Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZMacroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
More Joseph Stiglitz Quotes
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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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When markets fail, as they often do, collective action becomes imperative.
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The U.S. won’t be free of Covid-19 until the world is.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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We won’t have an economic recovery until Covid-19 is under control.
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Letting bygones be bygones is a basic principle in economics.
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Development is about transforming the lives of people, not just transforming economies.
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The facts shouldn’t get in the way of a pleasant fantasy.
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Workers’ rights should be a central focus of development.
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The reason that the invisible hand often seems invisible is that it is often not there.
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It is trust, more than money, that makes the world go round.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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GDP tells you nothing about sustainability.
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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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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZ






