The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZWe won’t have an economic recovery until Covid-19 is under control.
More Joseph Stiglitz Quotes
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The reason that the invisible hand often seems invisible is that it is often not there.
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American inequality didn’t just happen. It was created.
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The facts shouldn’t get in the way of a pleasant fantasy.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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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 only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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GDP tells you nothing about sustainability.
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Poverty is what we call the extremes at the bottom.
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It’s easy to get rich by getting a state asset at a deep discount.
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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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But while I loved all of these courses, there was an irresistible attraction of economics.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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It is trust, more than money, that makes the world go round.
JOSEPH STIGLITZ