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.
From Joseph Stiglitz
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.
I knew that discrimination existed, even though there were many individuals who were not prejudiced.
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief.
10 perspectives
5 perspectives
4 perspectives
1 perspectives