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Top 60 Joseph Stiglitz Quotes (2024 Update)
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Joseph Stiglitz Quote: “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 Stiglitz Quote: “I knew that discrimination existed, even though there were many individuals who were not prejudiced.”
Joseph Stiglitz Quote: “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 Stiglitz Quote: “Most people think the Iraq war has increased the probability of an attack. However, it’s difficult to put this aspect into financial terms.”
Joseph Stiglitz Quote: “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 Stiglitz Quote: “Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million.”
Joseph Stiglitz Quote: “For that to happen, growth has to be very strong. To get back to normalcy, we will have to have extended growth of more than 3 percent. That’s not in the cards.”
Joseph Stiglitz Quote: “For instance, one of the costs of the war is that soldiers today get very seriously injured but stay alive, and we can keep them alive but at an enormous price.”
Joseph Stiglitz Quote: “Economists often like startling theorems, results which seem to run counter to conventional wisdom.”
Joseph Stiglitz Quote: “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 Stiglitz Quote: “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?””
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