Joseph Stiglitz Quotes & Sayings (Page 2)

“I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous.”

“Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist.”

“The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.”

“If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?”

“I knew that discrimination existed, even though there were many individuals who were not prejudiced.”

“My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst.”

“I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard.”

“In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues.”

“I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.”

“There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.”