In two separate talks at Wharton recently, Nobel prize-winning economist Joseph Stiglitz and Pete Peterson, chairman of The Blackstone Group, lamented what they see as the sorry state of the U.S. economy, and then presented their views on how to fix it. Not surprisingly, the answers offered by Stiglitz, former chairman of the Council of Economic Advisors under President Clinton, and Peterson, former Secretary of Commerce under President Nixon, have little in common, although both fault the Bush administration for failing to adequately address some of the country’s toughest issues, ranging from Social Security reform and budget deficits to persistent unemployment and economic inequality.
Editor’s Note: this is a bit topical, but some of the points made are about fundamentals of economics; also, NOW with Bill Moyers, a PBS program, interviewed Pete Peterson – you can read the transcript at
Knowledge@Wharton
Subjects: Economics, People
