Traps for the American and world economies. Apropos the Russian translation of Joseph E. Stiglitz’s The Roaring Nineties. Seeds of Destruction (Sovremennaya ekonomika i pravo, Moscow, 2005)

Abstract

The appearance of a new book by the winner of the 2001 Nobel Prize in economics Joseph Stiglitz, The Roaring Nineties. Seeds of Destruction (Norton, New York, 2003), was a major event in world economics. The author is more than merely an eminent American scholar. He served in the Clinton Administration as chair of the President’s Council of Economic Advisors (1993–1997). At the World Bank, he served as Senior Vice President and Chief Economist (1997–January 2001), took part in economic policy making in the United States and around the world, and visited dozens of countries. The Russian translation of his work was made by G. G. Pirogov, Dr. Sci. (Polit.), who succeeded in bringing home to the reader the frenetic spirit of Stiglitz’s ideas and making in the shape of notes important addenda and elucidations that develop the book’s ideas.