The life prospects of an American are more dependent on the income and education of his parents than in any of the other advanced industrial countries.
Joseph StiglitzDevelopment is about transforming the lives of people, not just transforming economies.
Joseph StiglitzThe budgetary cost to the UK of the wars in Iraq and Afghanistan through 2010 will total more than ยฃ18 billion. If we include the social costs the total impact will exceed ยฃ20 billion.
Joseph StiglitzI'm writing from New Zealand - a country that decided from the beginning that the War was wrong, and chose not to participate in Iraq War.
Joseph StiglitzMost people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.
Joseph StiglitzTwenty per cent of American children grow up in poverty, and that means they get inadequate nutrition, inadequate health care, and because we have a very local education system, they get inadequate access to education. With those as a starting base, you perpetuate inequality. That's why, here in New York, Mayor de Blasio has made a big deal of trying to focus on preschool education, because by five years old, there are already huge differences. We've finally begun to recognize it.
Joseph Stiglitz