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We all have the sense that the American economy - and its government - tilts toward big business, but as Joseph E. Stiglitz explains in 'People, Power, and Profits' the situation is dire. A few corporations have come to dominate entire sectors of the economy, contributing to skyrocketing inequality and slow growth. This is how the financial industry has managed to write its own regulations, tech companies have accumulated reams of personal data with little oversight, and our government has negotiated trade deals that fail to represent the best interests of workers

Discusses how the 2008 financial crisis revealed the shortcomings of the euro and how it has caused Europe's economic stagnation, and outlines three possible plans for moving forward

Joseph Stiglitz examines the theory behind the economic downturns that have plagued our world in recent times. This fascinating three-part lecture acknowledges the failure of economic models to successfully predict the 2008 crisis and explores alternative models which, if adopted, could potentially restore a stable and prosperous economy.

PART I: ANALYTICAL ISSUES 1.1. Crises: Principles and Policies-- Joseph Stiglitz 1.2. Comments-- Martin Guzman PART II: DEBT CRISES: VARIETIES OF EXPERIENCES 2.1. The Latin American Debt Crisis in Historical Perspective-- Jose Antonio Ocampo 2.2. Comments-- Pablo Sanguinetti 2.3. What have the Crises in Emerging Markets and the Eurozone in Common and What Differentiates Them?-- Roberto Frenkel 2.4. Comments-- Ricardo Beczuk 2.5. From Austerity to Growth in Europe: some Lessons from Latin America-- Stephany Griffith-Jones 2.6. Comments-- Hernan Seoane PART III: DEBT DEFAULTS: COSTS AND RESTRUCTURING GAMES 3.1. Strategic Behavior in Sovereign Debt Restructuring: Impact and Policy Responses-- Rohan Pitchford and Mark L. J. Wright 3.2. Comments-- Federico Weinschelbaum 3.3. Sovereign Debt Restructuring: The Road Ahead-- Benu Schneider 3.4. Comments-- Fernando Navajas PART IV: DEALING WITH CRISES: INSTRUMENTS AND POLICIES 4.1. Saving the Euro: Self-fulfilling Crisis and the 'Draghi Put'-- Marcus Miller 4.2. Comments-- Alfredo Schclarek Curutchet 4.3. GDP-Linked Bonds and Sovereign Default-- David Barr, Oliver Bush and Alex Pienkowski 4.4. Comments-- Enrique Kawamura 4.5. Multiple Choices: Economic Policies in Crisis-- Daniel Heymann and Axel Leijonhufvud 4.6. Comments-- Jorge Carrera

"This paper provides a general framework for analyzing the optimal degree and form of financial integration. Full integration is not in general optimal: faced with a choice between two polar regimes, full integration or autarky, autarky may be superior. The intuition is simple: if underlying technologies are not convex, then risk-sharing can lower expected utility. The simplistic models arguing for financial integration typically employed in economics assume convexity; but the world is rife with non-convexities, e.g. associated with bankruptcy. The architecture of the credit market can, for instance, affect the likelihood of a bankruptcy cascade, "contagion," and systemic risk"--National Bureau of Economic Research web site