Joseph Stiglitz

Economists often like startling theorems, results which seem to run counter to conventional wisdom. ↗

— Joseph Stiglitz

#conventional wisdom #counter #economists #like #often

Amherst is a liberal arts college, committed to providing students with a broad education. ↗

— Joseph Stiglitz

#arts #broad #college #committed #education

Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist. ↗

— Joseph Stiglitz

#broad #development #economist #intellectual #intellectual development

But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. ↗

— Joseph Stiglitz

#actions #affect #affects #amount #beliefs

But while I loved all of these courses, there was an irresistible attraction of economics. ↗

— Joseph Stiglitz

#courses #economics #i #irresistible #loved

Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them. ↗

— Joseph Stiglitz

#certainly #could #did #discrimination #episodic

I grew up in a family in which political issues were often discussed, and debated intensely. ↗

— Joseph Stiglitz

#debated #discussed #grew #i #intensely

I knew that discrimination existed, even though there were many individuals who were not prejudiced. ↗

— Joseph Stiglitz

#even #existed #i #individuals #knew

I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard. ↗

— Joseph Stiglitz

#because #before #better #brother #counselor

I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life. ↗

— Joseph Stiglitz

#american cities #children #cities #cross #families