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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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"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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"Reading doesn't mean accepting everything you read, it means reasoning everything you read."

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"Failure is the school of greatness."

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"Experience is a master teacher, even when it's not our own."

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"[A]t bottom it is the same with traveling as with reading. How often do we complain that we cannot remember one thousandth part of what we read! In both cases, however, we may console ourselves with the reflection that the things we see and read make an impression on the mind before they are forgotten, and so contribute to its formation and nurture."

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"Curiosity killed the cat, but not before teaching her that honey bees are not sweet, tweeting birds are slow to react, mice can serve as both toys and food, big dogs like to snuggle, falling isn't flying, cream drips from lazy cows, water should be avoided at all costs, baths don't require getting wet, kindness and cruelty often fall from the same hand, and engines remain comfortably warm long after the motor dies."

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Akiroq Brost

"Learn to let urgency go. Nothing is urgent. Stress is the product of uncertainty and urgency of life."

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Akiroq Brost

"It is better to buy than burrow books."

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"Trust is needed before lessons can be learnt."

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Akiroq Brost

"People easily become familiar with what you teach them practically than what you tell them verbally. Action fixes images in their minds and they can carry those images for a long period."

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Akiroq Brost

"In scriptures, there is knowledge about the different methods; the knowledge about the goal [to attain Pure Soul] is not there. 'Gnani' has the knowledge about the goal [to attain Pure Soul]. Knowledge about the goal, which is the Soul, is obtained as a result of the 'Gnani's' grace."

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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
"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 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 knew that discrimination existed, even though there were many individuals who were not prejudiced."
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Joseph E. Stiglitz
"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."
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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
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
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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
"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
"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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