So the theory asks, how can shareholders ascertain what the firm's real prospects are when they have less information, ... It's a pervasive aspect of modern economies.
More Quotes from Joseph Stiglitz:
We did not have to fight this war, and we did not have to go to war when we did. We could have waited until we had more safe body armor and we chose not to wait.Joseph Stiglitz
The question is whether it'll be a stable country, will it be a country in which a diversity of views, open transparency, women's rights are recognized. The likelihood of that remains very low.
Joseph Stiglitz
Macroeconomic policy can never be devoid of politics it involves fundamental trade-offs and affects different groups differently.
Joseph Stiglitz
China's growth has been export-based, but it may be difficult for it to sustain the pace of export growth.
Joseph Stiglitz
China has been selling a lot of goods to the West, particularly to the US, but at the same time it has been providing the money to provide the goods.
Joseph Stiglitz
The question is whether some of the fears of last year will be realized this year. There is strong reason to worry.
Joseph Stiglitz
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