Joseph Stiglitz Quotes

Saurav Singh
3 Min Read
Joseph Stiglitz Quotes

Joseph Stiglitz is an American economist who has made significant contributions to the field of economics. Joseph Stiglitz was born on February 9, 1943, in Gary, Indiana, USA. He grew up in a middle-class family and showed an early interest in academics and economics. Stiglitz attended Amherst College, where he received his bachelor’s degree in economics in 1964. Later, he pursued graduate studies at the Massachusetts Institute of Technology (MIT), earning his Ph.D. in economics in 1967.

Famous Joseph Stiglitz Quotes

“Workers’ rights should be a central focus of development.” ~ Joseph Stiglitz
“Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.” ~ Joseph Stiglitz
“In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.” ~ Joseph Stiglitz
“Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost nothing on diseases that affect developing countries only. This is not surprising. Poor people cannot afford drugs, and drug companies make investments that yield the highest returns.” ~ Joseph Stiglitz
“Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.” ~ Joseph Stiglitz
“Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.” ~ Joseph Stiglitz
“The problem is a lot of what is called economics is not economics. It is more ideology or religion.” ~ Joseph Stiglitz
“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.” ~ Joseph Stiglitz
“Governments can enhance growth by increasing inclusiveness. A country’s most valuable resource is its people. So it is essential to ensure that everyone can live up to their potential, which requires educational opportunities for all.” ~ Joseph Stiglitz
“GDP tells you nothing about sustainability” ~ Joseph Stiglitz
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