how did joseph stiglitz bolster the ideas of research development 
in the 1980s he helped revive interest in the economics of r d stiglitz specifically addressed that the speed of research and development in an industry directly increases the total level of innovation in an industry 1the bottom linejoseph stiglitz is a renowned economist who defined information economics his theories in information asymmetry risk aversion and monopolistic competition have created tools used by industry and policy makers 