Reduce Inequality, Increase Economic Growth: A Conversation with Joseph Stiglitz

Joseph Stiglitz, winner of the Nobel Prize for Economics, discusses the state of the world's economy in this interview, offering policy interventions to better serve society's economic needs.

Pointing to a grave failure of modern macroeconomic theory to predict the financial crisis, Stiglitz calls for new economic models from within the field to build a framework that maximizes individual capacity and advances society's interests.