Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZPoverty is what we call the extremes at the bottom.
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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Poverty is what we call the extremes at the bottom.
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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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Society can’t function without shared prosperity.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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Workers’ rights should be a central focus of development.
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The reason that the invisible hand often seems invisible is that it is often not there.
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GDP tells you nothing about sustainability.
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When markets fail, as they often do, collective action becomes imperative.
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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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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Development is about transforming the lives of people, not just transforming economies.
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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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