Joseph E. Stiglitz
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2001
Born: 9 February 1943, Gary, IN, USA
Affiliation at the time of the award: Columbia University, New York, NY, USA
Prize motivation: "for their analyses of markets with asymmetric information."
Contribution: Showed that asymmetric information can provide the key to understanding many observed market phenomena, including unemployment and credit rationing.
Prize share: 1/3