"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.
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.
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