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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 E Stiglitz
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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 E Stiglitz
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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 E Stiglitz
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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?
Joseph E Stiglitz
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I, like many members of my generation, was concerned with segregation and the repeated violation of civil rights.
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I went to public schools, and while Gary was, like most American cities, racially segregated, it was at least socially integrated - a cross section of children from families of all walks of life.
Joseph E Stiglitz
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I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard.
Joseph E Stiglitz
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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 E Stiglitz
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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 E Stiglitz
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I knew that discrimination existed, even though there were many individuals who were not prejudiced.
Joseph E Stiglitz
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I grew up in a family in which political issues were often discussed, and debated intensely.
Joseph E Stiglitz
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
Joseph E Stiglitz
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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 E Stiglitz
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