“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 E. Stiglitz

Autobiographical Essay (2001)

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Joseph E. Stiglitz 39

American economist and professor, born 1943. 1943

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“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?”

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Joseph E. Stiglitz 39

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