The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZWhen 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.
More Joseph Stiglitz Quotes
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American inequality didn’t just happen. It was created.
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The reason that the invisible hand often seems invisible is that it is often not there.
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We won’t have an economic recovery until Covid-19 is under control.
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The U.S. won’t be free of Covid-19 until the world is.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Loose money and light regulation were a toxic mixture. It exploded.
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Letting bygones be bygones is a basic principle in economics.
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The facts shouldn’t get in the way of a pleasant fantasy.
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Multinational corporations must pay their fair share of taxes.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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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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But while I loved all of these courses, there was an irresistible attraction of economics.
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It is trust, more than money, that makes the world go round.
JOSEPH STIGLITZ