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Joseph Stiglitz Quotes
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![World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases Picture Quote #1](https://img.picturequotes.com/3/1022/1021254/1021254.webp "World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases Picture Quote #1")
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I think that for the developing world there are many versions of capitalism, and countries have to choose one that’s appropriate. (Joseph Stiglitz Quotes)
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 (Joseph Stiglitz Quotes)
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing. (Joseph Stiglitz Quotes)
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. (Joseph Stiglitz Quotes)
One has to always ask the question: Where can one be most effective in helping shape policies? It is always difficult when you’re inside because you’re very constrained. (Joseph Stiglitz Quotes)
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. (Joseph Stiglitz Quotes)
No one would look just at a firm’s revenues to assess how well it was doing. Far more relevant is the balance sheet, which shows assets and liability. That is also true for a country. (Joseph Stiglitz Quotes)
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. (Joseph Stiglitz Quotes)
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate is bound up with how the other 99 percent live. Throughout history, this is something that the top 1 percent eventually do learn. Too late. (Joseph Stiglitz Quotes)
The military is focusing only on the short run costs. If they don’t provide appropriate body armor, they save some money today, but the healthcare cost is going to be the future for some other president down the line. I view that as both fiscally and morally irresponsible. (Joseph Stiglitz Quotes)
Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector. (Joseph Stiglitz Quotes)
Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million. (Joseph Stiglitz Quotes)
The international institutions go around the world preaching liberalization, and the developing countries see that means open up your markets to our commodities, but we aren’t going to open our markets to your commodities. In the nineteenth century, they used gunboats. Now they use economic weapons and arm-twisting. (Joseph Stiglitz Quotes)
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing (Joseph Stiglitz Quotes)
If you’re injured in an automobile accident, and you sue the driver, you get much more for your injury than if you’re fighting for your country. There’s a double standard here. (Joseph Stiglitz Quotes)
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many (Joseph Stiglitz Quotes)
The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery. (Joseph Stiglitz Quotes)
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief. (Joseph Stiglitz Quotes)
Governments can enhance growth by increasing inclusiveness. A country’s most valuable resource is its people. So it is essential to ensure that everyone can live up to their potential, which requires educational opportunities for all. (Joseph Stiglitz Quotes)
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy. (Joseph Stiglitz Quotes)
When you’re facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington. (Joseph Stiglitz Quotes)
The issue is: $1 trillion or $2 trillion is a lot of money. If our objective is to have stability in the Middle East, secure oil, or extend democracy, you can do a lot of democracy buying for this sum. To put it in context: The whole world spends $50 billion a year on foreign aid. (Joseph Stiglitz Quotes)
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market. (Joseph Stiglitz Quotes)
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education instead. This would have led to future productivity increases. (Joseph Stiglitz Quotes)
The Bush administration has been doing everything it can to hide the huge number of returning veterans who are severely wounded - - 17,000 so far including roughly 20 percent with serious brain and head injuries. Even the estimate of $500 billion ignores the lifetime disability and healthcare costs that taxpayers will have to spend for years to come. (Joseph Stiglitz Quotes)
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs (Joseph Stiglitz Quotes)
Economists often like startling theorems, results which seem to run counter to conventional wisdom (Joseph Stiglitz Quotes)
Amherst is a liberal arts college, committed to providing students with a broad education (Joseph Stiglitz Quotes)
I knew that discrimination existed, even though there were many individuals who were not prejudiced (Joseph Stiglitz Quotes)
Development is about transforming the lives of people, not just transforming economies (Joseph Stiglitz Quotes)
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