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Articles by Ben Chu

We found 1 results.

Joseph Stiglitz: ‘Jail the Bankers’
Ben Chu – The Independent, 9 Jul 2012

The Barclays Libor scandal may have shocked the British public, but Nobel Economics Laureate Joseph Stiglitz saw it coming decades ago. And he’s convinced that jailing bankers is the best way to curb market abuses. A towering genius of economics, Stiglitz wrote a series of papers in the 1970s and 1980s explaining how when some individuals have access to privileged knowledge that others don’t, free markets yield bad outcomes for wider society.