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A collection of quotations by Joseph E. Stiglitz on economics, researches, writings, policies, price, inequality, banks, develop, justice, prosperity and globalization.

12 Mind-Blowing Quotes By Joseph E. Stiglitz

Quick Facts

Famous As: Economist & Author

Born On: February 9, 1943

Born In: Gary

Joseph E. Stiglitz is an acclaimed American economist, who won the ‘Noble Memorial Prize’ in Economic Sciences. He was very studious since childhood and went on to do his masters in physics but soon his thirst for knowledge and interest in Economics led him to the MIT where he pursued his graduation in Economics. He further did research at the University of Cambridge and returned to MIT to get his PhD while working as an Assistant Professor. He eventually served as a professor at various renowned universities including the Oxford, Yale, Princeton and Stanford. He also serves decision-making positions at various important committees including ‘Columbia University Committee on Global Thought’. His intellect in economics fascinated the then President Bill Clinton and he appointed him as a member of the ‘Council of Economic Advisers’. He further made some significant contributions to the nation’s economy which nurtured his reputation as an economist. He has also published various successful books on economy which have helped him establish his reputation as a prominent author. Apart from the ‘Noble Prize’, he has been honored with various awards including the ‘John Bates Clark Award’ and ‘Loeb Prize’. The work, writings, novels, books, sayings and quotes by Joseph E. Stiglitz are sure to motivate you and inspire you to achieve your goals. Go through the compilation of quotes and thoughts by Joseph E. Stiglitz that will give you a glimpse of his mind.

Development is about transforming the lives of people, not just transforming economies.

Joseph E. Stiglitz

Rather than justice for all, we are evolving into a system of justice for those who can afford it. We have banks that are not only too big to fail, but too big to be held accountable.

Joseph E. Stiglitz

The only true and sustainable prosperity is shared prosperity.

Joseph E. Stiglitz

The budgetary cost to the UK of the wars in Iraq and Afghanistan through 2010 will total more than 18 billion. If we include the social costs the total impact will exceed 20 billion.

Joseph E. Stiglitz

The facts shouldn’t get in the way of a pleasant fantasy.

Joseph E. Stiglitz

Americans all benefit from the physical and institutional infrastructure that has developed from the country’s collective efforts over generations.

Joseph E. Stiglitz

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 E. Stiglitz

Part of the reason for this is that much of America’s inequality is the result of market distortions, with incentives directed not at creating new wealth but at taking it from others.

Joseph E. Stiglitz

It’s easy to get rich by getting a state asset at a deep discount.

Joseph E. Stiglitz

Ensuring that we have a well-informed public citizenry is important for a well-functioning democracy, and that in turn requires an active and diverse media.

Joseph E. Stiglitz

We were not rich, but my parents had adjusted their lifestyle to their incomes—and in the end that is a big part of the battle.

Joseph E. Stiglitz

America had created a marvelous economic machine, but evidently one that worked only for those at the top. "Of the 1% for the 1% by the 1%

Joseph E. Stiglitz