Home / Quotes / Quote by Joseph Stiglitz

Quote by Joseph Stiglitz

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

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

You May Also Like

“As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns.”

Problem Pay Information Return Concerned Economics Difficulty Insight Lectures Nobel

Author: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.”

Action Individual Belief Information Amount Resources Enormous Firm Belief And Action

Author: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.”

Thinking Way Different Reason Helping Grows Economy Growing Up Issues Environment Too Much Seeing Asking Granted Asking Why

Author:Joseph Stiglitz

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

Individual Discrimination

Author: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.”

Gone Brother University Guidance My Brother Harvard Counselor Guidance Counselor

Author:Joseph Stiglitz

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

Needs Education Poverty Focus Projects Areas Investment International Relief Infrastructure Lending

Author: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 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.”

Seems House Understanding Fate One Thing Late Percent Doctors Bounds Lifestyle Too Late Best Education Best House

Book:The Great Divide

Source: The Great Divide

“GDP tells you nothing about sustainability”

Sustainability Gdp

Author:Joseph Stiglitz

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

Happens Inequality

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