Which of the following Nobel Prize winners argues that persistent problems in developing nations have been the result of "textbook economic reasoning" and ideological support of strict capitalism by international financial institutions such as the World Bank?

Question

Social Studies

Yasmine Warren

5 April, 07:27

Which of the following Nobel Prize winners argues that persistent problems in developing nations have been the result of "textbook economic reasoning" and ideological support of strict capitalism by international financial institutions such as the World Bank?

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Maddox Hardy · Answer 1

The correct answer is Joseph Stiglitz

Explanation: Joseph Stiglitz is an American economist, teacher, and scholar. His work has direct influence in the fields of public finance, growth, income distribution, economics of economic capitalization, and especially in the studies of market theories. In addition, Joseph is part of his career with the public sector and financial institutions.