Lib Quotes
  • Authors
  • Topics
  • Lists
  • Pictures
  • Resources
  • More about Joseph Stiglitz

Joseph Stiglitz - Gary Quotes

2 Sourced Quotes

View all Joseph Stiglitz Quotes
    • Source
    • Report...
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists... 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
    • Source
    • Report...
Growing up in Gary Indiana gave me, I think, a distinct advantage over many of my classmates who had grown up in affluent suburbs. They could read articles that argued that in competitive equilibrium, there could not be discrimination, so long as there are some non-discriminatory individuals or firms, since it would pay any such firm to hire the lower wage discriminated-against individuals, and take them seriously. I knew that discrimination existed, even though there were many individuals who were not prejudiced. To me, the theorem simply proved that one or more of the assumptions that went into the theory was wrong.

Joseph Stiglitz

Quote of the day

What we observe is not nature itself but nature exposed to our method of questioning. Our scientific work in physics consists in asking questions about nature in the language that we possess and trying to get an answer from experiment by the means that are at our disposal.
Werner Heisenberg

Joseph Stiglitz

Joseph Stiglitz
Creative Commons

Born: February 9, 1943 (age 82)
More about Joseph Stiglitz...

Featured Authors

Elizabeth I of EnglandAndré GideJean-Paul SartreDonald TrumpJane AustenMartin Luther King, Jr.Martin ScorseseLewis CarrollSteve JobsUmberto EcoCharles DarwinVirgil

Lists

Predictions that didn't happen

Predictions that didn't happen

If it's on the Internet it must be true

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Remarkable Last Words (or Near-Last Words)

Picture Quotes

If you see what is right and fail to act on it, you lack courage.

Confucius

I have a heart with room for every joy.

Philip James Bailey

Life was meant to be lived, and curiosity must be kept alive.

Eleanor Roosevelt

A great change in life is like a cold bath in winter — we all hesitate at the first plunge.

Letitia Elizabeth Landon

Popular Topics

  • life
  • love
  • nature
  • time
  • god
  • power
  • human
  • mind
  • work
  • art
  • heart
  • thought
  • men
  • day
Lib Quotes

100% Sourced Quotes.

Our motto is: Don't quote it if you can't source it.

Contact us

Social Media

  • Facebook
  • Instagram
  • X (Twitter)
  • Pinterest

Recent

Predictions that didn't happen

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Subscribe to our Newsletter:
Quote of the Day
JS and WordPress
Subscribe
to RSS Feeds
© 2017-2025 LibQuotes
Terms of Use / Privacy Policy / About Us

Lib Quotes