International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZThe more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
More Joseph Stiglitz Quotes
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Development is about transforming the lives of people, not just transforming economies.
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Multinational corporations must pay their fair share of taxes.
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It’s easy to get rich by getting a state asset at a deep discount.
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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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Letting bygones be bygones is a basic principle in economics.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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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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But while I loved all of these courses, there was an irresistible attraction of economics.
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It’s expensive to keep 2.3 million people in prison.
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GDP tells you nothing about sustainability.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Climate change is a reality.
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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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Loose money and light regulation were a toxic mixture. It exploded.
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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.
JOSEPH STIGLITZ