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Amherst is a liberal arts college, committed to providing students with a broad education.

Joseph Stiglitz

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZ

Money Need Society Spend Wealth
GDP tells you nothing about sustainability.
JOSEPH STIGLITZ

Economy GDP Sustain
American inequality didn’t just happen. It was created.
JOSEPH STIGLITZ

Country Creation Happen Inequality
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ

Development Economy Surprise
The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ

Fact Fantasy Pleasant
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

Conventional Counter Economy Result Wisdom
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ

Bank Education Focus Infrastructure International Investment Poverty Private Project
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

Ambition Change Climate Existence Nuclear Planet
Society can’t function without shared prosperity.
JOSEPH STIGLITZ

Function Prosperity Share Society
The U.S. won’t be free of Covid-19 until the world is.
JOSEPH STIGLITZ

Country Covid-19 World
The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ

Country Creation Global Institution Rule
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
Development is about transforming the lives of people, not just transforming economies.
JOSEPH STIGLITZ

Development Economy Live People Transformation

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