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. Joseph Stiglitz amherstbrothercounselor Change image and share on social
My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth. Joseph Stiglitz affectcenterchange Change image and share on social
I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are. Joseph Stiglitz crystallizeeconomyenvironment share on social
I knew that discrimination existed, even though there were many individuals who were not prejudiced. Joseph Stiglitz discriminationexistindividual Change image and share on social
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief. Joseph Stiglitz areabankeducation Change image and share on social
The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities. Joseph Stiglitz basiccryeducate share on social
Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. Joseph Stiglitz amherstbroaddevelopment Change image and share on social
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. Joseph Stiglitz acquireactionaffect Change image and share on social
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. Joseph Stiglitz allocationclearefficient share on social
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights. Joseph Stiglitz civilconcerngeneration Change image and share on social
