233 Quotes by Joseph Stiglitz

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Development is about transforming the lives of people, not just transforming economies.

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.

What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.

You can’t overestimate what happens when you encourage regulators to believe that the goal of regulation is not to regulate.

Most people think the Iraq war has increased the probability of an attack. However, it’s difficult to put this aspect into financial terms.

GDP tells you nothing about sustainability.

For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That’s not in the cards.

Active learning is always involved with interaction between teachers and students and Socratic methods and that’s gonna continue.