Joseph E. Stiglitz Quotations

We did not have to fight this war, and we did not have to go to war when we did. We could have waited until we had more safe body armor and we chose not to wait.

Another project that I began in Cambridge concerned the interaction between the distribution of income and short run macro economic behavior.

I approached the problem as a series of thought experiments - unlike many other sciences, we typically cannot do actual experiments.

My work on the economics of uncertainty led naturally to the work on information asymmetries, and more generally, imperfect information.