The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZThe reason that the invisible hand often seems invisible is that it is often not there.
More Joseph Stiglitz Quotes
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We won’t have an economic recovery until Covid-19 is under control.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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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.
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The reason that the invisible hand often seems invisible is that it is often not there.
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American inequality didn’t just happen. It was created.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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The facts shouldn’t get in the way of a pleasant fantasy.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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Workers’ rights should be a central focus of development.
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Development is about transforming the lives of people, not just transforming economies.
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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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Society can’t function without shared prosperity.
JOSEPH STIGLITZ