Quotations by Joseph E. Stiglitz

22 Found
Displaying 1 through 22


Born: Tuesday, February 9, 1943
Profession: Economist
Nationality: American


Amherst is a liberal arts college, committed to providing students with a broad education.
- Joseph E. Stiglitz
(Keywords: Education, College, Liberal, Students)

Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.
- Joseph E. Stiglitz
(Keywords: Development)

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.
- Joseph E. Stiglitz
(Keywords: Work, Difficulty, Economics, Information)

But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.
- Joseph E. Stiglitz
(Keywords: Actions, Beliefs, Information)

But while I loved all of these courses, there was an irresistible attraction of economics.
- Joseph E. Stiglitz
(Keywords: Economics)

Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them.
- Joseph E. Stiglitz
(Keywords: Discrimination, Poverty, Unemployment)

Economists often like startling theorems, results which seem to run counter to conventional wisdom.
- Joseph E. Stiglitz
(Keywords: Wisdom, Results)

I grew up in a family in which political issues were often discussed, and debated intensely.
- Joseph E. Stiglitz
(Keywords: Family)

I knew that discrimination existed, even though there were many individuals who were not prejudiced.
- Joseph E. Stiglitz
(Keywords: Discrimination)

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.
- Joseph E. Stiglitz
(Keywords: Information, Public)

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.
- Joseph E. Stiglitz
(Keywords: Economy, Environment, Reason)

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.
- Joseph E. Stiglitz
(Keywords: Brother, Thought, Guidance, University)

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.
- Joseph E. Stiglitz
(Keywords: Life, American, Children, Cities, Public, Schools)

I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
- Joseph E. Stiglitz
(Keywords: Civil rights)

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?
- Joseph E. Stiglitz
(Keywords: Efficiency, Future, Stability)

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.
- Joseph E. Stiglitz
(Keywords: Virtue, Debate)

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.
- Joseph E. Stiglitz
(Keywords: Work, Day, Logic, Observation)

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.
- Joseph E. Stiglitz
(Keywords: Change, Growth, Income, Research)

My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.
- Joseph E. Stiglitz
(Keywords: Learning, Responsibility, Teachers)

The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
- Joseph E. Stiglitz
(Keywords: Policy, Public, Public policy)

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.
- Joseph E. Stiglitz
(Keywords: Education, Research, Students, Today)

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.
- Joseph E. Stiglitz
(Keywords: First)







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