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
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
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
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
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
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
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
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
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 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)