Phrase by 'Joseph Stiglitz'

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Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'

Author: Joseph Stiglitz - American Economist
Better , Politics , Vote , Economics

High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.

Author: Joseph Stiglitz - American Economist
Politics , Political , Power , Inequality

The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities.

Author: Joseph Stiglitz - American Economist
Education , Today , Research , Cry

We share a common planet, and the world has learned the hard way that we have to get along and work together. We have learned, too, that cooperation can benefit all.

Author: Joseph Stiglitz - American Economist
Work , World , Way , Together

We could have managed globalization in ways that ordinary citizens would have benefited rather than just the corporations. Trade is beneficial. There are gains to be had from taking advantage of comparative advantage and specialization. That's true, if you manage globalization right.

Author: Joseph Stiglitz - American Economist
You , Just , True , Globalization

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.

Author: Joseph Stiglitz - American Economist
Me , Like , Good , Information

What separates developing countries from developed countries is as much a gap in knowledge as a gap in resources.

Author: Joseph Stiglitz - American Economist
Knowledge , Much , Gap , Resources

There's a long list of investments that governments could and should be making. There is strengthening infrastructure, such as transport and communications; there is investment in education; there is investment in families, particularly putting measures in place that free women from having to make the choice between raising a family and work.

Author: Joseph Stiglitz - American Economist
Work , Family , Education , Women

I began my career as a physicist. And in the White House, my buddies were the people from the White House office of science and technology policy. But a lot of the people were lawyers. They like winning an argument, but science-based, evidence-based reasoning was just sort of not in their framework.

Author: Joseph Stiglitz - American Economist
People , Science , White , Technology

Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.

Author: Joseph Stiglitz - American Economist
Security , Law , Government , Rule Of Law