Joseph Stiglitz becomes Economic Advisor to Scottish Government.

Nobel Prize winner, and former chief economist of the World Bank, Joseph Stiglitz, has agreed to join the Scottish Government’s Council of Economic Advisors.


• He is the author of a damning critique of the World Bank and IMF austerity policies on developing countries and has recently warned, "Britain is embarking on a highly risky experiment. More likely than not, it will add one more data point to the well- established result that austerity in the midst of a downturn lowers GDP and increases unemployment, and excessive austerity can have long-lasting effects."