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" 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. "
Joseph Stiglitz
America
World
Republican
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" When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality. "
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" 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. "
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" There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception. "
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" But while I loved all of these courses, there was an irresistible attraction of economics. "
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" Amherst is a liberal arts college, committed to providing students with a broad education. "
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" Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment. "
Joseph Stiglitz
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Goal
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" There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof. "
Joseph Stiglitz
Modeling
Mindset
Uncertainty
" 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. "
Joseph Stiglitz
Leader
Congress
Economics
" Tax policy should reflect a country's values and address its problems. "
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" For the president of the United States, reputation does matter. The reputation of the United States does matter. We are dealing with countries all over the world. They want to know if your word is good. Trump's word is not good. "
Joseph Stiglitz
World
Reputation
Know
" Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe. "
Joseph Stiglitz
Going
Economy
Me
" When you have a highly divided society, it's hard to come together to make investments in the common good. "
Joseph Stiglitz
Good
Together
Society
" I knew that discrimination existed, even though there were many individuals who were not prejudiced. "
Joseph Stiglitz
Who
Discrimination
Even
" In addition to offering benefits to those who invest, carry out research, and create jobs, higher taxes on land and real-estate speculation would redirect capital toward productivity-enhancing spending - the key to long-term improvement in living standards. "
Joseph Stiglitz
Improvement
Create
Research
" 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. "
Joseph Stiglitz
Year
Long
Economy
" America's role in the global economy inevitably was going to diminish; we're smaller relative to - as China, India, other emerging markets grow. "
Joseph Stiglitz
America
India
Grow
" Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend. "
Joseph Stiglitz
Wealth
Hurt
Small
" Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea's nuclear ambitions. "
Joseph Stiglitz
Threat
Planet
Change
" Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. "
Joseph Stiglitz
Politics
Never
Policy
" A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking. "
Joseph Stiglitz
Why
Price
Lot
" When markets fail, as they often do, collective action becomes imperative. "
Joseph Stiglitz
Action
Markets
Collective
" If there is a silver lining in the Trump cloud, it is a new sense of solidarity over core values such as tolerance and equality, sustained by awareness of the bigotry and misogyny, whether hidden or open, that Trump and his team embody. "
Joseph Stiglitz
Cloud
Team
Equality
" 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 Stiglitz
Logic
Every Day
Exploring
" The euro zone was driven by the neoliberal view that markets are always efficient. That in itself is political. There was no pressing economic need that the euro was required to solve, but leaders believed that it would foster growth. "
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Need
Political
Always
" It is always better to tax bad things than good things. "
Joseph Stiglitz
Good Things
Better
Bad
" Economists often like startling theorems, results which seem to run counter to conventional wisdom. "
Joseph Stiglitz
Like
Economists
Results
" If Trump actually wants to help those who have been left behind, he must go beyond the ideological battles of the past. "
Joseph Stiglitz
Go
Past
Help
" The Paris climate agreement may be a harbinger of the spirit and mindset needed to sustain genuine global cooperation. "
Joseph Stiglitz
May
Spirit
Paris
" Americans like to say we're fighting for democracy, and yet young Americans have come to the view that democracy doesn't deliver. "
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Fighting
Young
View
" 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 Stiglitz
Information
Good
Insight