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Joseph Stiglitz Quotes


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Quotes by Joseph Stiglitz

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High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.

~Joseph Stiglitz

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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.

~Joseph Stiglitz

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What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.

~Joseph Stiglitz

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If there is a silver lining in the Trump cloud, it is a new sense of solidarity over core values such as tolerance and equality, sustained by awareness of the bigotry and misogyny, whether hidden or open, that Trump and his team embody.

~Joseph Stiglitz

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Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'

~Joseph Stiglitz

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Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too.

~Joseph Stiglitz

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When you have a highly divided society, it's hard to come together to make investments in the common good.

~Joseph Stiglitz

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A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking.

~Joseph Stiglitz

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Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.

~Joseph Stiglitz

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There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.

~Joseph Stiglitz

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Biography

Nationality: American

Type: Economist

Born: February 9th, 1943

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