The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZLetting bygones be bygones is a basic principle in economics.
More Joseph Stiglitz Quotes
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The facts shouldn’t get in the way of a pleasant fantasy.
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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.
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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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Multinational corporations must pay their fair share of taxes.
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But while I loved all of these courses, there was an irresistible attraction of economics.
JOSEPH STIGLITZ -
Letting bygones be bygones is a basic principle in economics.
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GDP tells you nothing about sustainability.
JOSEPH STIGLITZ -
The reason that the invisible hand often seems invisible is that it is often not there.
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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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Poverty is what we call the extremes at the bottom.
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It is trust, more than money, that makes the world go round.
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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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Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZ






