while
Stiglitz is often right on the substance of issues, he tends to leap to
the conclusion that government can make things better.
In a list of economists arranged from “far left to extreme right,” Newsweek places Stiglitz to the left of Paul Krugman and to the right of Keynes, two spots away from Karl Marx.
