The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZBut while I loved all of these courses, there was an irresistible attraction of economics.
More Joseph Stiglitz Quotes
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Climate change is a reality.
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It is trust, more than money, that makes the world go round.
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Multinational corporations must pay their fair share of taxes.
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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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But while I loved all of these courses, there was an irresistible attraction of economics.
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When markets fail, as they often do, collective action becomes imperative.
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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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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Loose money and light regulation were a toxic mixture. It exploded.
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Poverty is what we call the extremes at the bottom.
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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.
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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 I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Workers’ rights should be a central focus of development.
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