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
When markets fail, as they often do, collective action becomes imperative. — 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
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
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
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
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
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
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
“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
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
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 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
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
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
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
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
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
![“They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg)
![“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)