American - Economist | February 9, 1943 -
With the election of Trump, America's soft power has taken a big hit. The United States has moved from a position of leadership in the creation of a rules-based international system to a position of leadership in its destruction and the creation of a regime of global protectionism. The damage will be long-lasting.
Joseph Stiglitz
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The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.
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My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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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.
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Society can't function without shared prosperity.
SocietyProsperityWithoutFunction
One of the things that happens when you have austerity is that wages get lower, and some people think lower wages in the short run can increase corporate profits.
PeopleThinkShortYouRunThings
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.
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What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.
KnowledgeResourcesGapMuch
One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey.
HopeHeartAmericaPersuasionWill
Under Ronald Reagan in the United States and Margaret Thatcher in the U.K., there was a rewriting of the basic rules of capitalism. These two governments changed the rules governing labour bargaining, weakening trade unions, and they weakened anti-trust enforcement, allowing more monopolies to be created.
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