The U.S. won’t be free of Covid-19 until the world is.
JOSEPH STIGLITZIn developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
More Joseph Stiglitz Quotes
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It’s expensive to keep 2.3 million people in prison.
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GDP tells you nothing about sustainability.
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American inequality didn’t just happen. It was created.
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Letting bygones be bygones is a basic principle in economics.
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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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Development is about transforming the lives of people, not just transforming economies.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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It’s easy to get rich by getting a state asset at a deep discount.
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Society can’t function without shared prosperity.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Loose money and light regulation were a toxic mixture. It exploded.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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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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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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