Wednesday August 12, 2020

Stiglitz’s narrow polemic fails to consider altern ative views

Economics, The Euro: And Its Threat to the Future of Europe, By Joseph E Stiglitz, Allen Lane, €27

11th September, 2016
German chancellor Angela Merkel pictured with German finance minister Wolfgang Schäuble Picture: Getty

Joseph Stiglitz, the Nobel Prize-winning economist and former adviser to Bill Clinton, is not a man to mince his words. When asked about Ireland’s tax arrangements with Apple during an RTE radio interview last week, he accused Minister for Education Richard Bruton of talking “utter balderdash”.

Reading his latest polemic against what he calls “free-market fundamentalism”, it is hard not to feel that Bruton got off relatively lightly.

Stiglitz...

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