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Contact: Mary Caffrey (609) 258-5748
Date: November 8, 1996

Joseph Stiglitz, Chairman of President Clinton's Council of Economic Advisers, to Discuss "What Lies Ahead"

Princeton, N.J. -- Joseph E. Stiglitz, chairman of President Clinton's Council of Economic Advisers, will give a public lecture, "What Lies Ahead for the Economy," at 5 p.m. November 15 in McCosh 50. Afterward, Stiglitz will take questions from the audience.

Stiglitz's address is sponsored by the University's Center for Economic Policy Studies and is one of several lectures associated with the celebration of Princeton's 250th Anniversary.

President Clinton appointed Stiglitz to his post as chairman of the Council of Economic Advisers on June 28, 1995. Stiglitz joined the council in July 1993 after receiving Senate confirmation. He is on leave from Stanford University, where he is the Joan Kennedy Professor of Economics. Stiglitz was a professor of economics at Princeton from 1979 to 1988.

Stiglitz helped create a new branch of study, the "economics of information," which recogizes that information is often imperfect and analyzes the consequences of this fact on the performance of market economies. This subject has received widespread application throughout economics.

In 1979, the American Economic Association awarded Stiglitz the Joseph Bates Clark award, given to the economist under age 40 who has made the most significant contributions to the field.

Princeton University's Center for Economic Policy Studies (CEPS), was founded in 1989 by Alan Blinder, the Gordon S. Rentschler Memorial Professor of Economics and the former vice-chairman of the Federal Reserve Board, to support economic policy research at Princeton and to encourage the discussion of policy issues among academic, government and business experts. Since returning to Princeton in February 1996, Blinder has returned to his position as co-director of CEPS with fellow Princeton Professor Harvey Rosen.