When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZInternational lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
More Joseph Stiglitz Quotes
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Multinational corporations must pay their fair share of taxes.
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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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Letting bygones be bygones is a basic principle in economics.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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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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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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The reason that the invisible hand often seems invisible is that it is often not there.
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It’s easy to get rich by getting a state asset at a deep discount.
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Inequality is a choice. It is not inevitable.
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Poverty is what we call the extremes at the bottom.
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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 problem is a lot of what is called economics is not economics. It is more ideology or religion.
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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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