Patrick Bond, Pambazuka News, 9 July 2009
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A couple of Nobel prize-winning economists are giving major talks in Johannesburg this week. Many in civil society hope the visits by two of global capitalism’s best-known critics can pull local economic policy debates further leftwards, towards meeting social needs, not market dogmas and corporate profitability.
Without wanting to prejudge, I just don’t think such expectations will be fulfilled. The ideas for which Muhammad Yunus and Joseph Stiglitz won the Nobel Peace Prize and the Economics Prize in 2006 and 2001 respectively are simply not sufficient for these tumultuous times.
Related:
Let’s make South Africa the first country to eradicate poverty, says Professor Yunus
Bangladeshi banker Yunus: Global economic crisis can lead to positive social change
Stiglitz Blames Crisis on Inflation Targeting, Business Day Says
Stiglitz recording now available
The Wits Faculty of Humanities, the Wits Business School, the Department of Trade and Industry, the Initiative for Policy Dialogue based at Columbia University and the Financial Times hosted a public lecture by Nobel Laureate Prof. Joseph E. Stiglitz on 8 July entitled The financial crisis and the implications for the discipline of economics. Click here to listen to a recording of the talk.
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