Nobel Prize-winning economist Joseph Stiglitz grew up in Gary, Ind. — a city that has weathered many economic storms over the past half-century.
Stiglitz went on to study at Amherst College and MIT, where he received a Ph.D. in economics. He later served on and chaired President Clinton's Council of Economic Advisers and became the chief economist at the World Bank. But even as a child, Stiglitz says, he noticed ways in which the markets weren't working.