233 Quotes by Joseph Stiglitz

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

I think that for the developing world there are many versions of capitalism, and countries have to choose one that’s appropriate.

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.

I don’t think if we had been able to make that choice rationally, we would have said that’s what we want to do. We would have said: “Can’t we save the banks and solve our health care problems?” The answer is yes. You could have.

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.

What most Americans mean when they say “the end of the recession” is, “When will it be back to normal? When can we get jobs? When will the employment rate be back to 4 percent or 5 percent?”

When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.

Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.

If manufacturing jobs do come back to the U.S., they will be done by robots in hi-tech parts of the country rather than the Rust Belt states.