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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Joseph Stiglitz

Related Topics

Different Economy Fundamental Group Involvement Policy Politics

Bagwalas

Popular Authors

Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ

Country Creation Global Institution Rule
Development is about transforming the lives of people, not just transforming economies.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

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The U.S. won’t be free of Covid-19 until the world is.
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Letting bygones be bygones is a basic principle in economics.
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When you don’t have equality of opportunity because you don’t have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
JOSEPH STIGLITZ

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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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Society can’t function without shared prosperity.
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Function Prosperity Share Society
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ

Economy Ideology Problem Religion
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ

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I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZ

Debt Discuss Family Grow Up Intense Politics
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

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Loose money and light regulation were a toxic mixture. It exploded.
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Climate change is a reality.
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Amherst is a liberal arts college, committed to providing students with a broad education.
JOSEPH STIGLITZ

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