Economist:Joseph Stiglitz
Joseph Stiglitz[edit]
Biography[edit]
American economist and Nobel laureate (2001). Former Chief Economist of the World Bank.
School of Thought[edit]
New Keynesian Economics
Notable Quotes[edit]
On Wealth Inequality and Technology[edit]
"The problem is not that AI will take all the jobs, but that the benefits of AI-driven productivity gains won't be equally shared."[1]
On Intangible Assets and Valuation[edit]
"We've moved from an economy based on manufacturing to one based on information, but our economic models haven't caught up."[2]
On Network Effects and Platform Monopolies[edit]
"Market fundamentalism has failed spectacularly."[3]
On Wealth Inequality and Technology[edit]
"Trickle-down economics is a myth. Money trickles up, not down."[4]
On Intangible Assets and Valuation[edit]
"Intellectual property rights can be a barrier to innovation rather than an incentive."[5]
References[edit]
- ↑ Joseph Stiglitz, People, Power, and Profits (2019), p. 142, W. W. Norton & Company
- ↑ Joseph Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe (2016), p. 89, W. W. Norton & Company
- ↑ Joseph Stiglitz, Freefall (2010), p. xii, W. W. Norton & Company
- ↑ Joseph Stiglitz, The Price of Inequality (2012), p. 8, W. W. Norton & Company
- ↑ Joseph Stiglitz, Making Globalization Work (2006), p. 103, W. W. Norton & Company