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Conversations with Tyler / episode intelligence

Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy

26 Jun 2024 16 published claims 2 attributable people

Speakers in the public record

Claim mix

evaluation 6belief 5preference 3recommendation 2

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The useful parts, with receipts.

16 published records

03 / belief

I think the problem of rent-seeking, which I talked about in The Price of Inequality and I talk about in People, Power, and Profits, has become an increasingly important issue.

“I think the problem of rent-seeking, which I talked about in The Price of Inequality and I talk about in People, Power, and Profits, has become an increasingly important issue.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

05 / belief

One thing that’s striking to me about the arc of your career, if I think geographically where you’ve been — you start in Gary, Indiana.

“One thing that’s striking to me about the arc of your career, if I think geographically where you’ve been — you start in Gary, Indiana.”
Speaker
Tyler Cowen
Publisher
Conversations with Tyler

07 / evaluation

If you have unfettered building — for instance, you don’t have any zoning — you can have a building as high as you want. The problem is that your high building deprives another building of light.

“If you have unfettered building — for instance, you don’t have any zoning — you can have a building as high as you want. The problem is that your high building deprives another building of light.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

08 / evaluation

I actually think it’s had an enormous cost to the whole, I would say, Western Hemisphere because of the flood of migrants from Venezuela.

“I actually think it’s had an enormous cost to the whole, I would say, Western Hemisphere because of the flood of migrants from Venezuela.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

10 / recommendation

In fact, at the current time, by moving to renewable energy — which is actually more decentralizable; you have fewer of these big mega projects — developing countries actually, I think, can do more smaller projects better.

“In fact, at the current time, by moving to renewable energy — which is actually more decentralizable; you have fewer of these big mega projects — developing countries actually, I think, can do more smaller projects better.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

12 / preference

When I came to live in a world of hierarchy, which was what I saw in Washington, I came to appreciate why, in some circumstances, you had that hierarchy. But I think I came to appreciate even more the virtues of decentralization, of what I call polyarchy.

“When I came to live in a world of hierarchy, which was what I saw in Washington, I came to appreciate why, in some circumstances, you had that hierarchy. But I think I came to appreciate even more the virtues of decentralization, of what I call polyarchy.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

13 / evaluation

In my mind, the more critical issues in strategic trade policy that we’re facing today are not those that Paul Krugman argued for based on our monopolistic competition model some quarter-century ago, and for which he got the Nobel Prize working off of our model.

“In my mind, the more critical issues in strategic trade policy that we’re facing today are not those that Paul Krugman argued for based on our monopolistic competition model some quarter-century ago, and for which he got the Nobel Prize working off of our model.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

14 / evaluation

Actually, it really is an argument that to understand how labor markets work — or any market for that matter, because we look at the labor market, but we point out, it’s through product markets — one has to take on board the fact that there’s imperfect information, and in that particular case, imperfect monitoring of what workers are doing, and that you have to have an incentive to make sure that they work well.

“Actually, it really is an argument that to understand how labor markets work — or any market for that matter, because we look at the labor market, but we point out, it’s through product markets — one has to take on board the fact that there’s imperfect information, and in that particular case, imperfect monitoring of what workers are doing, and that you have to have an incentive to make sure that they work well.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler

15 / evaluation

I think what matters is not the money supply, not the interest rate; it’s the credit availability of monetary policy, so it’s the mechanism.

“I think what matters is not the money supply, not the interest rate; it’s the credit availability of monetary policy, so it’s the mechanism.”
Speaker
Joseph Stiglitz
Publisher
Conversations with Tyler
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