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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
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evaluation 6belief 5preference 3recommendation 2
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16 published records
“I wrote in 2012 the book The Price of Inequality, and a couple of years later, The Great Divide.”
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- Conversations with Tyler
“Then the 1990s come, and you spend, I think, about seven years working in different roles in Washington, D.”
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- Conversations with Tyler
“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.”
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- Conversations with Tyler
“I’m very glad he’s gone. I think he was terrible. He contributed to ruining a whole country.”
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“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.”
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“I think that’s wrong, but that was certainly a sentiment, a very strong sentiment.”
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“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.”
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“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.”
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“I think I’m a social person, and I’ve been lucky, you might say, to bubble up with ideas.”
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“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.”
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“I was more concerned about inequality than most of my colleagues. I wrote my thesis on inequality.”
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“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.”
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“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.”
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- Conversations with Tyler
“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.”
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“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.”
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“We made the obvious observation that if that were the case, there would be no incentive for anybody to gather information.”
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