Joseph Stiglitz Quotes

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Joseph Stiglitz

Profession : Economist

Birth : February 9, 1943

People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens.

Joseph Stiglitz

What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.

Joseph Stiglitz

Americans like to say we're fighting for democracy, and yet young Americans have come to the view that democracy doesn't deliver.

Joseph Stiglitz

What's going to happen is that there will be a definite consensus that Europe is not working. The diagnosis will be to shed the currency and keep the rest, or that Europe is not working and a broader rejection - like in the U.K.

Joseph Stiglitz

I'm enough of a political junkie to know if you have large numbers of people much worse off, you're going to have consequences.

Joseph Stiglitz

I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and technology policy. But a lot of the people were lawyers. They like winning an argument, but science-based, evidence-based reasoning was just sort of not in their framework.

Joseph Stiglitz

The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector.

Joseph Stiglitz

While it was an experiment to bring them together, nothing has divided Europe as much as the euro.

Joseph Stiglitz

When you're in government, you have a big impact in Washington, but Washington may not be doing very much.

Joseph Stiglitz

With my kids, I'm a little sappier than my father may have been.

Joseph Stiglitz

If I came home with a grade of A, my father would say, 'There must have been a lot of dummies in that class.'

Joseph Stiglitz

To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of what they wanted. The problem was with what they wanted. Their agenda was set, behind closed doors, by corporations.

Joseph Stiglitz

Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.

Joseph Stiglitz

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

Joseph Stiglitz

The IP standards advanced countries favour typically are designed not to maximise innovation and scientific progress, but to maximise the profits of big pharmaceutical companies and others able to sway trade negotiations.

Joseph Stiglitz

Tax policy should reflect a country's values and address its problems.

Joseph Stiglitz

In addition to offering benefits to those who invest, carry out research, and create jobs, higher taxes on land and real-estate speculation would redirect capital toward productivity-enhancing spending - the key to long-term improvement in living standards.

Joseph Stiglitz

Trump assumed office promising to 'drain the swamp' in Washington, D.C. Instead, the swamp has grown wider and deeper.

Joseph Stiglitz

When markets fail, as they often do, collective action becomes imperative.

Joseph Stiglitz

America and the world are paying a high price for devotion to the extreme anti-government ideology embraced by Donald Trump and his Republican party.

Joseph Stiglitz