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"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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"Video just accesses international information so much more readily."
"As more information becomes available, and the magnitude of the storm's impact becomes even more apparent, it becomes clear that this recovery will be lengthy."
"The media transforms the great silence of things into its opposite. Formerly constituting a secret, the real now talks constantly. News reports, information, statistics, and surveys are everywhere."
"Be able to recognize when you're reading or hearing material biased to your own side."
"The Internet is a great information tool, and can be a place where kids learn, but we must remember that when kids are online, they are in public."
"Over the past decade, prescribing information has grown more and more complex, more and more dense and more difficult to negotiate."
"An espionage organization is a collector: it collects raw information. That gets processed by a machinery that is supposed to resolve its reliability, and to present a finished product."
"If you think you might have secret information listening to me, you're lost."
"But the issue became, how long do you keep the press waiting so that you can gather more information?"
"No amounts of stone and bone could yield the kinds of information that the paintings gave so freely."
Explore more quotes by 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."
"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."
"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?"
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
"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."
"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."
"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 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."
"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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