George Stigler
George Stigler
George Joseph Stiglerwas a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with Milton Friedman...
NationalityAmerican
ProfessionEconomist
Date of Birth17 January 1911
CountryUnited States of America
economists exert influence minor scarcely societies
Economists exert a minor and scarcely detectable influence on the societies in which they live
weed flower competition
Competition is a tough weed, not a delicate flower.
issues mind intellectual
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.
competition challenges citizens
The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.
yield chicago economic
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.
money moving car
Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for the first time in their lives were emancipated from common public carriers and could live where they wanted, move at the hours they wanted, to the places they wanted. Ford collected a billion bucks, but that was peanuts compared to the benefits.
directors fierce cliche
My interests were aroused, and my faith in the cliches of the subject destroyed, as so often with other subjects, by the discussions with my friend, Aaron Director.
training chicago graduates
My main graduate training was received at the University of Chicago from which I received the Ph.D. in 1938.
science intense sociology
That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more intense as the questions raised by the sociology of science became more prominent.
science numbers forever
And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists.
teaching college iowa
My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman.
regulation study 1960s
It was in the 1960s that I began the detailed study of public regulation.
topics size survivor
In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics.