Famous quote by Joseph Stiglitz

Mobile Desktop
If stability and efficiency required that there existed markets that extended infinitely far into the future - and these
Like

"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

About this Quote

This quote by Joseph Stiglitz is questioning the stability and efficiency of the capitalist system. He is recommending that if markets were to extend definitely far into the future, then the capitalist system would be more stable and efficient. Nevertheless, given that these markets do not exist, there is no assurance that the capitalist system is stable and efficient. Stiglitz is implying that the capitalist system is not as stable and efficient as it could be, which it could be enhanced if markets were to extend considerably far into the future. This quote highlights the need for further research and advancement into the capitalist system in order to guarantee its stability and performance.

About the Author

USA Flag This quote is written / told by Joseph Stiglitz somewhere between February 9, 1943 and today. He/she was a famous Economist from USA. The author also have 23 other quotes.

Go to author profile

Similar Quotes

Small: The tiger is a magnificent creature and one that is threatened by human activities on all fronts. It is up to
Peter Knights
"The tiger is a magnificent creature and one that is threatened by human activities on all fronts. It is up to us to protect this iconic species and ensure that it has a future in the wild"
Peter Knights, Activist
Small: Every time I see an adult on a bicycle, I no longer despair for the future of the human race - H.G. Wells
H.G. Wells
"Every time I see an adult on a bicycle, I no longer despair for the future of the human race"
H.G. Wells, Author
Small: The best way to predict the future is to create it - Peter Drucker
"The best way to predict the future is to create it"
Peter Drucker, Businessman
Small: Happy is the person who knows what to remember of the past, what to enjoy in the present, and what to plan for
Arnold H. Glasow
"Happy is the person who knows what to remember of the past, what to enjoy in the present, and what to plan for in the future"
Arnold H. Glasow, Businessman
Small: Forget the past - the future will give you plenty to worry about - George Allen, Sr.
"Forget the past - the future will give you plenty to worry about"
George Allen, Sr., Coach
Small: Without culture, and the relative freedom it implies, society, even when perfect, is but a jungle. This is why
Albert Camus
"Without culture, and the relative freedom it implies, society, even when perfect, is but a jungle. This is why any authentic creation is a gift to the future"
Albert Camus, Philosopher
Small: The German future lies in the hands of our Fuehrer - Hjalmar Schacht
Hjalmar Schacht
"The German future lies in the hands of our Fuehrer"
Hjalmar Schacht, Economist
Small: We cannot afford to lose any more species to extinction. It is our responsibility to protect and preserve the
Peter Knights
"We cannot afford to lose any more species to extinction. It is our responsibility to protect and preserve the natural world for future generations"
Peter Knights, Activist
Small: Everything you need for better future and success has already been written. And guess what? All you have to do
"Everything you need for better future and success has already been written. And guess what? All you have to do is go to the library"
Henri Frederic Amiel, Philosopher
Small: The trouble with the future is that is usually arrives before were ready for it - Arnold H. Glasow
Arnold H. Glasow
"The trouble with the future is that is usually arrives before we're ready for it"
Arnold H. Glasow, Businessman