Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZSociety can’t function without shared prosperity.
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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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Development is about transforming the lives of people, not just transforming economies.
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When markets fail, as they often do, collective action becomes imperative.
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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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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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It is trust, more than money, that makes the world go round.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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Society can’t function without shared prosperity.
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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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The U.S. won’t be free of Covid-19 until the world is.
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Climate change is a reality.
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The facts shouldn’t get in the way of a pleasant fantasy.
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