Quotes from Joseph Stiglitz

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.

Active learning is always involved with interaction between teachers and students and Socratic methods and that's gonna continue.

Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.

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

If Trump wants to withdraw the U.S. from the Paris climate agreement, the rest of the world should impose a carbon-adjustment tax on U.S. exports that do not comply with global standards.

Economists often like startling theorems, results which seem to run counter to conventional wisdom.

The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.

I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life.

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

If I came home with a grade of A, my father would say, 'There must have been a lot of dummies in that class.'

Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea's nuclear ambitions.

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.

Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.

Donald J. Trump has the good fortune of taking office as the economy is finally recovering from the 2008 crisis.

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.

Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.

If there is a silver lining in the Trump cloud, it is a new sense of solidarity over core values such as tolerance and equality, sustained by awareness of the bigotry and misogyny, whether hidden or open, that Trump and his team embody.

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

The diversity of Europe is its strength. But for a single currency to work, over a region with enormous economic and political diversity, is not easy.

Regulatory reform must move beyond limiting the damage that the financial sector can do and ensure that the sector genuinely serves society.

What's going to happen is that there will be a definite consensus that Europe is not working. The diagnosis will be to shed the currency and keep the rest, or that Europe is not working and a broader rejection - like in the U.K.

Behind Trump's promise to 'make America great again' lie many fallacies. The most important fallacy is that America's place in the world can be restored to the one it occupied after World War II, when Europe was still recovering from vast devastation and most developing countries were still European colonies. It can't be.

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.

China-led globalization in some ways worries me because they are not concerned about human rights, labor rights. They probably aren't even really concerned about competitive marketplaces. So in some ways, they're like Mr. Trump.