American inequality didn’t just happen. It was created.
JOSEPH STIGLITZWhen I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
More Joseph Stiglitz Quotes
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Workers’ rights should be a central focus of development.
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Loose money and light regulation were a toxic mixture. It exploded.
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Letting bygones be bygones is a basic principle in economics.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
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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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GDP tells you nothing about sustainability.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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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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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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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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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZ