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Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.

— Joseph Stiglitz Economics (1993)

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More quotes by Joseph Stiglitz

Intellectual property does not really belong in a trade agreement.

Making globalization work (2006)

The fall of Wall Street is for market fundamentalism what the fall of the Berlin Wall was for communism.

The reason that the invisible hand often seems invisible is that it is often not there.

In the long run, the most important changes required to make globalization work are reforms to reduce the democratic deficit.

Making globalization work (2006)

Competition is limited by the scale of the market, and as the scale of the market has changed, so has the effectiveness of competition.

Whither Socialism? (1994)

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Quote text and notes from Wikiquote: Joseph Stiglitz (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.