Which economic theory is Joseph Stiglitz known for supporting?
Georgist public finance theory
Classical economics
Neoclassical economics
Keynesian economics
Answer
Joseph Stiglitz is known for his support for the Georgist public finance theory. This economic theory advocates for the economic value derived from land, including natural resources and natural opportunities, to belong equally to all residents of a community.
Test Your Knowledge: The Life and Legacy of Economist Joseph Stiglitz