Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZPoverty is what we call the extremes at the bottom.
More Joseph Stiglitz Quotes
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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Letting bygones be bygones is a basic principle in economics.
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American inequality didn’t just happen. It was created.
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The U.S. won’t be free of Covid-19 until the world is.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Poverty is what we call the extremes at the bottom.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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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.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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Society can’t function without shared prosperity.
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Development is about transforming the lives of people, not just transforming economies.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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The facts shouldn’t get in the way of a pleasant fantasy.
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Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ