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"My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth."
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"The only way to change the world is to quit thinking it's a job for Superman. Real power lies in your own hands."
"If the tranquillity is killing you, seek for the storm to save your life!"
"The lowest ebb is the turn of the tide."
"Like birds leaving the dangerous places man must also leave his dangerous ideas!"
"The fate of every unusual thing is to be a usual thing quickly!"
Explore more quotes by Joseph E. Stiglitz
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
"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."
"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."
"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 every day observation."
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
"I grew up in a family in which political issues were often discussed, and debated intensely."
"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."
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
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