Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure… — 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
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile… — 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 only surprise about the economic crisis of 2008 was that it came as a surprise to so many. — 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
There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before… — Joseph Stiglitz Copy Share Image
Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost… — Joseph Stiglitz Copy Share Image
There is a broad consensus, not only in the United States but in most of the world, that if you are in… — 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 Clinton years were not an economic Nirvana; as chairman of the president's Council of Economic Advisers during part of this time,… — 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
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile… — Joseph Stiglitz Copy Share Image
The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them… — 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
