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All Quotes by author - Joseph Stiglitz
" After the destruction of New Orleans by Hurricane Katrina in 2005, the shutdown of much of New York City by Sandy in 2012, and now the devastation wrought on Texas by Harvey, the U.S. can and should do better. "
City
Texas
New York
" A less healthy America is not going to be as productive. "
Healthy
Productive
America
" A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking. "
Why
Price
Lot
" America and the world are paying a high price for devotion to the extreme anti-government ideology embraced by Donald Trump and his Republican party. "
America
World
Republican
" Americans like to say we're fighting for democracy, and yet young Americans have come to the view that democracy doesn't deliver. "
Fighting
Young
View
" America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow. "
America
India
Grow
" America under Trump has gone from being a world leader to an object of derision. "
Object
Leader
Gone
" America will suffer under Trump. "
America
Will
Trump
" Amherst is a liberal arts college, committed to providing students with a broad education. "
Education
Arts
College
" Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. "
Development
Intellectual
Professional
" 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. "
Year
Long
Economy
" A politically astute president who understood deeply the economics and politics of corporate tax reform could conceivably muscle Congress toward a reform package that made sense. Trump is not that leader. "
Leader
Congress
Economics
" 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. "
Help
You
Single
" 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. "
Pay
Work
Problem
" Behind Trump's promise to 'make America great again' lie many fallacies. The most important fallacy is that America's place in the world can be restored to the one it occupied after World War II, when Europe was still recovering from vast devastation and most developing countries were still European colonies. It can't be. "
World
Lie
Place
" Bitcoin is successful only because of its potential for circumvention, lack of oversight. "
Because
Only
Potential
" But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. "
Others
Resources
Actions
" But while I loved all of these courses, there was an irresistible attraction of economics. "
Attraction
Loved
Courses
" By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage. "
Tax
Giving
Future
" 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. "
Strike
Why
Discrimination
" 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. "
Me
Human Rights
Globalization
" China's government has far more control over the country's economy than our government has over ours, and it is moving from export dependence to a model of growth driven by domestic demand. Any restriction on exports to the U.S. would simply accelerate a process already underway. "
Growth
Moving
Control
" China, with its large emerging middle class, is among the big beneficiaries of globalization. "
Big
China
Class
" Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea's nuclear ambitions. "
Threat
Planet
Change
" Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis. "
Crisis
Office
Good
" 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. "
Behind
Victory
White
" Economists often like startling theorems, results which seem to run counter to conventional wisdom. "
Like
Economists
Results
" Ensuring preschool education for all and investing more in public schools is essential if the U.S. is to avoid becoming a neo-feudal country where advantages and disadvantages are passed on from one generation to the next. "
Country
Education
Generation
" European officials thought that austerity was part of what they called their 'convergence policies,' of trying to bring countries together. Instead, it actually made things worse. There's more inequality within countries and more disparity across countries. "
Thought
Together
Trying
" 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. "
Over
America
Cold War
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