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" For Obama, the Trans-Pacific Partnership agreement - unilaterally abrogated by Trump - was part of the 'pivot to Asia,' a re-assertion of the role of America in that part of the world. "
Joseph Stiglitz
Partnership
America
Agreement
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" With my kids, I'm a little sappier than my father may have been. "
Joseph Stiglitz
Little
May
Than
" 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. "
Joseph Stiglitz
Need
Political
Always
" With neoliberalism discredited and austerity failed, we need to rewrite the rules of the economy once again. But this time in the right way. We need rules that focus on long-term economic growth, and the only kind of sustainable prosperity is shared prosperity. "
Joseph Stiglitz
Focus
Time
Need
" What's going to happen is that there will be a definite consensus that Europe is not working. The diagnosis will be to shed the currency and keep the rest, or that Europe is not working and a broader rejection - like in the U.K. "
Joseph Stiglitz
Currency
Will
Working
" It is always better to tax bad things than good things. "
Joseph Stiglitz
Good Things
Better
Bad
" High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power. "
Joseph Stiglitz
Power
Politics
Political
" Having excessive power in the hands of one country meant the fate of the world was too dependent on what happened in that one country. "
Joseph Stiglitz
World
Country
Fate
" 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 Stiglitz
Education
Cry
Research
" 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. "
Joseph Stiglitz
You
Education
Equality
" The U.S. basically wrote the rules and created the institutions of globalisation. "
Joseph Stiglitz
Institutions
Rules
Globalisation
" 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
" If I came home with a grade of A, my father would say, 'There must have been a lot of dummies in that class.' "
Joseph Stiglitz
Father
Class
Been
" It isn't inevitable that we have a globalization which is used by the corporations not to pay taxes. It is not inevitable that we have a form of globalization in which corporations use the threat of moving jobs abroad to lower wages. None of this is inevitable. "
Joseph Stiglitz
Taxes
Moving
Globalization
" The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy. "
Joseph Stiglitz
Public Policy
Policy
Activity
" 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. "
Joseph Stiglitz
Help
You
Single
" We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right. "
Joseph Stiglitz
Right
Trade
You
" Letting bygones be bygones is a basic principle in economics. "
Joseph Stiglitz
Principle
Letting
Economics
" China, with its large emerging middle class, is among the big beneficiaries of globalization. "
Joseph Stiglitz
Big
China
Class
" Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin. "
Joseph Stiglitz
Age
Great
Financial
" The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an undersupply of people committed to the public sector. "
Joseph Stiglitz
Getting
Led
People
" A less healthy America is not going to be as productive. "
Joseph Stiglitz
Healthy
Productive
America
" Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand. "
Joseph Stiglitz
Growth
Manufacturing
Productivity
" Economists often like startling theorems, results which seem to run counter to conventional wisdom. "
Joseph Stiglitz
Like
Economists
Results
" The Paris climate agreement may be a harbinger of the spirit and mindset needed to sustain genuine global cooperation. "
Joseph Stiglitz
May
Spirit
Paris
" Trump sees the world in terms of a zero-sum game. In reality, globalisation, if well managed, is a positive-sum force: America gains if its friends and allies - whether Australia, the E.U., or Mexico - are stronger. But Trump's approach threatens to turn it into a negative-sum game: America will lose, too. "
Joseph Stiglitz
Game
World
Reality
" 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
" Tax policy should reflect a country's values and address its problems. "
Joseph Stiglitz
Values
Tax
Reflect
" Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis. "
Joseph Stiglitz
Crisis
Office
Good
" The bank bailout should have been more focused on helping small and medium sized banks, on helping homeowners. I think the trade agreements are a disaster. "
Joseph Stiglitz
Disaster
Trade
Bank
" In the end, the politics of the euro zone weren't strong enough to create a fully integrated fiscal union with a common banking system, etc. "
Joseph Stiglitz
Politics
Create
End