Joseph Stiglitz : (5)

" Globalization and trade liberalization were supposed to make us all better off through the mechanism of trickle-down economics. What we seemed to be seeing instead was trickle-up economics, accompanied by a destruction of democratic politics, as we moved ever closer to a system of ‘one dollar, one vote’ as opposed to ‘one person, one vote.’ " - Joseph Stiglitz

" European officials thought that austerity was part of what they called their ‘convergence policies,’ of trying to bring countries together. Instead, it actually made things worse. There’s more inequality within countries and more disparity across countries. " - Joseph Stiglitz

" To maximise global social welfare, policymakers should strongly encourage the diffusion of knowledge from developed to developing countries. " - Joseph Stiglitz

" When you’re in government, you have a big impact in Washington, but Washington may not be doing very much. " - Joseph Stiglitz

" There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception. " - Joseph Stiglitz