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
Health care is very different from other sectors of the economy in several respects, one of which is the fact that the… — 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
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to… — Joseph Stiglitz Copy Share Image
America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets… — Joseph Stiglitz Copy Share Image
Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis. — Joseph Stiglitz Copy Share Image
The only people benefiting in Iraq war are George Bush's Jr. friends in the oil industry. He has done the American economy… — 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
The crisis was 2008, in 2015 - almost eight years later and the gap between where we would have been and where… — Joseph Stiglitz Copy Share Image
The roots of the crisis in East Asia were in private sector decisions. The biggest problems were the misallocation of investment, most… — 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
The country that's been most successful at that is Norway. The more typical countries are those in the Middle East where a… — Joseph Stiglitz Copy Share Image
There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one… — Joseph Stiglitz Copy Share Image
The median family income in the U.S. is lower than it was a quarter-century ago, and if people don't have income, they… — 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
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
Our economy has not served large fractions of our population. Trump grasped that. And rather than saying, "What have we not done… — 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
There was a hope then by some people that what we call trickle-down economics would work. That if you made the economy… — 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
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)
