Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZWorkers’ rights should be a central focus of development.
More Joseph Stiglitz Quotes
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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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 expensive to keep 2.3 million people in prison.
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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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Poverty is what we call the extremes at the bottom.
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GDP tells you nothing about sustainability.
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Society can’t function without shared prosperity.
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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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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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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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The facts shouldn’t get in the way of a pleasant fantasy.
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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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Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ