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Joseph E. Stiglitz

"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."

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"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."

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"It wasn't science and technology that cause a slow progress, but collective knowledge of the society and market demands."

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Joseph E. Stiglitz
"I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are."
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Joseph E. Stiglitz
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
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Joseph E. Stiglitz
"Amherst is a liberal arts college, committed to providing students with a broad education."
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Joseph E. Stiglitz
"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."
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Joseph E. Stiglitz
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
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Joseph E. Stiglitz
"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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Joseph E. Stiglitz
"I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard."
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Joseph E. Stiglitz
"I knew that discrimination existed, even though there were many individuals who were not prejudiced."
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Joseph E. Stiglitz
"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."
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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."
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