Economist:Joseph Stiglitz: Difference between revisions
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=== On Wealth Inequality and Technology === | === On Wealth Inequality and Technology === | ||
"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."<ref name="ref_2019_p142_1">Joseph Stiglitz, ''People, Power, and Profits'' (2019), p. 142, W. W. Norton & Company</ref> | |||
=== On Intangible Assets and Valuation === | === On Intangible Assets and Valuation === | ||
"We've moved from an economy based on manufacturing to one based on information, but our economic models haven't caught up."<ref name="ref_2016_p89_1">Joseph Stiglitz, ''The Euro: How a Common Currency Threatens the Future of Europe'' (2016), p. 89, W. W. Norton & Company</ref> | |||
== References == | |||
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=== On Network Effects and Platform Monopolies === | === On Network Effects and Platform Monopolies === | ||
"Market fundamentalism has failed spectacularly."<ref name="ref_2010_1">Joseph Stiglitz, ''Freefall'' (2010), p. xii, W. W. Norton & Company</ref> | |||
=== On Wealth Inequality and Technology === | === On Wealth Inequality and Technology === | ||
"Trickle-down economics is a myth. Money trickles up, not down."<ref name="ref_2012_p8_1">Joseph Stiglitz, ''The Price of Inequality'' (2012), p. 8, W. W. Norton & Company</ref> | |||
=== On Intangible Assets and Valuation === | === On Intangible Assets and Valuation === | ||
"Intellectual property rights can be a barrier to innovation rather than an incentive."<ref name="ref_2006_p103_1">Joseph Stiglitz, ''Making Globalization Work'' (2006), p. 103, W. W. Norton & Company</ref> | |||
Revision as of 20:39, 12 August 2025
Joseph Stiglitz
Biography
American economist and Nobel laureate (2001). Former Chief Economist of the World Bank.
School of Thought
New Keynesian Economics
Notable Quotes
On Wealth Inequality and Technology
"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
"We've moved from an economy based on manufacturing to one based on information, but our economic models haven't caught up."[2]
References
Additional Notable Quotes
On Network Effects and Platform Monopolies
"Market fundamentalism has failed spectacularly."[1]
On Wealth Inequality and Technology
"Trickle-down economics is a myth. Money trickles up, not down."[2]
On Intangible Assets and Valuation
"Intellectual property rights can be a barrier to innovation rather than an incentive."[3]