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Jeffrey Sachs Biography

Jeffrey David Sachs (/sæks/; born November 5, 1954) is an American economist and director of the Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty. He is known as one of the world's leading experts on economic development and the fight against poverty.

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Jeffrey Sachs Quotes

There's a lot of strength in the U. S. , but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now.

Blow, Faces, Reality, Right, Strength

We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different.

1999, Bubble, Depression, Different, World

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

Care, Context, Needs, Principles, Specifics

There is no economic imperative that will condemn us to deplete our vital resource base, but neither is there an invisible hand that will prevent us from doing so.

Economic, Hand, Hands, Invisible, Invisible Hand, Resource

Our interconnectedness on the planet is the dominating truth of the 21st century. One stark result is that the world's poor live, and especially die, with the awareness that the United States is doing little to mobilise the weapons of mass salvation that could offer them survival, dignity and eventually the escape from poverty.

Result, Survival, Truth, Weapons

Our challenge, our generation's unique challenge, is learning to live peacefully and sustainably in an extraordinarily crowded world. Our planet is crowded to an unprecendented degree. It is bursting at the seams. It's bursting at the seams in human terms, in economic terms, and in ecological terms

Challenges, Extraordinarily, Our Generation, Seams, Unique, Unprecendented

The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.

Country, Drama, Economic, Political, Profound, Russia

We need to defend the interests of those whom we've never met and never will.

Defend, Interest, Interests, Met, Mets, Needs

All of the incessant debate about development assistance, and whether the rich are doing enough to help the poor, actually concerns less than 1% of rich world income. The effort required of the rich is indeed so slight that to do less is to announce brazenly to a large part of the world: 'You count for nothing. ' We should not be surprised, then, if in later years the rich reap the whirlwind of that heartless response.

Concerns, Count, Effort, Heartless, Help, Years

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided to borrow a bit more and do even better.

Borrow, Country, Financial, Philosophy, Successful

Russia has gone through eight years of continuing economic pain.

Economic, Eight, Gone, Pain, Russia

Globalization was a deep trend pushed by technology and right ideas, as much as anything else.

Deep, Ideas, Pushed, Technology, Trends

Devaluations are never easy.

Devaluations, Easy

History is written by the rich, and so the poor get blamed for everything.

Blamed, Poor, Rich, Rich And Poor, Written

It's not so unusual to run out of someone else's currency.

Currency, Philosophy, Political, Run, Running, Unusual

The idea that UN commitments should be followed by action is indeed a radical one, especially for the United States, where wilful neglect of its own commitments is the rule.

Commitment, Commitments, Ideas, Rule, United States, Wilful

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

Came, Imf, Intervened, Running, Runs, Thailand

Let the future say of our generation that we sent forth mighty currents of hope and that we worked together to heal the world.

Change, Future, Hope, Say, World

Deep down, if we really accept that their lives - African lives - are equal to ours, we would all be doing more to put the fire out. Its an uncomfortable truth.

Accept, Accepting, Deep, Equal, Fire

In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.

Doubt, Doubts, Issues, Sustainable, View, Views

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