2214 quotes by economists for you to enjoy

But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. Joseph Stiglitz

Enormous Too Others Resources Spend Individuals Affect Affects Information Which Acquiring Actions Beliefs Amount

As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability - the difficulty that those who pay for information have in getting returns. Joseph Stiglitz

Work Problem Economics Pay Difficulty Those Insight Nobel Concerned Returns Lecture Getting Information Noted Who Early

I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are. Joseph Stiglitz

Too Much Own Think Too Way Ways Seeing Part Environment Takes Economy Crystallize Without Issues Up Quite Different Much Asking Granted Reason Many Helps Why Grows Things

I knew that discrimination existed, even though there were many individuals who were not prejudiced. Joseph Stiglitz

Though Knew Individuals Were Existed Discrimination Prejudiced Who Many Even

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. Joseph Stiglitz

Politics Never Devoid Involves Policy Affects Different Groups Fundamental Differently

For the president of the United States, reputation does matter. The reputation of the United States does matter. We are dealing with countries all over the world. They want to know if your word is good. Trump's word is not good. Joseph Stiglitz

Good World Matter Word Reputation President States Countries Over Know Dealing Does Trump Want Your United United States

Let me put it very forcefully: No large economy has ever recovered from an economic downturn through austerity. It's not going to happen in the United States, and it's not going to happen in Europe. Joseph Stiglitz

Me States Economic Recovered Through Put Economy Austerity Very Going Happen Europe Large United Ever United States Downturn

One of the arguments I make for the failure of the euro is that, at the time it was being constructed, there was a 'neo-liberal' ideology which said that all we need to do to make this thing work is to get deficits low, keep inflation low, and take down barriers, and then everything would be fine. Joseph Stiglitz

Work Time Failure Inflation Argument Ideology Down Everything Deficits Would Would-Be Fine Constructed Take Make Said Get Being Which Low Then Euro Barriers Keep Thing Need

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. Joseph Stiglitz

You People Some People Think Increase Corporate Run One Of The Things Some Wages Austerity Get Short Happens Lower Things Profits

It's very clear that TPP was promoted by corporate interests, it was driven by ideology, not by economic science. And when they started looking at the net trade benefits, they are miniscule. Joseph Stiglitz

Science Benefits Looking Ideology Corporate Corporate Interests Promoted Net Economic Driven Clear Trade Very Interests Started

People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens. Joseph Stiglitz

You People Money Down Intervene Else Unless Spend Top Those Weak Something Something Else Bottom Toward Demand Economy Redistribution Than Goes Going Happens Aggregate Less Less Money

What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically. Joseph Stiglitz

Great Trust Both Divide Argued Economically Without Politically Function Societies

There is something about the mindset of a scientist that is different - an awareness of uncertainty, modeling, proof. Joseph Stiglitz

Awareness Mindset Proof About Something Uncertainty Scientist Modeling Different

When you're in government, you have a big impact in Washington, but Washington may not be doing very much. Joseph Stiglitz

Government You Big Impact Doing Big Impact Very May Much Washington

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

Tax policy should reflect a country's values and address its problems. Joseph Stiglitz

Problems Values Country Reflect Address Policy Tax Tax Policy Should

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 Ideology Party Extreme High Embraced High Price Price Devotion His Trump America Donald Donald Trump Republican Republican Party Paying

One can only hope that America, and other countries, will not need more natural persuasion before taking to heart the lessons of Hurricane Harvey. Joseph Stiglitz

Hope Heart Natural Will Before Other Other Countries Harvey Hurricane More Only Taking Countries America Persuasion Lessons Need

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

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. Joseph Stiglitz

Capitalism Unions Changed States Rules Weakened Weakening More Allowing Trade Trade Unions Reagan Governing Governments Labour Thatcher Rewriting Ronald Reagan Created Enforcement Bargaining United United States Basic Margaret Margaret Thatcher Two Monopolies

Letting bygones be bygones is a basic principle in economics. Joseph Stiglitz

Economics Principle Letting Basic

Negative interest rates hurt banks' balance sheets, with the 'wealth effect' on banks overwhelming the small increase in incentives to lend. Joseph Stiglitz

Balance Hurt Wealth Negative Overwhelming Increase Rates Small Balance Sheets Sheets Effect Banks Interest Interest Rates Lend Incentives

America will suffer under Trump. Joseph Stiglitz

Will Trump America Suffer

Quotes by Economists