| Introduction | 1 |
| 1 | Joseph E. Stiglitz and Economics for an Imperfect World | 3 |
| 2 | A Small Pearl for Doctor Stiglitz's Sixtieth Birthday: When Risk Averters Positively Relish "Excess Volatility" | 11 |
| 3 | On the Role of Good Faith in Insurance Contracting | 17 |
| 4 | Markets under Stress: The Case of Extreme Event Insurance | 35 |
| 5 | Per-Mile Premiums for Auto Insurance | 53 |
| 6 | Capital Adequacy Regulation: In Search of a Rationale | 83 |
| 7 | Learning Revisited | 111 |
| 8 | Regulating Nonlinear Environmental Systems under Knightian Uncertainty | 127 |
| 9 | Conflicting Preferences and Voluntary Restrictions on Choices | 145 |
| 10 | Punctuality: A Cultural Trait as Equilibrium | 163 |
| 11 | A Few Righteous Men: Imperfect Information, Quit-for-Tat, and Critical Mass in the Dynamics of Cooperation | 183 |
| 12 | Market Structure, Organizational Structure, and R&D Diversity | 195 |
| 13 | Patent Oppositions | 221 |
| 14 | The Economics of Vertical Restraints | 247 |
| 15 | Stumbling Toward a Macroeconomics of the Medium Run | 271 |
| 16 | Waiting for Work | 283 |
| 17 | Welfare Economics in Imperfect Economies | 299 |
| 18 | Optimality or Sustainability | 331 |
| 19 | Labor Market Flexibility and the Welfare State | 349 |
| 20 | The Fiscal Politics of Big Governments: Do Coalitions Matter? | 367 |
| 21 | Indirect Taxation and Redistribution: The Scope of the Atkinson-Stiglitz Theorem | 387 |
| 22 | Optimum Income Taxation When Earnings Are Imperfectly Correlated with Productivity | 405 |
| 23 | Can Government Collect Resources without Hurting Investors? Taxation of Returns from Assets | 419 |
| 24 | Reforming the Taxation of Human Capital: A Modest Proposal for Promoting Economic Growth | 439 |
| 25 | Birth, Recoveries, Vaccinations, and Externalities | 469 |
| 26 | The Road Less Traveled: Oligopoly and Competition Policy in General Equilibrium | 485 |
| 27 | Trade, Geography, and Monopolistic Competition: Theory and an Application to Spatial Inequalities in Developing Countries | 501 |
| 28 | Public Policy for Growth and Poverty Reduction | 519 |
| 29 | Risk, Reform, and Privatization | 535 |
| 30 | Can Privatization Come Too Soon? Politics after the Big Bang in Post-Communist Societies | 549 |
| App. 31 | Information and the Change in the Paradigm in Economics | 569 |
| App. 32 | Joseph E. Stiglitz Bibliography | 641 |
| Index | 683 |