IPD AI
Joseph Stiglitz
Kenneth J. Arrow
Jean-Paul Fitoussi has left a big mark both in terms of scholarship and policy-making influence around the world, and even more in Europe and France. Fitoussi’s pluralistic approach has shaped modern macroeconomics, political economy, economics of inequality and, more recently, the economics of sustainability. This volume is both a tribute to and study of the French economist Jean-Paul Fitoussi.
The text is edited by two of Fitoussi’s closest collaborators over the years and includes contributions from five Nobel Prize winners, all also Fitoussi’s co-authors and friends: Kenneth Arrow, Edmund Phelps, Amartya Sen, Robert Solow and Joseph Stiglitz. The volume editors provide a comprehensive introduction which contextualises Fitoussi’s work and discusses his interpretations of Keynesian economics and the financial crises, as well as a broad outline of his ideas. The contributors closely examine Fitoussi’s macroeconomic theory on managing economic policy, his ideas on Europe’s integration, sustainability and measurement of the economic world. The format of the volume is original, since it allows Fitoussi to respond to three of the five Nobel prize winners, and is unique in providing a wide scope of opinions from top authorities in the field.
This collection is a key study of Fitoussi’s ideas making it essential reading for students and researchers of macroeconomic policy, European political economy and sustainability, as well as being of importance to policy-makers, civil-servants and the interested lay person.
About the Editors
Eloi Laurent
Eloi Laurent is Senior Economist at OFCE/Sciences Po
Jacques Le Cacheux
Jacques Le Cacheux is a Professor at the Observatoire Francois des Conjonctures Economiques, France
About the Authors
Joseph Stiglitz
President
Initiative for Policy Dialogue (IPD)
Joseph E. Stiglitz is President of the Initiative for Policy Dialogue, and Chairman of the Committee on Global Thought at Columbia University. He is University Professor at Columbia, teaching in its Economics Department, its Business School, and its School of International and Public Affairs. He chaired the UN Commission of Experts on Reforms of the International Monetary and Financial System, created in the aftermath of the financial crisis by the President of the General Assembly. He is former Chief Economist and Senior Vice-President of the World Bank and Chairman of President Clinton’s Council of Economic Advisors. He was awarded the Nobel Memorial Prize in Economics in 2001.
Amartya Sen
Professor
Department of Economics
Harvard University
Kenneth J. Arrow
Faculty
Department of Economics
Stanford University
Kenneth Arrow is the Joan Kenney Professor of Economics and Professor of Operations Research, emeritus; a CHP/PCOR fellow; and an FSI senior fellow by courtesy. He is a Nobel Prize-winning economist whose work has been primarily in economic theory and operations, focusing on areas including social choice theory, risk bearing, medical economics, general equilibrium analysis, inventory theory, and the economics of information and innovation. He was one of the first economists to note the existence of a learning curve, and he also showed that under certain conditions an economy reaches a general equilibrium. In 1972, together with Sir John Hicks, he won the Nobel Prize in economics, for his pioneering contributions to general equilibrium theory and welfare theory.
Martin Guzman
José Antonio Ocampo