A Perspective on the Views of Five Nobel Prize Winners on the Biggest Global Economic Problem
Posted: 12 Oct 2014 Last revised: 21 Sep 2015
Date Written: October 1, 2014
In a paper entitled Looming Ahead (Finance & Development, 2014), five Nobel Prize winners discussed what they each saw as the biggest problem racing the global economy of the future. These included George A. Akerlof, Paul Krugman, Robert Solow, Michael Spence and Joseph E. Stiglitz. In this paper, we look at the relationships between the problems exposed by them.
Keywords: economic growth, global warming, inequality, unemployment, sustainable development, capitalism
JEL Classification: D63, E24, F43, J2, O1, O4, Q32, R11
Suggested Citation: Suggested Citation