Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZWe won’t have an economic recovery until Covid-19 is under control.
More Joseph Stiglitz Quotes
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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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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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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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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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Inequality is a choice. It is not inevitable.
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The reason that the invisible hand often seems invisible is that it is often not there.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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The U.S. won’t be free of Covid-19 until the world is.
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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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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Development is about transforming the lives of people, not just transforming economies.
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Climate change is a reality.
JOSEPH STIGLITZ






