Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZGDP tells you nothing about sustainability.
More Joseph Stiglitz Quotes
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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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GDP tells you nothing about sustainability.
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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 facts shouldn’t get in the way of a pleasant fantasy.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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Society can’t function without shared prosperity.
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Multinational corporations must pay their fair share of taxes.
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Loose money and light regulation were a toxic mixture. It exploded.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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When markets fail, as they often do, collective action becomes imperative.
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Letting bygones be bygones is a basic principle in economics.
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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.
JOSEPH STIGLITZ