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
In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in… — Joseph Stiglitz Copy Share Image
When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists… — Joseph Stiglitz Copy Share Image
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. — 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
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
![“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)
