Nobel Laureate Warns of US Contraction in 2nd half of 2010

Joseph Stiglitz from Gary, Indiana, is a Nobel-prize winning economist. He was an active member of the debate team at Amherst College (where the endowment per student is around $740,000), about 2 hours from downtown Boston. He won the Nobel Prize for his work on screening, where one agent attempts to rectify an information asymmetry. Stiglitz has also written about information economics.