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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
"True wisdom often comes from the experience of failure-not from success."
"It is by a mathematical point only that we are wise, as the sailor or fugitive slave keeps the polestar in his eye; but that is sufficient guidance for all our life. We may not arrive at our port within a calculable period, but we would preserve the true course."
"The intelligent are candles, the virtuous are torches, the wise are lamps, and the enlightened are stars."
"Wisdom is not in intelligence but in simplicity."
"Ignorance is your opponent, fear is your enemy, vice is your adversary, virtue is your friend, and wisdom is your helper."
"Sometimes only when opportunity stops banging to be let in do we notice its absence!"
Explore more quotes by Joseph E. Stiglitz
"I grew up in a family in which political issues were often discussed, and debated intensely."
"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."
"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."
"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."
"I knew that discrimination existed, even though there were many individuals who were not prejudiced."
"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."
"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."
"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?"
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
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