http://www.economicpolicyjournal.com/2019/01/worthless-junk-from-nobel-prize-winner.html#more
By Michael S. Rozeff
Joseph Stiglitz got a Nobel in economics. His award doesn’t make his ideas any less incorrect. He endorses Green Socialism via the Green New Deal. His stories and interpretations of economic and political reality are worthless junk, like this one on inequality. For one rebuttal of the latter article, see here. That author is Mark Hendrickson, “…who earned his doctorate under Ludwig von Mises.” He makes statements about that Stiglitz article like these:
“…as has happened before, Mr. Stiglitz provides a faulty explanation.”
“Joseph Stiglitz’s diagnosis is flat-out wrong when he argues that the middle class is declining because the rich are getting richer.”
“…for him to blame the rich instead of government for today’s problems reflects a partisan and ideological bias rather than objective economic analysis.”
“Because Stiglitz’s diagnosis is wrong, his prescription also is wrong.”
“Joseph Stiglitz’s diagnosis is flat-out wrong when he argues that the middle class is declining because the rich are getting richer.”
“…for him to blame the rich instead of government for today’s problems reflects a partisan and ideological bias rather than objective economic analysis.”
“Because Stiglitz’s diagnosis is wrong, his prescription also is wrong.”
MCViewPoint 