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GDP tells you nothing about sustainability.

Joseph Stiglitz

Related Topics

Economy GDP Sustain

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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ

Development Economy Surprise
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
Multinational corporations must pay their fair share of taxes.
JOSEPH STIGLITZ

Business Corporation Pay Tax
Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZ

Ambition Change Climate Existence Nuclear Planet
The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ

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

Different Economy Fundamental Group Involvement Policy Politics
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
It is trust, more than money, that makes the world go round.
JOSEPH STIGLITZ

Inspirational Money Round Trust World
The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
JOSEPH STIGLITZ

Activity Circular Debt Help Interest Policy Public
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
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

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

Bank Education Focus Infrastructure International Investment Poverty Private Project
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade
The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ

Country Creation Global Institution Rule
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
If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZ

Ask Effective Help President Refuse

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