Skip to content

It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much that seems so counter to what the world is like. Many of the things that I'm going to describe make so much more common sense than these notions that seem counter to what ones eyes see every day.

— Joseph Stiglitz

Another quote →

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)

All Joseph Stiglitz quotes →

Attribution

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.