I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are.
More Quotes from Joseph E. Stiglitz:
The notion that every well educated person would have a mastery of at least the basic elements of the humanities, sciences, and social sciences is a far cry from the specialized education that most students today receive, particularly in the research universities.Joseph E. Stiglitz
Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation.
Joseph E. Stiglitz
Amherst is a liberal arts college, committed to providing students with a broad education.
Joseph E. Stiglitz
My work on the economics of uncertainty led naturally to the work on information asymmetries, and more generally, imperfect information.
Joseph E. Stiglitz
I went to Amherst because my brother had gone there before me, and he went there because his guidance counselor thought that we would do better there than at a large university like Harvard.
Joseph E. Stiglitz
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