Quotessence
Home / Authors / Joseph Stiglitz
Joseph Stiglitz

Joseph Stiglitz Quotes

Economist

Filter quotes by topic

AllCountryPeopleWarEconomyIfsProblemWorldPolicyEconomicInterestIraq WarRateThinkingCareCrisisMeanCostDoneEconomicsEconomist

Famous Joseph Stiglitz Quotes

“I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro or the macro level. Micro, you would ask: "What kind of financial or banking system do we want?" Macro, you would say: "What are the underlying problems in the structure of our economy?"”

ThinkingWantKindProblemAsksLevelsEconomyStructureFinancialBankingFrameworkBanking SystemMacroFirefightingConceptual Framework
Author:Joseph Stiglitz
Create image

“The IMF is a more complicated issue. I think there is a broad sentiment among both the left and the right that the IMF may be doing more harm than good. On the right, there's the view that it represents a form of corporate welfare that is counter to the IMF's own ideology of markets. But anybody who has watched government from the inside recognizes that governments need institutions, need ways to respond to crises. If the IMF weren't there, it would probably be reinvented. So the issue is fundamentally reform.”

IfsThinkingWayNeedsMayGovernmentFormLeftViewsIssuesCrisisInstitutionsComplicatedHarmIdeologyReformCorporateWelfareSentimentsBroadsImf
Author:Joseph Stiglitz
Create image

“When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call "incidence of taxes." If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.”

ThinkingMeanLongDoneRunningInterestWealthPolicyTaxesRateInequalityThoughtfulCapitalistEconomist
Author:Joseph Stiglitz
Create image