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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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 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
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
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
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
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
