In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZEconomists often like startling theorems, results which seem to run counter to conventional wisdom.
More Joseph Stiglitz Quotes
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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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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I grew up in a family in which political issues were often discussed, and debated intensely.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ -
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ -
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ -
It’s easy to get rich by getting a state asset at a deep discount.
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Society can’t function without shared prosperity.
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Development is about transforming the lives of people, not just transforming economies.
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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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It’s expensive to keep 2.3 million people in prison.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Poverty is what we call the extremes at the bottom.
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American inequality didn’t just happen. It was created.
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Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ