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
You saw on your TV what happened in New Orleans after Hurricane Katrina. The Reserves or National Guard are usually the people… — 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
Any society has to delegate the responsibility to maintain a certain kind of order. Enforcing regulations, making sure people stop at stoplights.… — Joseph Stiglitz Copy Share Image
The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an… — Joseph Stiglitz Copy Share Image
I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the… — Joseph Stiglitz Copy Share Image
We could have saved Wall Street without putting our future in jeopardy. I predicted that there would be all-around consequences - in… — Joseph Stiglitz Copy Share Image
We could, of course, always make the payments, simply by printing more money - we simply promise to pay people by giving… — Joseph Stiglitz Copy Share Image
The powershift began already several years ago, under the Bush administration, when the dollar became very volatile and started declining. That is… — Joseph Stiglitz Copy Share Image
In the early 1990s, there was a debate among economists over shock therapy versus a gradualism strategy for Russia. The people in… — Joseph Stiglitz Copy Share Image
Governments can enhance growth by increasing inclusiveness. A country's most valuable resource is its people. So it is essential to ensure that… — 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
Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when… — Joseph Stiglitz Copy Share Image
Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial… — 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
We are helping the people that [George W.]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from… — Joseph Stiglitz Copy Share Image
The grand larceny that occurred in Russia, the corruption that resulted in nine or ten people getting enormous wealth through loans-for-shares, was… — Joseph Stiglitz Copy Share Image
When Donald Trump campaigned for president, he told the American people that he would be a different type of Republican, that he… — Joseph Stiglitz Copy Share Image
There is a growing consensus that the European systems have worked better than the American: They have been able to deliver better… — Joseph Stiglitz Copy Share Image
Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs,… — Joseph Stiglitz Copy Share Image
I'm enough of a political junkie to know if you have large numbers of people much worse off, you're going to have… — 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
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in… — 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
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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