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Quote by 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.”

Quote by Joseph Stiglitz

Author

Joseph Stiglitz

Joseph Stiglitz is a renowned economist born on February 9, 1943, in the United States. He has made extensive contributions to the field of economics, particularly in the areas of development economics, globalization, and financial policy. Stiglitz served as Chief Economist and Senior Vice President at the World Bank and was awarded the Nobel Prize in Economics in 1998. more

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“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.”

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

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“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.”

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

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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.”

“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.”

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Book:The Great Divide

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“GDP tells you nothing about sustainability”

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“American inequality didn't just happen. It was created.”

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Book:The Price of Inequality: How Today's Divided Society Endangers Our Future

Source: The Price of Inequality: How Today's Divided Society Endangers Our Future

“I think we should all live on the precipe of life, as fully and as dangerously as possible. Everyone should make the assumption that they're going through life only once. Tomorrow we die. Why not take chances, extend yourself? How awful it is when a person comes to the end of life full of regret.”

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“Writing should be useful. If it can’t instruct people a little bit more about the responsibilities of consciousness, there’s no point in doing it.”

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