"Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently."
"Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future."Joseph Stiglitz on John F. Kennedy
"Suppose you were an idiot, and suppose you were a member of Congress but I repeat myself."Joseph Stiglitz on Mark Twain
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors."Joseph Stiglitz on Plato
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."Joseph Stiglitz on Milton Friedman
"It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything."Joseph Stiglitz on Joseph Stalin
"I grew up in a family in which political issues were often discussed, and debated intensely."
"My teachers helped guide and motivate me but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."