A Quote by Joseph Stiglitz
There must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.
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I think it is true to say that I am not the first Nobel Prize winner in economics to have little formal training in economics.
The Nobel Prize is worth $1.5 million, but that's not the issue. Do the distinguished scientists who win the Nobel Prize need the money? Probably not. The honor is more important the money, and that's the case with the prize for African leadership as well.
As a Nobel Prize winner I cannot but regret that the award was never given to Mark Twain, nor to Henry James, speaking only of my own countrymen. Greater writers than these also did not receive the prize. I would have been happy - happier - today if the prize had been given to that beautiful writer Isak Dinesen.
My first reaction on being awarded the Nobel Prize was, actually, I thought of Fischer Black, my colleague. He unfortunately had passed away. And there was no doubt in my mind that if he were still alive, he would have been a co-recipient of the Nobel Prize.
The Nobel Prize in Economics is an incredible recognition for the work that my students, colleagues and I have done over the years. We all worked hard, but we were also lucky that the financial applications were so important.
Two Americans have been awarded the Nobel Prize for Economics. They are the first to figure out all the charges on their telephone bill.
I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.
Probably the only people left who think that economics deserves a Nobel Prize are economists. It confirms their conceit that they're doing 'science' rather than the less tidy task of observing the world and trying to make sense of it. This, after all, is done by mere historians, political scientists, anthropologists, sociologists, and (heaven forbid) even journalists. Economists are loath to admit that they belong in such raffish company.
The biggest downside of my current job is that I have to wear a suit to work. Wearing uncomfortable clothes on purpose is an example of what former Princeton hockey player and Nobel Prize winner Michael Spence taught economists to call 'signaling.'
I think the Nobel Prize helps for a number of reasons. Number one, if I can be frank, there is these people will feel by getting a Nobel Prize that I'm one of them, that it is possible to contribute on the world map of science and technology. And the other thing also which I'm hoping for is that the government in Egypt is willing and interested in promoting science and technology and this is an ideal time now to be able to do something.
At the beginning of my sophomore year at Princeton University, I took my first economics course; our textbook was the first edition of Samuelson's 'Economics: An Introductory Analysis.'
The very first film I ever saw was during the war. My mother took me, I must have been about 4, and that was Beau Geste, with Gary Cooper.
I would like to work with my mate Gary Oldman again. I think Gary would be an interesting person to bring into 'Line Of Duty.'
Gary Oldman is my TV hero. The incredible thing about Gary Oldman is his versatility.
Arguably, my student status and perhaps my gender were also my downfall with respect to the Nobel Prize, which was awarded to Professor Antony Hewish and Professor Martin Ryle. At the time, science was still perceived as being carried out by distinguished men.
George Stigler Nobel laureate and a leader of Chicago School was asked why there were no Nobel Prizes awarded in the other social sciences, sociology, psychology, history, etc. "Don't worry", Stigler said, "they have already have a Nobel Prize in ...Literature"
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