The problem is a lot of what is called economics is not economics. It is more ideology or religion. — Joseph Stiglitz Copy Share Image
Economists often like startling theorems, results which seem to run counter to conventional wisdom. — Joseph Stiglitz Copy Share Image
The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits. — Joseph Stiglitz Copy Share Image
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism. — Joseph Stiglitz Copy Share Image
An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to… — Joseph Stiglitz Copy Share Image
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let… — Joseph Stiglitz Copy Share Image
As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of… — Joseph Stiglitz Copy Share Image
In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So… — Joseph Stiglitz Copy Share Image
I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate. — Joseph Stiglitz Copy Share Image
A politically astute president who understood deeply the economics and politics of corporate tax reform could conceivably muscle Congress toward a reform… — Joseph Stiglitz Copy Share Image
The momentum today behind the idea of a new global reserve currency reflects, in effect, the rise of the rest in world… — Joseph Stiglitz Copy Share Image
People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand… — Joseph Stiglitz Copy Share Image
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy… — Joseph Stiglitz Copy Share Image
I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro… — Joseph Stiglitz Copy Share Image
I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down… — Joseph Stiglitz Copy Share Image
Negative effects on the economy were covered up with a flood of liquidity from the Fed. That,plus lax regulation, led to a… — Joseph Stiglitz Copy Share Image
Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to… — Joseph Stiglitz Copy Share Image
They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being… — Joseph Stiglitz Copy Share Image
Under Ronald Reagan in the United States and Margaret Thatcher in the U.K., there was a rewriting of the basic rules of… — Joseph Stiglitz Copy Share Image
Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information… — Joseph Stiglitz Copy Share Image
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson,… — Joseph Stiglitz Copy Share Image
Unfettered market American-style capitalism doesn't work. Developing countries can't afford that kind of luxury. They just can't afford it. Period. If there's… — Joseph Stiglitz Copy Share Image
“The same is true for the market economy: the power of markets is enormous, but they have no inherent moral character. We… — Joseph Stiglitz Copy Share Image
I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows… — Joseph Stiglitz Copy Share Image
It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in… — Joseph Stiglitz Copy Share Image
People at the top spend less money than those at the bottom so when you have redistribution toward the top, aggregate demand… — Joseph Stiglitz Copy Share Image
In a globally integrated economy, the biggest challenge is to make sure there is adequate global aggregate demand, achieved through spending, when… — Joseph Stiglitz Copy Share Image
For 60 years, since World War II, we have been trying to create a rules-based system, a global economic system. We understand… — Joseph Stiglitz Copy Share Image
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical… — Joseph Stiglitz Copy Share Image
The analysis in the era of Ronald Reagan and Margaret Thatcher was that government was interfering with the efficiency of the economy… — Joseph Stiglitz Copy Share Image
The diminishing economic role of the United States in the global economy means that global political power will also become more dispersed.… — Joseph Stiglitz Copy Share Image
With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the… — Joseph Stiglitz Copy Share Image
I grew up in a family in which political issues were often discussed, and debated intensely. — Joseph Stiglitz Copy Share
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. — Joseph Stiglitz Copy Share
China, with its large emerging middle class, is among the big beneficiaries of globalization. — Joseph Stiglitz Copy Share
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those… — Joseph Stiglitz Copy Share
Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they… — Joseph Stiglitz Copy Share
It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much… — Joseph Stiglitz Copy Share
In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only… — Joseph Stiglitz Copy Share
The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits. — Joseph Stiglitz Copy Share
As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability -… — Joseph Stiglitz Copy Share
We noted the psychological problems facing many of the returning from Iraq veterans - of the 700,000 returning veterans, more than a 100,000 have… — Joseph Stiglitz Copy Share
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get… — Joseph Stiglitz Copy Share
Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for… — Joseph Stiglitz Copy Share
I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person… — Joseph Stiglitz Copy Share
The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages… — Joseph Stiglitz Copy Share
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/q/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
![“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.” quote by Joseph Stiglitz](https://sms4smile.com/q/img-quotes/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg)
