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" 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 Stiglitz
Been
Winner
First
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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
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Agreement
" We have a locale-based education system; we have increasing economic segregation. We clearly need a larger federal program to try to help disadvantaged districts. "
Joseph Stiglitz
Help
Segregation
Need
" The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy. "
Joseph Stiglitz
Public Policy
Policy
Activity
" The diversity of Europe is its strength. But for a single currency to work, over a region with enormous economic and political diversity, is not easy. "
Joseph Stiglitz
Diversity
Political
Strength
" The IP standards advanced countries favour typically are designed not to maximise innovation and scientific progress, but to maximise the profits of big pharmaceutical companies and others able to sway trade negotiations. "
Joseph Stiglitz
Others
Progress
Big
" Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they get more. But then you look at the people who are at the top, and you realize they're not the people who have transformed our economy, our society. "
Joseph Stiglitz
People
Society
You
" 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
" 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
" I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights. "
Joseph Stiglitz
Generation
Like
Rights
" There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof. "
Joseph Stiglitz
Modeling
Mindset
Uncertainty
" In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only does it create jobs once: the investment creates jobs multiple times. "
Joseph Stiglitz
Government
Create
Money
" 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
" If Trump wants to withdraw the U.S. from the Paris climate agreement, the rest of the world should impose a carbon-adjustment tax on U.S. exports that do not comply with global standards. "
Joseph Stiglitz
Tax
Rest
Paris
" Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. "
Joseph Stiglitz
Politics
Never
Policy
" The reality is that what we did in 2010 with the Dodd-Frank wasn't enough. "
Joseph Stiglitz
Did
Enough
Reality
" 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 Stiglitz
Strike
Why
Discrimination
" 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
" Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S. "
Joseph Stiglitz
Numbers
Fast
Manufacturing
" I don't think we can have democracies that work where most of the people are not benefiting economically, where most of the people are worried about their job security. "
Joseph Stiglitz
Security
Job
Most
" 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
" One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey. "
Joseph Stiglitz
Hurricane
Need
Hope
" 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 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
" 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
" I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and technology policy. But a lot of the people were lawyers. They like winning an argument, but science-based, evidence-based reasoning was just sort of not in their framework. "
Joseph Stiglitz
People
Winning
Technology
" 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
" 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
" One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine. "
Joseph Stiglitz
Down
Said
Time
" 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. "
Joseph Stiglitz
Tax
Giving
Future
" Letting bygones be bygones is a basic principle in economics. "
Joseph Stiglitz
Principle
Letting
Economics