American inequality didn’t just happen. It was created.
JOSEPH STIGLITZWhat you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
More Joseph Stiglitz Quotes
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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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 reason that the invisible hand often seems invisible is that it is often not there.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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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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Climate change is a reality.
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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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Poverty is what we call the extremes at the bottom.
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GDP tells you nothing about sustainability.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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It is trust, more than money, that makes the world go round.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Multinational corporations must pay their fair share of taxes.
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Loose money and light regulation were a toxic mixture. It exploded.
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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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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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Letting bygones be bygones is a basic principle in economics.
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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’s expensive to keep 2.3 million people in prison.
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It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ