Occupation: Economist Birth: February 9, 1943
Governments can enhance growth by increasing inclusiveness. A country's most valuable resource is its people. So it is essential to ensure that every….
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently..
What you measure affects what you do. If you don't measure the right thing, you don't do the right thing..
GDP tells you nothing about sustainability.
Development is about transforming the lives of people, not just transforming economies..
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism..
It is trust, more than money, that makes the world go round..
American inequality didn't just happen. It was created..
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs..
The reason that the invisible hand often seems invisible is that it is often not there..
I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where ….
When Donald Trump campaigned for president, he told the American people that he would be a different type of Republican, that he would take on the po….
Workers' rights should be a central focus of development..
I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person is an intelligent, r….
Climate change is a reality..
Drug companies spend more on advertising and marketing than on research, more on research on lifestyle drugs than on life saving drugs, and almost no….
Economists often like startling theorems, results which seem to run counter to conventional wisdom..
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many..
International lending banks need to focus on areas where private investment doesn't go, such as infrastructure projects, education and poverty relief..
Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank gov….
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one thing that money doesn't see….