Joseph E. Stiglitz Quotes
"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights."
- Joseph E. Stiglitz
(Related: 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
(Related: 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
(Related: 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
(Related: 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
(Related: 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
(Related: Learning, Responsibility, Teachers)
"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
- Joseph E. Stiglitz
(Related: Policy, Public, Public policy)
"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
(Related: First)
"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
(Related: Life, American, Children, Cities, Public, Schools)
"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
(Related: Education, Research, Students, Today)
"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
(Related: Brother, Thought, Guidance, University)
"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
(Related: Economy, Environment, Reason)
"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
(Related: Information, Public)
"Amherst is a liberal arts college, committed to providing students with a broad education."
- Joseph E. Stiglitz
(Related: Education, College, Liberal, Students)
"I grew up in a family in which political issues were often discussed, and debated intensely."
- Joseph E. Stiglitz
(Related: Family)
"I knew that discrimination existed, even though there were many individuals who were not prejudiced."
- Joseph E. Stiglitz
(Related: Discrimination)
"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
(Related: Discrimination, Poverty, Unemployment)
"But while I loved all of these courses, there was an irresistible attraction of economics."
- Joseph E. Stiglitz
(Related: Economics)
"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
(Related: Actions, Beliefs, Information)
"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
(Related: Work, Difficulty, Economics, Information)
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
- Joseph E. Stiglitz
(Related: Development)