The State of Economics: The Revolution of Information Economics

Thinkers instrumental in shaping contemporary economics do a major stocktaking of the field, and also look ahead at the challenges of global development. The speakers reflect on the way thinking in economics has evolved in his or her area of interest, and also speculate about how the global economy is likely to evolve and the challenges this will pose for humankind, economic analysis, and polic... view more

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The Revolution of Information Economics: The Past and the Future | Kaushik Basu and Joseph Stiglitz

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The Revolution of Information Economics: The Past and the Future | Joseph Stiglitz part 1

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The Revolution of Information Economics: The Past and the Future | Joseph Stiglitz part 2

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The Revolution of Information Economics: The Past and the Future | Ravi Kanbur

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The Revolution of Information Economics: The Past and the Future | Hamid Rashid

About the Presenters

Kaushik Basu

Joseph Stiglitz

University Professor, Columbia University and 2001 Nobel Laureate in Economics
Joseph E. Stiglitz is a graduate of Amherst College, he received his PHD from MIT in 1967, became a full professor at Yale in 1970, and in 1979 was awarded the John Bates Clark Award, given biennially by the American Economic Association to the economist under 40 who has made the most significant contribution to the field. He has taught at Princeton, Stanford, MIT and was the Drummond Professor and a fellow of All Souls College, Oxford. He is now University Professor at Columbia University in New York, where he is also the founder and Co-President of the university's Initiative for Policy Dialogue. He is also the Chief Economist of the Roosevelt Institute. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information, and he was a lead author of the 1995 Report of the Intergovernmental Panel on Climate Change, which shared the 2007 Nobel Peace Prize. In 2011, Time named Stiglitz one of the 100 most influential people in the world.

Ravi Kanbur

T. H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics, Cornell University
Ravi Kanbur is T. H. Lee Professor of World Affairs, International Professor of Applied Economics and Management, and Professor of Economics at Cornell University. He holds an appointment tenured both in the Charles H. Dyson School of Applied Economics and Management in the College of Agriculture and Life Sciences, and in the Department of Economics in the College of Arts and Sciences. He holds a bachelor's degree in economics from the University of Cambridge and a doctorate in economics from the University of Oxford. He has taught at the Universities of Oxford, Cambridge, Essex, Warwick, Princeton and Columbia. Ravi Kanbur has served on the senior staff of the World Bank, including as Resident Representative in Ghana, Chief Economist of the African Region, and Principal Adviser to the Chief Economist of the World Bank. He has also served as Director of the World Bank's World Development Report. Professor Kanbur's main areas of interest are public economics, development economics and economic theory. His work spans conceptual, empirical, and policy analysis. He is particularly interested in bridging the worlds of rigorous analysis and practical policy making. His vita lists over 250 publications, covering topics such as risk taking, inequality, poverty, structural adjustment, labor, urbanization and agriculture.

Hamid Rashid

Chief, Department of Economic and Social Affairs, United Nations
Hamid Rashid is the Chief, Global Economic Monitoring, Development Policy and Analysis Division in the Department of Economic and Social Affairs (DESA) at the United Nations. He currently leads the publication of the World Economic Situation and Prospects (WESP) – the joint flagship publication of UN-DESA, UNCTAD and five UN regional commissions on the state of the world economy and emerging macroeconomic policy challenges. Prior to joining UN-DESA, Dr. Rashid served as a Senior Adviser in UNDP’s Bureau for Development Policy and led a multi-sectoral programme in the UNDP headquarters, addressing issues of property, labour and entrepreneurial rights of the poor. During 2006-2008, he served as the Director General for United Nations and Multilateral Economic Affairs at the Ministry of Foreign Affairs in Bangladesh. He was responsible for conceptualizing, coordinating and representing Bangladesh’s positions on various economic issues – special and differential market access for the least developed countries, international migration and financing for development - at the UN and other multilateral forums. Dr. Rashid earned his Ph.D. in Finance and Economics and MPA from Columbia University in New York and Bachelor of Science degree from the University of Texas. He has taught graduate level courses in economics and public policy at the Columbia University, University of Manchester and the London Business School.