Joseph Stiglitz Quotes


What you measure affects what you do. If you don't measure the right thing, you don't do the right thing.


Citations

Stiglitz, Joseph E., Amartya Sen, and Jean-Paul Fitoussi. Mismeasuring Our Lives: Why GDP Doesn't Add Up. The New Press, 2010, p. xvii.

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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.