Nobel Laureate Dr. Joseph Stiglitz discusses income inequality, inequality of opportunity at annual Bloustein lecture

October 29, 2015

stiglitzOn Monday, October 19 Dr. Joseph Stiglitz , Nobel laureate in economics and University Professor at Columbia University’s School of International and Public Affairs, presented the annual Ruth Ellen Steinman and Edward J. Bloustein Memorial Lecture to a full house at the Bloustein School’s Governor James J. Florio Special Events Forum. The talk, based on his book The Great Divide: Unequal Societies and What We Can Do About Them, considered the basis for much of the inequality existing in the United States, and what can be done about it.

Using data from the past century, Dr. Stiglitz showed how the inequality gap has widened in the U.S. He emphasized that income has risen in the United States since World War II so that as a nation we have been getting richer; however, the distribution of that wealth has become increasingly unequal, and the lack of access to health care and post-secondary education has increased the magnitude of inequality in the United States in 2015.

A substantial portion of the lecture was also focused on the inequality of opportunity in contemporary America. Dr. Stiglitz noted that inequality in America now extends to chasms in health care, the access to justice, and fair working hours for many Americans. New class barriers have been erected over the past several decades even as society has worked to break down racial, ethnic and gender barriers. All of these facts, Dr. Stiglitz argued, show that the American Dream has become a myth.

Recent Posts

Nikpour Receives Office of Disability Services Award

Professor Fereydoun Nikpour was selected for the Office of Disability Services Faculty Honor Roll. The Faculty Honor Roll is a new initiative to recognize instructors who go above and beyond to support the work of the Office of Disability Services (ODS). ODS staff...

Heldrich Report: NJ’s Energy-Efficiency Workforce Needs

New Jersey's Energy-Efficiency Workforce Needs, Infrastructure, and Equity Assessment New Jersey Governor Phil Murphy’s Energy Master Plan and Executive Order 315 set a goal to reduce fossil fuel usage to 100% clean energy by 2035. The Executive Order also called for...

Shaul Picker Receives 2024 Mortensen-Voorhees Award

Shaul Picker is the 2024 recipient of the Mortensen-Voorhees Award for Achievement in Transportation Studies. This award is granted annually to the highest-achieving student with a concentration in transportation at the Edward J. Bloustein School of Urban Planning and...

NJSPL – Key Insights from Early Offshore Wind Implementation

By Jessica Parineet Offshore wind development is in its early stages in the United States, with just under one gigawatt (GW) of utility scale capacity constructed. State decarbonization goals have catalyzed industry progress thus far, however the Biden administration...

EJB Talks: Political Update with Stuart Shapiro and Amy Cobb

Analyzing Trump's Guilty Verdict and the 2024 Election Outlook Stuart Shapiro welcomes back Amy Cobb MPAP '18 for a political update in the final EJB Talks episode of the spring 2024 season. They discuss the potential consequences of Trump's guilty verdict for...

Upcoming Events

Latest Past Events

Jersey City Alumni Mixer

Zeppelin Hall Biergarten 88 Liberty View Dr, Jersey City

Join us for an alumni mixer in #JerseyCity on Thursday, June 6th at Zeppelin Hall Biergarten. Parking for Zeppelin Hall is FREE - more information can be found here: This […]