The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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It’s easy to get rich by getting a state asset at a deep discount.
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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 U.S. basically wrote the rules and created the institutions of globalisation.
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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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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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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Loose money and light regulation were a toxic mixture. It exploded.
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The facts shouldn’t get in the way of a pleasant fantasy.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
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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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Development is about transforming the lives of people, not just transforming economies.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ