A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking. — Joseph Stiglitz Copy Share Image
High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape… — Joseph Stiglitz Copy Share Image
When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens… — 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
Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair… — 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
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
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
It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality,… — Joseph Stiglitz Copy Share Image
European officials thought that austerity was part of what they called their 'convergence policies,' of trying to bring countries together. Instead, it… — Joseph Stiglitz Copy Share Image
Twenty per cent of American children grow up in poverty, and that means they get inadequate nutrition, inadequate health care, and because… — Joseph Stiglitz Copy Share Image
There have always been two theories about inequality. One is that it reflects just deserts. The other is that there are large… — 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
