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CAMPUS BULLETINS
Over the last 35 years, Stiglitz has made contributions to nearly every field of economic theory — macroeconomics, microeconomics, international economics, labor economics, financial economics and development economics. A tenured professor at Yale at the age of 27, he has since been a faculty member at Princeton, Oxford and Stanford and has become a Fellow of the Econometric Society and a member of the National Academy of Science. He has published more than 300 papers and a dozen books. Stiglitz has become influential not only in academia but also in the making and evaluation of international economic policy. In the 1990s, he was a member of President Clinton's Council of Economic Advisers, eventually serving as chairman. He became chief economist of the World Bank in 1997, where he consulted with heads of state and ministers. He split with the International Monetary Fund over his belief that its austerity programs imposed on developing countries did more harm than good, and returned to education. Stiglitz was a visiting professor at both the Graduate School of Business and the Graduate School of Arts and Sciences in January 2000. He plans to make SIPA the location for his new Initiative for Policy Dialogue, a foundation aimed at providing an alternative to the International Monetary Fund and World Bank for countries in need of sound economic policy advice.
The College Fund Committee, working in conjunction with the development staff in the Alumni Office, was led by chairman Edward Weinstein '57, with seven vice chairs supporting his efforts: Robert Berne '60, Abby Black Elbaum '92, Steve Jacobs '75, Conrad Lung '72, Robert Fischbein '60, Larry Rubinstein '60 and Steve Schwartz '70. Highlights of the year included record participation by the Class of 2001, with more than 30 percent of graduating seniors choosing to support the College Fund; young alumni giving also was stimulated by last year's launch of the Hamilton Associates honor society for young alumni/senior class donors. The class of 1991, celebrating its 10th reunion, surpassed 20 percent participation and received a matching gift of $5,000 for its effort. Parents contributed $447,000 to the College, with record participation of 23 percent. Gifts to the Fund allow Dean Austin Quigley and his staff to pursue initiatives to improve the services and resources offered to students of the College. Unrestricted gifts are those which give the dean the most flexibility to use where he sees the need, providing current and immediately usable funds for the College's many programs, including financial aid and student services.
The wrought iron gates on 116th (both Broadway and Amsterdam) were removed in June, repaired and re-installed in August. Butler Library improvements continue as well, with changes to the stacks on the fourth and fifth floors and plans for a new 24-hour reading room on the fourth floor. A black box theater and studio facilities for WKCR have been completed in Lerner Hall, and improvements also were made to the infrastructures of Low Library, Wien Hall and several other buildings.
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BANK ON
IT: Joseph Stiglitz, former chief economist of the World Bank,
has joined Columbia in a joint professorship among the College's
department of economics, the Graduate School of Business and the
School of International and Public Affairs. Previously at Stanford,
Stiglitz wanted to relocate to the Northeast, and although he was
also sought by Harvard and Yale, he told The New York Times
that he preferred Columbia because of the high level of student
attendance and interest in lectures he had delivered as a visiting
professor.
