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Joseph Stiglitz Quotes

American - Economist | February 9, 1943 -

The U.S. basically wrote the rules and created the institutions of globalisation.

Joseph Stiglitz

Rules Globalisation Institutions

To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of what they wanted. The problem was with what they wanted. Their agenda was set, behind closed doors, by corporations.

Joseph Stiglitz

Me Someone Doors Problem More Trade

Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.

Joseph Stiglitz

Growth Manufacturing Productivity

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

Joseph Stiglitz

Goal Investment Will Savings Fail

To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.

Joseph Stiglitz

Knowledge Welfare Social Encourage

In addition to offering benefits to those who invest, carry out research, and create jobs, higher taxes on land and real-estate speculation would redirect capital toward productivity-enhancing spending - the key to long-term improvement in living standards.

Joseph Stiglitz

Improvement Research Key Create Land

When markets fail, as they often do, collective action becomes imperative.

Joseph Stiglitz

Action Fail Collective Markets Often

America and the world are paying a high price for devotion to the extreme anti-government ideology embraced by Donald Trump and his Republican party.

Joseph Stiglitz

World America Party Donald Trump

A politically astute president who understood deeply the economics and politics of corporate tax reform could conceivably muscle Congress toward a reform package that made sense. Trump is not that leader.

Joseph Stiglitz

Leader Politics Economics Tax Muscle

It is always better to tax bad things than good things.

Joseph Stiglitz

Good Good Things Better Bad Tax

By taxing CO2, firms and households would have an incentive to retrofit for the world of the future. The tax would also provide firms with incentives to innovate in ways that reduce energy usage and emissions - giving them a dynamic competitive advantage.

Joseph Stiglitz

Future World Energy Giving Tax

America under Trump has gone from being a world leader to an object of derision.

Joseph Stiglitz

Leader World America Gone Being

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