"Freefall: America, Free Markets, and the Sinking of the World Economy" (W. W. Norton & Co., 391 pages, $27.95): As a Nobel Prize winner, member of the cabinet under former President Bill Clinton and chairman of his Council of Economic Advisers, Joseph E. Stiglitz has ...

NEW YORK (Reuters) - President Barack Obama's proposal to limit financial risk-taking at Wall Street banks is "a big step forward," Nobel laureate economist Joseph Stiglitz said on Thursday, but derivatives regulation is still needed. "As is always the case with regulation, the devil is in the details, but this is a big step forward from where things have been ...

The US economy needs a new stimulus in the face of growth that is too weak to fuel enough job creation to bring unemployment down, Nobel laureate economist Joseph Stiglitz said Thursday. "The single most important thing we can do (for the economy) is to pass a second stimulus," Stiglitz told an economic forum at the Council on Foreign Relations ...

Gross domestic product — that traditional way of measuring economic growth — has won out over a new happiness index in France. The head of France's statistics office dashed hopes Tuesday that a report commissioned by President Nicolas Sarkozy could lead to a new, less-profit focused measure ...