Conversations on the credit crunch: Joseph Stiglitz

In an interview recorded in Paris on January 9 2009, Columbia university's Nobel laureate economist Joseph Stiglitz tells Lionel Barber, editor of the Financial Times, why tax cuts are not the way to fix the global economy, why China's contribution to the solution could be 'small peanuts', and why banks are to blame for all the major economic shocks of the past 25 years