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Review of "Globalization and Its Discontents"
By Daniel T. Griswold
Introduction
Globalization and Its Discontents
Joseph E. Stiglitz
New York: W. W. Norton & Company, 2002, 282 pp.
A more accurate title for this book should have been, Joseph Stiglitz and His Discontents. What could have been an enlightening look at globalization by one of the nation's best-known economists proves instead to be a score-settling exercise distorted by the author's own political prejudices and personal animus.
The book is all the more disappointing because Joseph Stiglitz is an economist's economist. He's written acclaimed textbooks on public finance and contributed enough to the profession to earn a Nobel Prize in 2001. He served in key advisory positions during what the Chinese would call interesting times, first as chairman of President Clinton's Council of Economic Advisers and then as chief economist at the World Bank during the East Asian financial meltdown and its aftermath.
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