25. Joseph Stiglitz
for relentlessly questioning economic dogma.
Economist | Columbia University | New York
When the bottom fell out of the U.S. economy in the winter of 2008, Stiglitz was standing over the wreckage proclaiming: I told you so. The Columbia University and former World Bank economist has long warned that excessive deregulation could spell doom for the U.S. economy. But throughout his career, he has been an equal-opportunity gadfly. Stiglitz won the 2001 Nobel Prize in economics for showing how information asymmetries can cause markets to fail. Best known for arguing that globalization works against poor countries, he more recently has joined the chorus calling for a new reserve currency to replace the U.S. dollar. His iconoclasm has often placed Stiglitz on the outside looking in on the policymaking process. But with the financial crisis calling into question core principles of the economic system, politicians from France's Nicolas Sarkozy to China's Hu Jintao are turning to America's most prominent economic dissident for answers.
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