The branch of economics dealing with how to enrich a new nation was actually forbidden by the courts, on the grounds that no university could pay for the damage its teachers did.
George Stigler Quotes
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised.
- Sir Pelham WarnerAdvertising is selling Twinkies to adults.
- Donald R. VanceThe struggle of the male to learn to listen to and respect his own intuitive, inner prompt...
- Herb GoldbergEach generation of the church in each setting has the responsibility of communicating the ...
- Francis SchaefferEach had defended his own country; the Germans Germany, the Frenchmen France; they had don...
- Ernst TollerComments on: "George Stigler Quotes: Even before I came to Chicago, I had gotten interested in the existence..."
Birth: | 17th January, 1911 |
Death: | 1st December, 1991 |
Nationality: | American |
Profession: | Economist |
George Joseph Stigler was born in Seattle, Washington, USA. He was an American economist. He won the Nobel Memorial Prize in Economic Sciences in 1982. He received National Medal of Science in 1987. He was a key leader of the Chicago School of Economics, along with Milton Friedman. He earned a B.A. degree from the University of Washington in 1931. He obtained his M.B.A. degree from the Northwestern University in 1932. He earned his Ph.D. in economics from the University of Chicago in 1938. He taught as a professor of Economics at Iowa State College, Brown University, Columbia University, and University of Chicago from 1958-91. He is best known for developing the Economic Theory of Regulation, also known as capture, which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them. This theory is a component of the public choice field of economics. He wrote several books include: Production and Distribution Theories, The Theory of Competitive Price, The Intellectual and the Market Place, and Memoirs of an Unregulated Economist(autobiography).
Related Authors
Advertisement
Today's Anniversary - 25th December
Births
- 1971 - Terry Vaughn
- 1642 - Sir Isaac Newton
- 1975 - Rob Mariano
- 1946 - Larry Csonka
- 1949 - Sissy Spacek
Deaths
- 1995 - Dean Martin
- 1935 - Paul Bourget
- 1989 - Alfred Manuel Martin Jr
- 1635 - Samuel De Champlain
- 1954 - Liberty Hyde Bailey
Quote of the day
Popular Topics
About Quoteswave
Our mission is to motivate, boost self confiedence and inspire people to Love life, live life and surf life with words.
Share with your friends