In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZIn developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZThe only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZAnybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZSociety can’t function without shared prosperity.
JOSEPH STIGLITZDevelopment is about transforming the lives of people, not just transforming economies.
JOSEPH STIGLITZGDP tells you nothing about sustainability.
JOSEPH STIGLITZIt’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZWhen I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZThe more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZWhen markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZClimate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZThe problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZNationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZIf the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZInternational lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZWorkers’ rights should be a central focus of development.
JOSEPH STIGLITZ