Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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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Ask not what your country can do for you, ask what you can do for your country.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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The U.S. won’t be free of Covid-19 until the world is.
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American inequality didn’t just happen. It was created.
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It’s expensive to keep 2.3 million people in prison.
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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.
JOSEPH STIGLITZ -
Development is about transforming the lives of people, not just transforming economies.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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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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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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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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Multinational corporations must pay their fair share of taxes.
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Workers’ rights should be a central focus of development.
JOSEPH STIGLITZ