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"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
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Exlpore more Wisdom quotes
"When you abbreviate your learning, you abbreviate your growth. Expand your knowledge and you keep growing taller and fatter than your limitations."
"Knowledge is the path, understanding is the way, wisdom is the highway, and enlightenment is the destination."
"What one thinks is right is not always the same as what others think is right, no one can be always right."
"To know if someone can speak offensively or politely, don't give him poem to recite; don't give him a song to sing. Just engage him in an argument and you will know it for yourself who he is."
"Wisdom is the result of time well spent."
"Where there are two on point of independently distinguished purposes, you will find one infinite journey whose path is blazed with the guiding light of wisdom."
"Our experience is coloured through and through by books and plays and the cinema, and it takes patience and skill to disentangle the things we have really learned from life for ourselves."
"A 'biomass' man is not deeply analyzing things to draw a meaningful conclusions."
Explore more quotes by Joseph E. 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."
"Amherst is a liberal arts college, committed to providing students with a broad education."
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
"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."
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
"In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues."
"I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life."
"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."
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