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Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation. Joseph Stiglitz#Attempting 74
Joseph Stiglitz#Attempting 74
My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth. Joseph Stiglitz#Affected 72
Joseph Stiglitz#Affected 72
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#Acquiring 65
Joseph Stiglitz#Acquiring 65
The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy. Joseph Stiglitz#Activity 65
Joseph Stiglitz#Activity 65
I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights. Joseph Stiglitz#Civil 64
Joseph Stiglitz#Civil 64
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system? Joseph Stiglitz#Assurance 52
Joseph Stiglitz#Assurance 52
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. Joseph Stiglitz#Politics 51
Joseph Stiglitz#Politics 51
I grew up in a family in which political issues were often discussed, and debated intensely. Joseph Stiglitz#Family 38
Joseph Stiglitz#Family 38
In debate, one randomly was assigned to one side or the other. This had at least one virtue - it made one see that there was more than one side to these complex issues. Joseph Stiglitz#Assigned 33
Joseph Stiglitz#Assigned 33
My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst. Joseph Stiglitz#Amherst 32
Joseph Stiglitz#Amherst 32
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