The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZI grew up in a family in which political issues were often discussed, and debated intensely.
More Joseph Stiglitz Quotes
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Workers’ rights should be a central focus of development.
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Poverty is what we call the extremes at the bottom.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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When markets fail, as they often do, collective action becomes imperative.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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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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Letting bygones be bygones is a basic principle in economics.
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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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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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It’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZ