The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZPoverty is what we call the extremes at the bottom.
More Joseph Stiglitz Quotes
-
-
Society can’t function without shared prosperity.
JOSEPH STIGLITZ -
It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ -
It is trust, more than money, that makes the world go round.
JOSEPH STIGLITZ -
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ -
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ -
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ -
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ -
The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZ -
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
JOSEPH STIGLITZ -
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ -
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ -
The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ -
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZ -
It’s expensive to keep 2.3 million people in prison.
JOSEPH STIGLITZ -
The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZ