Joseph Stiglitz

"When I was at the World Bank, it would often be said in the face of obvious failure that our strategy was correct, it just wasn't implemented well."

"Limited liability should not be sacrosanct. Like property rights—including intellectual property—it is a creation of man, to provide appropriate incentives; when that artifice fails to fulfill its soc…"

"Instead, unchecked by competition to "win the heart and minds" of those in the Third World, the advanced industrial countries actually created a global trade regime that helped their special corporate…"

"I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights. We were impatient with those who took a cautious approach. How could we continue to co…"

"In part, free trade has not worked because we have not tried it: trade agreements of the past have been neither free nor fair. They have been asymmetric, opening up markets in the developing countries…"

"The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn’t seem to have bought: an understanding that their fate …"

"The reason that the invisible hand often seems invisible is that it is often not there."

"The IMF has been encouraging, sometimes even forcing , countries to have their central banks focus only on inflation. Europe succumbed to these doctrines. Today, throughout Euroland, there is unhappin…"