Quotes by Joseph Stiglitz

“One needs to find innovative ways to transfer and absorb risks better within Asia, better ways of managing Asian financial markets.”

“Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesnt it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia.”

“Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesnt it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia,”

“Elderly people remember when they could go to the movie for a nickel or a quarter,”

“An example might be, when the owner of the firm knows more than the shareholders.”

“The question is whether itll be a stable country, will it be a country in which a diversity of views, open transparency, womens rights are recognized. The likelihood of that remains very low.”

“We did not have to fight this war, and we did not have to go to war when we did. We could have waited until we had more safe body armor and we chose not to wait.”

“So the theory asks, how can shareholders ascertain what the firms real prospects are when they have less information, ... Its a pervasive aspect of modern economies.”

“The question is whether some of the fears of last year will be realized this year. There is strong reason to worry.”

“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.”

I grew up in a family in which political issues were often discussed, and debated intensely.

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

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.

Economists often like startling theorems, results which seem to run counter to conventional wisdom.