In this conversation at the Review of Democracy,Joseph Stiglitz discusses key features of progressive, social democratic capitalism; explains what motivated him to want to reclaim the language of freedom from the Right; and reflects on what the toolkit of the economist can contribute to our understanding of the relationship between freedom and democracy.

Joseph Stiglitz is among the best-known economists and public policy analysts in the world. He acted as the senior vice president and chief economist of the World Bank andalso served as the chairman of the US president’s Council of Economic Advisers.Stiglitz was the recipient of the Nobel Memorial Prize in Economic Sciences in 2001. He currently acts as a professor at Columbia University.

The Road to Freedom. Economics and the Good Society has been published by W. W. Norton.

The conversation was conducted by Ferenc Laczó.