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.
JOSEPH STIGLITZInequality is a choice. It is not inevitable.
More Joseph Stiglitz Quotes
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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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Ask not what your country can do for you, ask what you can do for your country.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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When markets fail, as they often do, collective action becomes imperative.
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Poverty is what we call the extremes at the bottom.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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Climate change is a reality.
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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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The facts shouldn’t get in the way of a pleasant fantasy.
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We won’t have an economic recovery until Covid-19 is under control.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZ