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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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"Perfect truth (symmetry) is information that doesn't change and pure randomness is a difference that doesn't make a difference."
"It is a very sad thing that nowadays there is so little useless information."
"When we hear news we should always wait for the sacrament of confirmation."
"A poem is true if it hangs together. Information points to something else. A poem points to nothing but itself."
"I am disillusioned enough to know that no man's opinion on any subject is worth a damn unless backed up with enough genuine information to make him really know what he's talking about."
"Disinformation is duping. Misinformation is tricking."
"I have never refused to talk to any authorities or give them any information I had."
"On the Internet, inside information is currency, and there will always be counterfeiters among us."
"Judgment is more than skill. It sets forth on intellectual seas beyond the shores of hard indisputable factual information."
"Because the New Testament provides the primary historical source for information on the resurrection, many critics during the 19th century attacked the reliability of these biblical documents."
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."
"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."
"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."
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
"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."
"Amherst is a liberal arts college, committed to providing students with a broad education."
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