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The problem is a lot of what is called economics is not economics. It is more ideology or religion.

Joseph Stiglitz

Related Topics

Economy Ideology Problem Religion

Bagwalas

Popular Authors

Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Amherst is a liberal arts college, committed to providing students with a broad education.
JOSEPH STIGLITZ

Broad College Education Student
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZ

Debt Discuss Family Grow Up Intense Politics
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ

Asset Discount Rich Strategy
But while I loved all of these courses, there was an irresistible attraction of economics.
JOSEPH STIGLITZ

Attraction Economy
Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZ

Mixture Money Toxic
Multinational corporations must pay their fair share of taxes.
JOSEPH STIGLITZ

Business Corporation Pay Tax
The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZ

Money Need Society Spend Wealth
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
Society can’t function without shared prosperity.
JOSEPH STIGLITZ

Function Prosperity Share Society
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ

Control Covid-19 Economy Recover
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ

Fact Fantasy Pleasant

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