Part I: Risk and Markets: Basic Concepts Introduction to Part I A. Foundations of Risk Measuring Risk 1: Joseph E. Stiglitz and Michael Rothschild: Increasing Risk 2: Joseph E. Stiglitz and P. Diamond: Increases in Risk and in Risk Aversion Risk with more than one commodity 3: Behavior toward Risk With Many Commodities 4: A Consumption Oriented Theory of the Demand for Financial Assets and the Term Structure of Interest Rates B: Portfolio Theory 5: Joseph E. Stiglitz and D. Cass: The Structure of Investor Preferences and Asset Returns, and Separability in Portfolio Allocation: A Contribution to the Pure Theory of Mutual Funds 6: Joseph E. Stiglitz and D. Cass: Risk Aversion and Wealth Effects on Portfolios with Many Assets Part II: Management of Risk Introduction to Part II A: Trade and Capital Market Liberalization 7: Joseph E. Stiglitz and P. Dasgupta: Tariffs Versus Quotas As Revenue Raising Devices Under Uncertainty 8: Joseph E. Stiglitz: Capital-Market Liberalization, Globalization and the IMF B: Risk Sharing 9: Joseph E. Stiglitz: Risk and Global Economic Architecture: Why Full Financial Integration May be Undesirable 10: Joseph E. Stiglitz: Contagion, Liberalization, and the Optimal Structure of Globalization 11: Joseph E. Stiglitz, Stefano Battiston, Domenico Delli Gatti, Mauro Gallegati, and Bruce Greenwald: Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk 12: Joseph E. Stiglitz, S. Battiston, D. Delli Gatti, M. Gallegati, and B. Greenwald: Default Cascades: When Does Risk Diversification Increase Stability? C: Commodity Price Stabilization 13: Joseph E. Stiglitz and D. Newbery: Risk Aversion, Supply Response, and the Optimality of Random Prices: A Diagrammatic Analysis 14: Joseph E. Stiglitz: Optimal Commodity Stock-Piling Rules D: Schochastic Capital Theory 15: Joseph E. Stiglitz, William A. Brock and Michael Rothschild: Stochastic Capital Theory Part III: Theory of the Firm Introduction to Part III A: Corporate Finance 16: Joseph E. Stiglitz: A Re-Examination of the Modigliani-Miller Theorem 17: Joseph E. Stiglitz: On the Irrelevance of Corporate Financial Policy B: Alternative Objectives of the Firm 18: Joseph E. Stiglitz and S. Grossman: On Value Maximization and Alternative Objectives of the Firm 19: Joseph E. Stiglitz and S. Grossman: Stockholder Unanimity in the Making of Production and Financial Decisions 20: Joseph E. Stiglitz and B. Greenwald: Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior C: The Implications of Value Maximization 21: Joseph E. Stiglitz: On the Optimality of the Stock Market Allocation of Investment 22: Joseph E. Stiglitz: Some Aspects of the Pure Theory of Corporate Finance: Bankruptcies and Take-Overs 23: Joseph E. Stiglitz: Some Elementary Principles of Bankruptcy Part IV: Industrial Organization Introduction to Part IV A: Monopolistic Competition 24: Joseph E. Stiglitz and A. Dixit: Monopolistic Competition and Optimal Product Diversity 25: Joseph E. Stiglitz: Towards a More General Theory of Monopolistic Competition B: Potential Competition 26: Joseph E. Stiglitz: Potential Competition May Reduce Welfare 27: Joseph E. Stiglitz: Technological Change, Sunk Costs, and Competition C: Vertical Constraints 28: Joseph E. Stiglitz and P. Rey: Vertical Restraints and Producers' Competition 29: Joseph E. Stiglitz and P. Rey: The Role of Exclusive Territories in Producers' Competition Part V: The Economics of Organization Introduction to Part V 30: Joseph E. Stiglitz and R. Sah: Human Fallibility and Economic Organization 31: Joseph E. Stiglitz and R. Sah: The Architecture of Economic Systems: Hierarchies and Polyarchies 32: Joseph E. Stiglitz and R. Sah: Committees, Hierarchies and Polyarchies 33: Joseph E. Stiglitz and R. Sah: Qualitative Properties of Profit-Maximizing K-out-of-N Systems Subject to Two Kinds of Failure 34: Joseph E. Stiglitz and R. Sah: The Quality of Managers in Centralized Versus Decentralized Organizations 35: Joseph E. Stiglitz: Incentives, Information and Organizational Design Part VI: Theory of Consumer Behavior Introduction to Part VI 36: Joseph E. Stiglitz: Toward a General Theory of Consumerism: Reflections on Keynes' Economic Possibilities for Our Grandchildren 37: Joseph E. Stiglitz and K. Hoff: Equilibrium Fictions: A Cognitive Approach to Societal Rigidity 38: Joseph E. Stiglitz and Karla Hoff: Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior