Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZDevelopment is about transforming the lives of people, not just transforming economies.
More Joseph Stiglitz Quotes
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It’s easy to get rich by getting a state asset at a deep discount.
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Letting bygones be bygones is a basic principle in economics.
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Loose money and light regulation were a toxic mixture. It exploded.
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Ask not what your country can do for you, ask what you can do for your country.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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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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The facts shouldn’t get in the way of a pleasant fantasy.
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It is trust, more than money, that makes the world go round.
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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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Society can’t function without shared prosperity.
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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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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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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