Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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 is trust, more than money, that makes the world go round.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Ask not what your country can do for you, ask what you can do for your country.
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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 U.S. basically wrote the rules and created the institutions of globalisation.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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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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Society can’t function without shared prosperity.
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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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GDP tells you nothing about sustainability.
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Loose money and light regulation were a toxic mixture. It exploded.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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Letting bygones be bygones is a basic principle in economics.
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It’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZ