The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZWhen markets fail, as they often do, collective action becomes imperative.
More Joseph Stiglitz Quotes
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GDP tells you nothing about sustainability.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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We won’t have an economic recovery until Covid-19 is under control.
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Development is about transforming the lives of people, not just transforming economies.
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Loose money and light regulation were a toxic mixture. It exploded.
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Multinational corporations must pay their fair share of taxes.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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It is trust, more than money, that makes the world go round.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ