India's economy over the last decade looks in many ways like a success story; after a major economic crisis in 1991, followed by bold reform measures, the economy has experienced a rapid economic growth rate, more foreign investment, and a boom in the information technology sector. Yet many in...

Virtually all industrialized nations have annual per capita incomes greater than $15,000; meanwhile, over three billion people, more than half the world's population, live in countries with per capita incomes of less than $700. Development economics studies the economies of such countries and the...

Throughout Joseph Stiglitz's long and distinguished career in economics, the focus has been on the real world, with all of its imperfections. His 2001 Nobel Prize recognized his pioneering research in imperfect information; his work in other areas, including macroeconomics, public economics, and...