Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZClimate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
More Joseph Stiglitz Quotes
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Multinational corporations must pay their fair share of taxes.
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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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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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The facts shouldn’t get in the way of a pleasant fantasy.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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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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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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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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Poverty is what we call the extremes at the bottom.
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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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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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GDP tells you nothing about sustainability.
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Workers’ rights should be a central focus of development.
JOSEPH STIGLITZ