The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZClimate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
More Joseph Stiglitz Quotes
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Amherst is a liberal arts college, committed to providing students with a broad education.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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It’s easy to get rich by getting a state asset at a deep discount.
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When markets fail, as they often do, collective action becomes imperative.
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Ask not what your country can do for you, ask what you can do for your country.
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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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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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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Multinational corporations must pay their fair share of taxes.
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Workers’ rights should be a central focus of development.
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We won’t have an economic recovery until Covid-19 is under control.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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