Joseph Stiglitz Quotes
When you have a highly divided society, it's hard to come together to make investments in the common good.
Stiglitz, Joseph E. The Price of Inequality: How Today's Divided Society Endangers Our Future. W. W. Norton & Company, 2012.
He was chiding Republicans who commonly extolled community values and yet would rarely invest any resources in developing or maintaining communities.
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.