Joseph Stiglitz Quotes

43 quotes in 794 categories

• Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing…
• Amherst is a liberal arts college, committed to providing students with a broad education.
• As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the…
• But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.
• I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps…
• I knew that discrimination existed, even though there were many individuals who were not prejudiced.
• I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do…
• International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.
• The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is…
• The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money…
• GDP tells you nothing about sustainability
• American inequality didn't just happen. It was created.
• Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with…
• In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there…
• Governments can enhance growth by increasing inclusiveness. A country's most valuable resource is its people. So it is essential to ensure that everyone can live…
• The protesters have called into question whether there is a real democracy. Real democracy is more than the right to vote once every two or…
• It is trust, more than money, that makes the world go round.
• The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
• Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
• Any society has to delegate the responsibility to maintain a certain kind of order. Enforcing regulations, making sure people stop at stoplights. We can't function…

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