Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZNationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
More Joseph Stiglitz Quotes
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Climate change is a reality.
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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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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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When markets fail, as they often do, collective action becomes imperative.
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It’s expensive to keep 2.3 million people in prison.
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Multinational corporations must pay their fair share of taxes.
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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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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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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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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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Society can’t function without shared prosperity.
JOSEPH STIGLITZ