
Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution
Source: Whither Socialism? (1994), Ch. 1 : The Theory of Socialism and the Power of Economic Ideas
Source: Economics after the crisis : objectives and means (2012), Ch. 2 : Financial Markets: Efficiency, Stability, and Income Distribution
Source: The Other Side Of The Coin (2008), Chapter 9, Square Versus Oblong, p. 284
“Adam Smith, the father of free-market economics,”
2013, Remarks on Economic Mobility (December 2013)
Context: It was Adam Smith, the father of free-market economics, who once said, “They who feed, clothe, and lodge the whole body of the people should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged.” And for those of you who don’t speak old-English let me translate. It means if you work hard, you should make a decent living. If you work hard, you should be able to support a family.
Interview on Bebbe Grillo's Blog http://www.beppegrillo.it/eng/2007/01/stiglitz.html, January 2007.
Source: Principles of Economics (1998-), Ch. 7. Consumers, Producers, and the Efficiency of Markets; p. 150
Source: Economics Of The Welfare State (Fourth Edition), Chapter 13, School Education, p. 318
“Even in financial markets, the concept of market efficiency does not hold.”
Part II, Chapter 8, The Dynamics of Unemployment, p. 176
The Death of Economics (1994)
Source: Debunking Economics - The Naked Emperor Of The Social Sciences (2001), Chapter 10, The Price Is Not Right, p. 216