Economist Joseph E. Stiglitz Awarded the Open Society Prize

Budapest, June 24, 2019 – Central European University awarded its highest honor, the Open Society Prize, to Columbia University professor and economist Joseph E. Stiglitz.

Stiglitz won the 2001 Nobel Memorial Prize in Economic Sciences for his pioneering work on the theory of markets with asymmetric information, chaired the US President’s Council of Economic Advisers from 1995-1997, and served as chief economist of the World Bank from 1997-2000. The author of several bestselling books, including The Price of Inequality (2012), Stiglitz researches income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He has enriched economics and economic policy with analytical insight and courageous advocacy. As an exemplary public educator, Stiglitz shaped debate on globalization and the economic costs of inequality and outlined a vision of a progressive capitalism rooted in justice and freedom.

CEU honored Stiglitz for a lifetime of brilliant economic analysis and outspoken advocacy of open society values during its graduation ceremony on June 24, 2019. In his acceptance remarks, Stiglitz found overlapping goals shared between his own work and that of the Open Society Foundation, George Soros and CEU. “I’ve always viewed my academic work as not just an end in itself, but as a means to an end—creating a must just society, a more open society, a society with more respect for human rights,” said Stiglitz. He continued: “Nothing is more symbolic of the meaning of an open society than a free press and academic freedom.”