YouSaid · the spoken record

Joseph Stiglitz

lines on the record: 56
first: 2024-06-26
most recent: 2024-06-26
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“It had an enormous influence. Debating was a valuable skill in terms of organizing ideas, making you see both sides of the topic because the peculiar way that debating is organized in our high schools is you have to take both sides. You don't know until you go to a debating tournament are you on one side or the other? And of course after you study a topic, you may wind up on one side, but you have to be able to think to understand the other side so well that you can even present their argument. And so that's a really important skill. The other aspect of debating that was really important for me as I was growing up is it really got me interested in economics and public policy issues. I still remember one of the”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source
“No, every lecture is a learning experience for me. I learn often questions will stimulate me. Other developments of the idea, other aspects I hadn't thought of. Most importantly, I come to understand better the mindset of the listener, how they think about the topic, and then what are the difficulties, obstacles they have to understanding my perspective. In future lectures, then I can adapt my presentations to better reflect how they're seeing the world. And hopefully do a better job of explaining. This is really part of the art of pedagogy, the art of teaching.”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, that was one of the ideas in that long, long lecture. And the lecture could then get published in about four or five different papers. And one of the papers was Sandy Grossman was an articulation of that unanimity theorem. That theorem said, what were the conditions under which all shareholders would agree with each other, regardless of what their beliefs were or perceptions, just like if they knew what prices were. And the answer was very, very restrictive conditions.”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, I did. I did. I did have. They understood me. They understood the major themes. Much of what I was talking about was mathematical. And it was a more mathematically trained audience. So they could follow the scribbles. But I also think they could follow the idea. One of the ideas was whether a firm that maximized its value, if all firms did that, would that lead to the well-being of society, the well-being of welfare and the result of that was that shareholder value maximization did not in general lead to welfare maximization.”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source
“It's easier to lecture than to listen for eight hours. I didn't understand that then, but I now understand that a little bit better, easier to talk than to listen.”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, actually, not those two pieces, but a series of pieces on corporate governance and market value maximization came from an eight-hour lecture I gave in Koney, Japan.”
2024-06-26 · Conversations with Tyler · Joseph Stiglitz on Pioneering Economic Theories, Policy Challenges, and His Intellectual Legacy · IDENTIFIED FROM THE TRANSCRIPT · source