Joseph Stiglitz quotes - page 4

In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc. (Joseph Stiglitz)
When markets fail, as they often do, collective action becomes imperative. View quote
Joseph Stiglitz
An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to do well over the long haul. View quote
Joseph Stiglitz
Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe. View quote
Joseph Stiglitz
Having excessive power in the hands of one country meant the fate of the world was too dependent on what happened in that one country. View quote
Joseph Stiglitz
A less healthy America is not going to be as productive. View quote
Joseph Stiglitz
When you're in government, you have a big impact in Washington, but Washington may not be doing very much. View quote
Joseph Stiglitz
To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries. View quote
Joseph 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. View quote
Joseph Stiglitz
Tax policy should reflect a country's values and address its problems. View quote
Joseph Stiglitz
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights. We were impatient with those (like President Kennedy) who took a cautious approach. How could we continue to countenance these injustices that had gone on so long? (Joseph Stiglitz)
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 everyday observation. View quote
Joseph Stiglitz
Instead, unchecked by competition [by the USSR] to "win the heart and minds" of those in the Third World, the advanced industrial countries actually created a global trade regime that helped their special corporate and financial interests, and hurt the poorest countries of the world. View quote
Joseph Stiglitz
The IMF has been encouraging, sometimes even forcing (as condition of assistance), countries to have their central banks focus only on inflation. Europe succumbed to these doctrines. Today, throughout Euroland, there is unhappiness as the European Central Bank pursues a monetary policy that, while it may do wonders for bond markets by keeping inflation low and bond prices high, has left Europe's growth and employment in shambles. View quote
Joseph Stiglitz