He is an American economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute. A recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979), he is a former senior vice president and chief economist of the World Bank and a former member and chairman of the (US president's) Council of Economic Advisers. Known for his pioneering work on asymmetric information, his work focuses on income distribution, risk, corporate governance, public policy, macroeconomics and globalization. He is the author of numerous books, and several bestsellers. His most recent publications are: La globalizzazione e i suoi oppositori, Einaudi (2006); Rewriting the Rules of the American Economy. An Agenda for Growth and Shared Prosperity, W.W. Norton & Company Inc. (2015); L’Euro. Come una moneta comune minaccia il futuro dell'Europa, Einaudi (2017); Popolo, potere e profitti. Un capitalismo progressista in un’epoca di malcontento, Einaudi (2020) and Riscrivere l’economia europea. Le regole per il futuro dell'Unione, Il Saggiatore (2020).