Climate change is a reality.
JOSEPH STIGLITZDevelopment is about transforming the lives of people, not just transforming economies.
More Joseph Stiglitz Quotes
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The reason that the invisible hand often seems invisible is that it is often not there.
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Poverty is what we call the extremes at the bottom.
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Multinational corporations must pay their fair share of taxes.
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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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GDP tells you nothing about sustainability.
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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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The U.S. basically wrote the rules and created the institutions of globalisation.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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When markets fail, as they often do, collective action becomes imperative.
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It is trust, more than money, that makes the world go round.
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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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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Development is about transforming the lives of people, not just transforming economies.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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American inequality didn’t just happen. It was created.
JOSEPH STIGLITZ