Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZDevelopment is about transforming the lives of people, not just transforming economies.
More Joseph Stiglitz Quotes
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Society can’t function without shared prosperity.
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The U.S. won’t be free of Covid-19 until the world is.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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The U.S. basically wrote the rules and created the institutions of globalisation.
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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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Climate change is a reality.
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It’s expensive to keep 2.3 million people in prison.
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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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It is trust, more than money, that makes the world go round.
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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.
JOSEPH STIGLITZ