I'm writing from New Zealand - a country that decided from the beginning that the War was wrong, and chose not to… — Joseph Stiglitz Copy Share Image
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs. — Joseph Stiglitz Copy Share Image
Having excessive power in the hands of one country meant the fate of the world was too dependent on what happened in… — Joseph Stiglitz Copy Share Image
Tax policy should reflect a country's values and address its problems. — 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
No one would look just at a firm's revenues to assess how well it was doing. Far more relevant is the balance… — Joseph Stiglitz Copy Share Image
If manufacturing jobs do come back to the U.S., they will be done by robots in hi-tech parts of the country rather… — Joseph Stiglitz Copy Share Image
The life prospects of an American are more dependent on the income and education of his parents than in any of the… — Joseph Stiglitz Copy Share Image
The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems.… — Joseph Stiglitz Copy Share Image
As a rich country, we can, in some sense, "afford" the war. But spending money on the war means that we are… — Joseph Stiglitz Copy Share Image
Governments can enhance growth by increasing inclusiveness. A country's most valuable resource is its people. So it is essential to ensure that… — Joseph Stiglitz Copy Share Image
Ensuring preschool education for all and investing more in public schools is essential if the U.S. is to avoid becoming a neo-feudal… — Joseph Stiglitz Copy Share Image
Trump has been criticized by mainstream Republicans for not really being one of them. But he is definitely one of them when… — Joseph Stiglitz Copy Share Image
The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is… — Joseph Stiglitz Copy Share Image
The problem with NAFTA was with what we wanted. And there, the agenda had been set by our corporations. So what is… — Joseph Stiglitz Copy Share Image
What Trump has announced - that he is going to not obey rules by which we govern our relations with other countries.… — 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
Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central… — Joseph Stiglitz Copy Share Image
The decision-making process in the White House does not let most issues get up to the President. The Council thought opening up… — Joseph Stiglitz Copy Share Image
When Donald Trump campaigned for president, he told the American people that he would be a different type of Republican, that he… — 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
If you're injured in an automobile accident, and you sue the driver, you get much more for your injury than if you're… — Joseph Stiglitz Copy Share Image
It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus… — Joseph Stiglitz Copy Share Image
In the midst of the East Asian crisis, there were choices. One choice would have been to encourage countries to implement a… — Joseph Stiglitz Copy Share Image
Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs,… — Joseph Stiglitz Copy Share Image
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If… — Joseph Stiglitz Copy Share Image
Countries were told they had no incentives because of social ownership. The solution was privatization and profit, profit, profit. Privatization would replace… — 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
The international institutions go around the world preaching liberalization, and the developing countries see that means open up your markets to our… — 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
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
Fortunately, America remains a robust democracy, where most individuals are not afraid to speak out. What we have done in Iraq has,… — 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 Image
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 Image
China, with its large emerging middle class, is among the big beneficiaries of globalization. — 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 alone those… — 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 that they… — 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 so much… — 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 not only… — 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
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 Image
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 Image
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 Image
![“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/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)