#ff

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. ↗

— Joseph Stiglitz

#efficient #good #i #information #insight

I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are. ↗

— Joseph Stiglitz

#crystallize #different #economy #environment #granted

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

#capitalist #clearly #did #efficiency #exist

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. ↗

— Joseph Stiglitz

#devoid #different #differently #economic policy #fundamental

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

#around #both #centered #change #distribution

Let a bill, or law, be read, in the one branch or the other, every one instantly thinks how it will affect his constituents. ↗

— Ezra Stiles

#bill #branch #constituents #every #his

How can we live and die and never know the difference? ↗

— Clyfford Still

#difference #how #know #live #never

There are three things men can do with women: love them, suffer for them, or turn them into literature. ↗

— Stephen Stills

#literature #love #men #suffer #them

Some of the routines come back very easily. We do it off the top of our heads. ↗

— Jerry Stiller

#come #easily #heads #off #our

That was when Neil discovered Jack Nietzsche. They went off and pretty much came up with that by themselves, but I thought it was a great song, and I was more than happy to do my harmony parts on it. ↗

— Stephen Stills

#discovered #great #happy #harmony #i