In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So… — Joseph Stiglitz Copy Share Image
I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that… — Joseph Stiglitz Copy Share Image
The roots of the crisis in East Asia were in private sector decisions. The biggest problems were the misallocation of investment, most… — Joseph Stiglitz Copy Share Image
There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications;… — Joseph Stiglitz Copy Share Image
Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings… — Joseph Stiglitz Copy Share Image
When you have a highly divided society, it's hard to come together to make investments in the common good. — Joseph Stiglitz Copy Share Image
Capital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital… — Joseph Stiglitz Copy Share Image
They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being… — 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
The IMF is a more complicated issue. I think there is a broad sentiment among both the left and the right that… — Joseph Stiglitz Copy Share Image
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did… — Joseph Stiglitz Copy Share Image
Put yourself in the shoes of one of these oligarchs who has been given a gift of $10 billion. Russia is in… — Joseph Stiglitz Copy Share Image
When markets fail, as they often do, collective action becomes imperative. — 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
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
“The same is true for the market economy: the power of markets is enormous, but they have no inherent moral character. We… — Joseph Stiglitz Copy Share Image
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical… — Joseph Stiglitz Copy Share Image
The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no… — Joseph Stiglitz Copy Share Image
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief. — 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
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