Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZBut while I loved all of these courses, there was an irresistible attraction of economics.
More Joseph Stiglitz Quotes
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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.
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The facts shouldn’t get in the way of a pleasant fantasy.
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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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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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Loose money and light regulation were a toxic mixture. It exploded.
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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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Poverty is what we call the extremes at the bottom.
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GDP tells you nothing about sustainability.
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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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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Development is about transforming the lives of people, not just transforming economies.
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We won’t have an economic recovery until Covid-19 is under control.
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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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Inequality is a choice. It is not inevitable.
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It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ