The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZEconomists often like startling theorems, results which seem to run counter to conventional wisdom.
More Joseph Stiglitz Quotes
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We won’t have an economic recovery until Covid-19 is under control.
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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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Letting bygones be bygones is a basic principle in economics.
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Loose money and light regulation were a toxic mixture. It exploded.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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It’s easy to get rich by getting a state asset at a deep discount.
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American inequality didn’t just happen. It was created.
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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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I grew up in a family in which political issues were often discussed, and debated intensely.
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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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The U.S. won’t be free of Covid-19 until the world is.
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Inequality is a choice. It is not inevitable.
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Society can’t function without shared prosperity.
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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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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZ