The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZThe reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZClimate change is a reality.
JOSEPH STIGLITZNationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZWe won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZWorkers’ rights should be a central focus of development.
JOSEPH STIGLITZAnybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZPoverty is what we call the extremes at the bottom.
JOSEPH STIGLITZInternational lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZThe problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZLetting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZGDP tells you nothing about sustainability.
JOSEPH STIGLITZDevelopment is about transforming the lives of people, not just transforming economies.
JOSEPH STIGLITZAmerican inequality didn’t just happen. It was created.
JOSEPH STIGLITZIf the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZThe U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZLoose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZ