Play | Topics | Authors | Random

Danh ngôn của Joseph Stiglitz (Sứ mệnh: 6)

I grew up in a family in which political issues were often discussed, and debated intensely.
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
When you don't have equality of opportunity because you don't have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
High levels of economic inequality lead to imbalances in political power, as those at the top use their economic weight to shape our politics in ways that give them more economic power.
What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.
To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries.
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.
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.
Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of 'one dollar, one vote' as opposed to 'one person, one vote.'