“To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds to society. The latter typically subtracts from it, for in the process of taking it away,… — Joseph E. Stiglitz Copy Share Image
“In some circumstances, a focus on extrinsic rewards (money) can actually diminish effort. Most (or at least many) teachers enter their profession not because of the money but because of their love for children and their dedication to teaching. The… — Joseph E. Stiglitz Copy Share Image
“Americans all benefit from the physical and institutional infrastructure that has developed from the country’s collective efforts over generations.” — Joseph E. Stiglitz Copy Share Image
“Democracy, we now know, is more than periodic elections in some countries, such elections have been used to legitimize essentially authoritarian regimes and deprive… — Joseph E. Stiglitz Copy Share Image
“The U.S. incarceration rate is the world’s highest and some nine to ten times that of many European countries. Almost 1 in 100 American… — Joseph E. Stiglitz Copy Share Image
“To put it baldly, there are two ways to become wealthy: to create wealth or to take wealth away from others. The former adds… — Joseph E. Stiglitz Copy Share Image
“Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are… — Joseph E. Stiglitz Copy Share Image
“There are two visions of America a half century from now. One is of a society more divided between the haves and the have-nots,… — Joseph E. Stiglitz Copy Share Image
“Globalization is the field on which some of our major societal conflicts—including those over basic values—play out. Among the most important of those conflicts… — Joseph E. Stiglitz Copy Share Image
“Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for schoolchildren, and free… — Joseph E. Stiglitz Copy Share Image
“I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the… — Joseph E. Stiglitz Copy Share Image
“...decisions were often made because of ideology and politics. As a result many wrong-headed actions were taken, ones that did not solve the problem… — Joseph E. Stiglitz Copy Share Image
“Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it… — Joseph E. Stiglitz Copy Share Image
![“I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes…” quote by Joseph E. Stiglitz](https://sms4smile.com/quotes/img-quotes/a77/joseph-e-stiglitz-33743_developing-countries_i-became-convinced-that-the-advanced-ind_1888119.jpg)
