Best Of Joseph E. Stiglitz's "People, Power, Profits"
Here is a selection of memorable quotes from People, Power, and Profits: Progressive Capitalism for an Age of Discontent by Joseph E. Stiglitz The true wealth of a nation is measured by its capacity to deliver, in a sustainable way, high standards of living for all of its citizens. This in turn has to do with sustained productivity increases, based partly on investments in plants and equipment, but most importantly, in knowledge, and in running our economy at full employment, ensuring that the resources we have are not wasted or simply sitting idly by. It most definitely does not have to do with just the accumulation of financial wealth or gold. Indeed, I will show that the focus on financial wealth has been counterproductive—its growth has come at the expense of the real wealth of the country, helping to explain the slowdown of growth in this era of financialization. p. 9 Over time, a rich set of truth-telling, truth-discovering, and truth-verification institutions evolved, and we ow...
