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The reason that the invisible hand often seems invisible is that it is often not there.

Joseph Stiglitz

Related Topics

Invisible Reason

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

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
It’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZ

Expensive People Prison
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
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

Ask Effective Help President Refuse
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
GDP tells you nothing about sustainability.
JOSEPH STIGLITZ

Economy GDP Sustain
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ

Economy Ideology Problem Religion
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
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZ

Ambition Change Climate Existence Nuclear Planet
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
Poverty is what we call the extremes at the bottom.
JOSEPH STIGLITZ

Bottom Country Extreme Poverty
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
JOSEPH STIGLITZ

Affect Measure Right
Multinational corporations must pay their fair share of taxes.
JOSEPH STIGLITZ

Business Corporation Pay Tax

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