Progress Quotes
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One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey.
Quote by -Joseph Stiglitz
To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.
Quote by -Joseph Stiglitz
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
Quote by -Joseph Stiglitz
If Trump wants to withdraw the U.S. from the Paris climate agreement, the rest of the world should impose a carbon-adjustment tax on U.S. exports that do not comply with global standards.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues.
Quote by -Joseph Stiglitz
It's very clear that TPP was promoted by corporate interests, it was driven by ideology, not by economic science. And when they started looking at the net trade benefits, they are miniscule.
Quote by -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.
Quote by -Joseph Stiglitz
The reality is that what we did in 2010 with the Dodd-Frank wasn't enough.
Quote by -Joseph Stiglitz
With the election of Trump, America's soft power has taken a big hit. The United States has moved from a position of leadership in the creation of a rules-based international system to a position of leadership in its destruction and the creation of a regime of global protectionism. The damage will be long-lasting.
Quote by -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.
Quote by -Joseph Stiglitz
An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to do well over the long haul.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
Europe can't rely on a Trump-led U.S. for its defence. But, at the same time, it should recognise that the cold war is over - however unwilling to acknowledge it America's industrial-military complex may be.
Quote by -Joseph Stiglitz
There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.
Quote by -Joseph Stiglitz
One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine.
Quote by -Joseph Stiglitz
If there is a silver lining in the Trump cloud, it is a new sense of solidarity over core values such as tolerance and equality, sustained by awareness of the bigotry and misogyny, whether hidden or open, that Trump and his team embody.
Quote by -Joseph Stiglitz
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
Quote by -Joseph Stiglitz
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?
Quote by -Joseph Stiglitz
What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
Quote by -Joseph Stiglitz
There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof.
Quote by -Joseph Stiglitz
Donald Trump's astonishing victory in the U.S. presidential election has made one thing abundantly clear: too many Americans - particularly white male Americans - feel left behind.
Quote by -Joseph Stiglitz
The IP standards advanced countries favour typically are designed not to maximise innovation and scientific progress, but to maximise the profits of big pharmaceutical companies and others able to sway trade negotiations.
Quote by -Joseph Stiglitz
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.
Quote by -Joseph Stiglitz
America under Trump has gone from being a world leader to an object of derision.
Quote by -Joseph Stiglitz
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.
Quote by -Joseph Stiglitz
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.
Quote by -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.
Quote by -Joseph Stiglitz
Amherst is a liberal arts college, committed to providing students with a broad education.
Quote by -Joseph Stiglitz
But while I loved all of these courses, there was an irresistible attraction of economics.
Quote by -Joseph Stiglitz
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
Quote by -Joseph Stiglitz
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.
Quote by -Joseph Stiglitz
My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth.
Quote by -Joseph Stiglitz
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
I knew that discrimination existed, even though there were many individuals who were not prejudiced.
Quote by -Joseph Stiglitz
For the president of the United States, reputation does matter. The reputation of the United States does matter. We are dealing with countries all over the world. They want to know if your word is good. Trump's word is not good.
Quote by -Joseph Stiglitz
I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the people are worried about their job security.
Quote by -Joseph Stiglitz
The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
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.
Quote by -Joseph Stiglitz
America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow.
Quote by -Joseph Stiglitz
China-led globalization in some ways worries me because they are not concerned about human rights, labor rights. They probably aren't even really concerned about competitive marketplaces. So in some ways, they're like Mr. Trump.
Quote by -Joseph Stiglitz
It isn't inevitable that we have a globalization which is used by the corporations not to pay taxes. It is not inevitable that we have a form of globalization in which corporations use the threat of moving jobs abroad to lower wages. None of this is inevitable.
Quote by -Joseph Stiglitz
We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.
Quote by -Joseph Stiglitz