In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZIf the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
More Joseph Stiglitz Quotes
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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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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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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American inequality didn’t just happen. It was created.
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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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When markets fail, as they often do, collective action becomes imperative.
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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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Loose money and light regulation were a toxic mixture. It exploded.
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Climate change is a reality.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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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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Workers’ rights should be a central focus of development.
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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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The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ