I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZWhat you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
More Joseph Stiglitz Quotes
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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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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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The U.S. basically wrote the rules and created the institutions of globalisation.
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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 only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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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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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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Multinational corporations must pay their fair share of taxes.
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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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We won’t have an economic recovery until Covid-19 is under control.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Workers’ rights should be a central focus of development.
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It’s expensive to keep 2.3 million people in prison.
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GDP tells you nothing about sustainability.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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Inequality is a choice. It is not inevitable.
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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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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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Development is about transforming the lives of people, not just transforming economies.
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The U.S. won’t be free of Covid-19 until the world is.
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When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ