The problem is a lot of what is called economics is not economics. It is more ideology or religion. — 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
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
The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems.… — 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… — Joseph Stiglitz Copy Share Image
They [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be… — Joseph Stiglitz Copy Share Image
The problem with NAFTA was with what we wanted. And there, the agenda had been set by our corporations. So what is… — Joseph Stiglitz Copy Share Image
I understand why political leaders in the beginning want to be cheerleaders to generate optimism. But to admit that they didn't understand… — Joseph Stiglitz Copy Share Image
Trump is particularly unfit to serve because he approaches these without any view of what the truth is, and he approaches these… — Joseph Stiglitz Copy Share Image
In fact, for just about 1/6 of the cost of an Iraq War, we could have put the social security system on… — 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… — Joseph Stiglitz Copy Share Image
One of the real costs of the war is that our security is actually less than it otherwise would have been -… — Joseph Stiglitz Copy Share Image
I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro… — Joseph Stiglitz Copy Share Image
I don't think if we had been able to make that choice rationally, we would have said that's what we want to… — Joseph Stiglitz Copy Share Image
The basic thing that made Trump popular is that he blamed others for the problems that we have in the United States.… — 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 [political leaders ] thought the only problem was the banking system, and if they fixed the banking system, all would be fine. But the banking system and the mortgage problem were symptomatic of some deeper problems, and evidently they still haven't recognized those deeper problems.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/4ef/joseph-stiglitz-1351_banking_they-political-leaders-thought-the-only_452687.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)