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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

Joseph Stiglitz

Related Topics

Development Economy Surprise

Bagwalas

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

Society can’t function without shared prosperity.
JOSEPH STIGLITZ

Function Prosperity Share Society
Climate change is a reality.
JOSEPH STIGLITZ

Change Climate One Liner Reality
But while I loved all of these courses, there was an irresistible attraction of economics.
JOSEPH STIGLITZ

Attraction Economy
Poverty is what we call the extremes at the bottom.
JOSEPH STIGLITZ

Bottom Country Extreme Poverty
The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
JOSEPH STIGLITZ

Activity Circular Debt Help Interest Policy Public
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
The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZ

Invisible Reason
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
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.
JOSEPH STIGLITZ

Economy Education Equality Inequality Opportunity
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZ

Different Economy Fundamental Group Involvement Policy Politics
Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ

Choice Inequality Inevitable
Workers’ rights should be a central focus of development.
JOSEPH STIGLITZ

Central Development Focus Rights
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
Amherst is a liberal arts college, committed to providing students with a broad education.
JOSEPH STIGLITZ

Broad College Education Student
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ

Bank Education Focus Infrastructure International Investment Poverty Private Project
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade

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