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Economists often like startling theorems, results which seem to run counter to conventional wisdom.

Joseph Stiglitz

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Conventional Counter Economy Result Wisdom

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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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Poverty is what we call the extremes at the bottom.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ

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It’s easy to get rich by getting a state asset at a deep discount.
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Inequality is a choice. It is not inevitable.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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Letting bygones be bygones is a basic principle in economics.
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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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The U.S. won’t be free of Covid-19 until the world is.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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Development is about transforming the lives of people, not just transforming economies.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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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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Multinational corporations must pay their fair share of taxes.
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