Under the rule of law, if the government wants to prevent firms from outsourcing and offshoring, it enacts legislation and adopts regulations to create the appropriate incentives and discourage undesirable behaviour. It does not bully or threaten particular firms or portray traumatised refugees as a security threat.

A lot of my book, 'The Price of Inequality,' is about why there has been an increase in rent-seeking.

The Paris climate agreement may be a harbinger of the spirit and mindset needed to sustain genuine global cooperation.

Joseph Stiglitz Quotes