Economist:Joseph Stiglitz

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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

  1. ↑ Joseph Stiglitz, People, Power, and Profits (2019), p. 142, W. W. Norton & Company
  2. ↑ Joseph Stiglitz, The Euro: How a Common Currency Threatens the Future of Europe (2016), p. 89, W. W. Norton & Company

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]

  1. ↑ Joseph Stiglitz, Freefall (2010), p. xii, W. W. Norton & Company
  2. ↑ Joseph Stiglitz, The Price of Inequality (2012), p. 8, W. W. Norton & Company
  3. ↑ Joseph Stiglitz, Making Globalization Work (2006), p. 103, W. W. Norton & Company
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