Tag Archives: Joseph Stiglitz

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. Joseph Stiglitz

The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster. Joseph Stiglitz

One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits. Joseph Stiglitz

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

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

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

Trump has been criticized by mainstream Republicans for not really being one of them. But he is definitely one of them when it comes to the central palliative for any ill befalling the country: a tax cut for the rich. Joseph Stiglitz

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

European officials thought that austerity was part of what they called their 'convergence policies,' of trying to bring countries together. Instead, it actually made things worse. There's more inequality within countries and more disparity across countries. Joseph Stiglitz