Joseph Stiglitz Quotes

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Joseph Stiglitz

Profession : Economist

Birth : February 9, 1943

I grew up in a family in which political issues were often discussed, and debated intensely.

Joseph Stiglitz

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

Joseph Stiglitz

Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.

Joseph Stiglitz

What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.

Joseph Stiglitz

Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.

Joseph Stiglitz

The U.S. basically wrote the rules and created the institutions of globalisation.

Joseph Stiglitz

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 a far cry from the specialized education that most students today receive, particularly in the research universities.

Joseph Stiglitz

High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.

Joseph Stiglitz

To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.

Joseph Stiglitz

Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.

Joseph Stiglitz

Society can't function without shared prosperity.

Joseph Stiglitz

The diversity of Europe is its strength. But for a single currency to work, over a region with enormous economic and political diversity, is not easy.

Joseph Stiglitz

With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity.

Joseph Stiglitz

Too many countries of the former Soviet bloc remain under the control of authoritarian leaders, including some, like the Russian president, Vladimir Putin, who have learned how to maintain a more convincing facade of elections than their communist predecessors.

Joseph Stiglitz

There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.

Joseph Stiglitz

There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof.

Joseph Stiglitz

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.

Joseph Stiglitz

When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.

Joseph Stiglitz

It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.

Joseph Stiglitz

Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.

Joseph Stiglitz