The Missing Link on Obama's Economic Team | Newsweek Voices - Michael Hirsh |

Original: The Missing Link on Obama's Economic Team | Newsweek Voices - Michael Hirsh |

Hirsh: The Missing Link on Obama's Economic Team | Newsweek Voices - Michael Hirsh | Newsweek.com

It's not just that Stiglitz's Nobel-winning work, building on John Maynard Keynes's insights, uncovered profound fallacies in the Reagan-era idea that markets, especially in finance, can always correct themselves (good call, Nobel committee). In his writings and speeches since serving as chairman of Bill Clinton's Council of Economic Advisors and then chief economist of the World Bank, Stiglitz has been the leading voice opposed to the mindless liberalization of capital flows that brought us to where we are today.