Quotes by Joseph Stiglitz

About Joseph Stiglitz:

Joseph Eugene Stiglitz is an American economist and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his critical view of the management of globalization, free-market economists (whom he calls "free market fundamentalists"), and some international institutions like the International Monetary Fund and the World Bank.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

I grew up in a family in which political issues were often discussed, and debated intensely.

Joseph Stiglitz

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.

Joseph Stiglitz

Amherst is a liberal arts college, committed to providing students with a broad education.

Joseph Stiglitz

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...

Joseph Stiglitz

International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.

Joseph Stiglitz

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.

Joseph Stiglitz

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?

Joseph 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.

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.

Joseph Stiglitz

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.

Joseph Stiglitz

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.

Joseph Stiglitz

The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.

Joseph Stiglitz

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

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.

Joseph Stiglitz

But while I loved all of these courses, there was an irresistible attraction of economics.

Joseph Stiglitz

I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.

Joseph Stiglitz

Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.

Joseph Stiglitz

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

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

I knew that discrimination existed, even though there were many individuals who were not prejudiced.

Joseph Stiglitz

Author Bio

  • NameJoseph Stiglitz
  • DescriptionAmerican economist and professor, born 1943.
  • AliasesJoseph Eugene Stiglitz; Joseph Stiglitz
  • BornFebruary 9, 1943
  • CountryUnited States Of America
  • ProfessionEconomist; University Professor; Science Writer
  • AwardsGuggenheim Fellowship