Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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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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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Workers’ rights should be a central focus of development.
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When markets fail, as they often do, collective action becomes imperative.
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American inequality didn’t just happen. It was created.
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Society can’t function without shared prosperity.
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GDP tells you nothing about sustainability.
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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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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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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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We won’t have an economic recovery until Covid-19 is under control.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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The U.S. won’t be free of Covid-19 until the world is.
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But while I loved all of these courses, there was an irresistible attraction of economics.
JOSEPH STIGLITZ






