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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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"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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"Employment is the biggest form of slavery."

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"The economic base of a nation, is the foundation of the it's secrets."

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"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

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"A farmer is a magician who produces money from the mud."

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"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

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"In capitalist nation, all is decided by money."

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"Not every single broke and unemployed person needs a job, some need customers."

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"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

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"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

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"India is one of the world economy's brightest spots. We have low inflation, a low balance of payments current account deficit, and a high rate of growth. This is the result of good policy, not good fortune."

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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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Joseph E. Stiglitz
"Amherst is a liberal arts college, committed to providing students with a broad education."

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Joseph E. Stiglitz
"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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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
"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?"

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Joseph E. Stiglitz
"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."

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Joseph E. Stiglitz
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."

Policy

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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
"I grew up in a family in which political issues were often discussed, and debated intensely."

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Joseph E. Stiglitz
"I knew that discrimination existed, even though there were many individuals who were not prejudiced."

Awareness

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