233 Quotes by Joseph Stiglitz

When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.

The U.S. basically wrote the rules and created the institutions of globalisation.

It's very hard to persuade a young person who has seen the Great Recession, who has seen all the problems with inequality, to tell them inequality is not important and that markets are always efficient. They'd think you're crazy.

We have a locale-based education system; we have increasing economic segregation. We clearly need a larger federal program to try to help disadvantaged districts.

The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need that the euro was required to solve, but leaders believed that it would foster growth.

One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.

In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc.

A less healthy America is not going to be as productive.

A single currency entails a fixed interest rate, which means countries can't manage their own currency to suit their own needs. You need a variety of institutions to help nations for which the policies aren't well suited. Europe introduced the euro without providing those structures.