Joseph Stiglitz Quotes

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Joseph Stiglitz

Profession : Economist

Birth : February 9, 1943

After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better.

Joseph Stiglitz

One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey.

Joseph Stiglitz

A politically astute president who understood deeply the economics and politics of corporate tax reform could conceivably muscle Congress toward a reform package that made sense. Trump is not that leader.

Joseph Stiglitz

It is always better to tax bad things than good things.

Joseph Stiglitz

By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage.

Joseph Stiglitz

America under Trump has gone from being a world leader to an object of derision.

Joseph Stiglitz

Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea's nuclear ambitions.

Joseph Stiglitz

Under Ronald Reagan in the United States and Margaret Thatcher in the U.K., there was a rewriting of the basic rules of capitalism. These two governments changed the rules governing labour bargaining, weakening trade unions, and they weakened anti-trust enforcement, allowing more monopolies to be created.

Joseph Stiglitz

In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times.

Joseph Stiglitz

There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications; there is investment in education; there is investment in families, particularly putting measures in place that free women from having to make the choice between raising a family and work.

Joseph Stiglitz

Donald Trump's astonishing victory in the U.S. presidential election has made one thing abundantly clear: too many Americans - particularly white male Americans - feel left behind.

Joseph Stiglitz

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

Joseph Stiglitz

Ensuring preschool education for all and investing more in public schools is essential if the U.S. is to avoid becoming a neo-feudal country where advantages and disadvantages are passed on from one generation to the next.

Joseph Stiglitz

If Trump actually wants to help those who have been left behind, he must go beyond the ideological battles of the past.

Joseph Stiglitz

Growth is not an objective in itself; we should be concerned with standards of living.

Joseph Stiglitz

Letting bygones be bygones is a basic principle in economics.

Joseph Stiglitz

Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend.

Joseph Stiglitz

America will suffer under Trump.

Joseph Stiglitz

We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.

Joseph Stiglitz

Europe can't rely on a Trump-led U.S. for its defence. But, at the same time, it should recognise that the cold war is over - however unwilling to acknowledge it America's industrial-military complex may be.

Joseph Stiglitz