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Kenneth Rogoff
47quotes
Kenneth Rogoff
#### Full Name and Common Aliases
Kenneth Stuart Rogoff is an American economist known professionally as Kenneth Rogoff.
Birth and Death Dates
Born on December 22, 1953, in Bayside, New York. No record of passing.
Nationality and Profession(s)
Rogoff holds dual citizenship with the United States and Switzerland. His career spans academia, public policy, and international finance, where he served as a former Chief Economist at the International Monetary Fund (IMF).
Early Life and Background
Growing up in Queens, New York, Rogoff's interest in economics was sparked during his high school years. He earned a Bachelor of Arts degree from Yale University in 1977, followed by a Master of Philosophy degree from Jesus College, Oxford, as a Marshall Scholar. Rogoff went on to complete his Ph.D. in economics at the Massachusetts Institute of Technology (MIT) in 1982.
Major Accomplishments
Rogoff's work has been instrumental in shaping global economic policies and understanding the dynamics of international finance. His research focuses on macroeconomics, monetary policy, and financial crises. Notable contributions include:
Advocating for a more effective management of sovereign debt: Rogoff has argued that governments must prioritize fiscal sustainability to mitigate the risk of default.
Highlighting the importance of central banks' independence: He emphasizes the need for policymakers to maintain monetary policy's integrity, ensuring it is not swayed by political pressures.
Notable Works or Actions
Some of his most notable works include:
"This Time It's Different: Eight Centuries of Financial Folly" (2009): This book examines the patterns of financial crises throughout history.
"The Curse of Cash" (2014): Rogoff explores the benefits and drawbacks of eliminating cash from circulation.
Impact and Legacy
Rogoff has had a profound impact on the global economic landscape. His ideas have influenced policymakers, economists, and business leaders worldwide. As a prominent voice in international finance, he continues to shape discussions around monetary policy and financial stability.
Why They Are Widely Quoted or Remembered
Kenneth Rogoff is widely quoted due to his expertise and thought leadership in the field of economics. His research has been instrumental in shaping global economic policies, making him one of the most influential voices on international finance issues.
Quotes by Kenneth Rogoff
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There has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren’t moving ahead as quickly as the capitalists.
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Unbridled capitalism in the United States can’t be sustained socially. It leads to tensions.
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It’s quite astonishing how much money people make in the hedge fund business and in the private equity field, and how well-off affluent families really are.
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It is vital for Russia to normalize relations with the rest of the world. You shouldn’t isolate your economy.
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The problem – at least in the United States – is not that people can’t find jobs. The problem is that they’re no longer finding jobs that provide them with dignity and decent social status.
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Workers are not being exploited. But if their share of growth doesn’t increase, this could be a potential cause of social tension worldwide.
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Marx’s theory that only capitalists benefit from capitalism and workers are exploited was completely wrong. Nothing could have been further from the truth. Workers earned more as economies grew.
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I tell my children that a man like Bill Gates has a personal fortune of $100 billion. They can’t even comprehend that. Then I explain that he has more money than some countries.
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We’re not just going to see mid-sized banks go under in the next few months, we’re going to see a whopper.
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