Joseph Stiglitz Quotes


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.


Citations

Stiglitz, Joseph E. The Price of Inequality: How Today's Divided Society Endangers Our Future. W. W. Norton & Company, 2012.

Related Quotes

The working and middle class wages and other income had been static for over 20 years while the wealthy had theirs increase several fold. The “rising tide” only lifted the largest boats.


One dramatic example of this principle is that India at the end of the 20th century had more billionaires than the United States did.


Joseph Stiglitz
Joseph Stiglitz
  • Born: February 9, 1943
  • Nationality: American
  • Profession: Economist

Joseph Eugene Stiglitz is an American economist, public policy analyst, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of laissez-faire economists (whom he calls "free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.