19 ordspråk av Joseph Stiglitz
Joseph Stiglitz
An example might be, when the owner of the firm knows more than the shareholders.
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Anybody looking at these models would say they can't provide a good description of the modern world.
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Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesn't it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia,
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Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesn't it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia.
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China has been selling a lot of goods to the West, particularly to the US, but at the same time it has been providing the money to provide the goods.
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China's growth has been export-based, but it may be difficult for it to sustain the pace of export growth.
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Elderly people remember when they could go to the movie for a nickel or a quarter,
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Greenspan's irresponsible support of that tax cut was critical to its passage.
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He was the best articulator of a set of ideas. But they happen to be wrong ideas.
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I told the commission that offering the two versions of Windows without a price difference was not a level playing field.
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International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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One needs to find innovative ways to transfer and absorb risks better within Asia, better ways of managing Asian financial markets.
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So the theory asks, how can shareholders ascertain what the firm's real prospects are when they have less information, ... It's a pervasive aspect of modern economies.
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The question is whether it'll be a stable country, will it be a country in which a diversity of views, open transparency, women's rights are recognized. The likelihood of that remains very low.
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