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

Joseph Stiglitz

Related Topics

Conventional Counter Economy Result Wisdom

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ

Bankrupt Capital Essential Investment
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZ

Behavior Debt Government Market Private
I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZ

Debt Discuss Family Grow Up Intense Politics
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ

Economy Ideology Problem Religion
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ

Development Economy Surprise
The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ

Fact Fantasy Pleasant
The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
JOSEPH STIGLITZ

Activity Circular Debt Help Interest Policy Public
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
JOSEPH STIGLITZ

Affect Measure Right
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
Workers’ rights should be a central focus of development.
JOSEPH STIGLITZ

Central Development Focus Rights
Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZ

Mixture Money Toxic
Amherst is a liberal arts college, committed to providing students with a broad education.
JOSEPH STIGLITZ

Broad College Education Student
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

Ask Effective Help President Refuse
Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZ

Ambition Change Climate Existence Nuclear Planet
Climate change is a reality.
JOSEPH STIGLITZ

Change Climate One Liner Reality
Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ

Choice Inequality Inevitable
It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ

Asset Discount Rich Strategy
The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZ

Invisible Reason
American inequality didn’t just happen. It was created.
JOSEPH STIGLITZ

Country Creation Happen Inequality
It’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZ

Expensive People Prison
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ

Bitcoin Lack Oversight Potential Success
The U.S. won’t be free of Covid-19 until the world is.
JOSEPH STIGLITZ

Country Covid-19 World
The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ

Country Creation Global Institution Rule
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ

Control Covid-19 Economy Recover
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
Development is about transforming the lives of people, not just transforming economies.
JOSEPH STIGLITZ

Development Economy Live People Transformation

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