Joseph Stiglitz Quotes


For 60 years, since World War II, we have been trying to create a rules-based system, a global economic system. We understand that what makes our economy function is what we call the rule of law, and what is true domestically is also true internationally. It is important to have rules by which we govern our relations with other countries.


Citations

Stiglitz, Joseph E. Making Globalization Work. W. W. Norton & Company, 2006.

Related Quotes

Ingersoll was considered to be the greatest orator and political thinker of his day, but his overt atheistic views curtailed his elected political career. Ever since the founding of our republic, the concept of a World Court has been polarizing. In the early days of the nation, many Americans did not trust the more powerful European states to be fair. When we became the most powerful state, many of us didn’t trust the weaker nations to be fair and maintain our standards of law.


Joseph Stiglitz
Joseph Stiglitz
  • Born: February 9, 1943
  • Nationality: American
  • Profession: Economist

Joseph Eugene Stiglitz is an American economist, public policy analyst, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979). He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president's) Council of Economic Advisers. He is known for his support of Georgist public finance theory and for his critical view of the management of globalization, of laissez-faire economists (whom he calls "free-market fundamentalists"), and of international institutions such as the International Monetary Fund and the World Bank.