George J. Stigler (1911–1991)
Author of Theory of Price
About the Author
George Stigler was an American economist whose staunch support of the price system and competitive market forces made him one of the leading proponents of the "Chicago school" of economics. He was educated at the University of Washington, Northwestern University, and the University of Chicago. He show more taught at several universities, including Columbia University and the University of Chicago. Stigler's early interest was in the history of economic thought. His Essays in the History of Economics (1964), covering topics from utility theory to Fabian socialism, is a modern classic renowned for its clear, uncluttered style. His other classic work, The Theory of Price (1946), is a microeconomic text dealing with consumer behavior, prices, costs and production, monopoly, cartels, and the distribution of income. Stigler was well known for his interest in government regulation of public utilities and its impact on the consumer. His numerous studies led him to conclude that the regulator often becomes an advocate of, and spokesperson for, the industry, a development that tends to dilute the effectiveness of regulation. Regulation, in the long run, tends to weaken competition to the point where "it is of regulation that the consumer must beware." Stigler was awarded the Nobel Prize for his work on government regulation and the structure of industry. (Bowker Author Biography) show less
Works by George J. Stigler
The theory of competitive price, 2 copies
知识分子与市场 1 copy
Tagged
Common Knowledge
- Canonical name
- Stigler, George J.
- Other names
- Stigler, George Joseph (birth name)
- Birthdate
- 1911-01-17
- Date of death
- 1991-12-01
- Gender
- male
- Education
- University of Chicago (PhD|Economics|1938)
Northwestern University (MBA|1932)
University of Washington (AB|1931) - Occupations
- economist
university professor
libertarian - Organizations
- University of Chicago
Mont Pelerin Society - Awards and honors
- Nobel Prize (Economics, 1982)
National Medal of Science (1987) - Relationships
- Friedman, Milton (friend)
- Nationality
- USA
- Birthplace
- Seattle, Washington, USA
- Places of residence
- Seattle, Washington, USA
Chicago, Illinois, USA - Place of death
- Chicago, Illinois, USA
- Associated Place (for map)
- Illinois, USA
Members
Reviews
Some fundamental essays on the relation between individuals and the state. Though Stigler was an economic and social conservative, he wields his intellectual knife just as often against the right as against the left - he challenges any idea that is not grounded in evidence. Some of the essays are reprints of his statistical work on the effects (or absence of effects) of government regulations on the outcomes the regulations were intended to impact. These won him a Nobel Prize, but of course show more they are very dated studies today (some of the data is pre-WW2). A few of the essays are for a general audience: anyone interested in the limits of freedom in modern society. Stigler's prose is humorous and brimming with sharp observations. Stigler was a leader of the so-called Chicago School of economics. This label is often taken to mean conservative but it is more accurate to say that the School focused on empirical evidence concerning the functioning or malfunctioning of markets. show less
The work is a collection of 20 papers or essays representing a growing resurgence of political economy at the University of Chicago. After the origin of modern economics in the eighteenth century and authors such as Mill and Adam Smith, the field had largely fragmented into micro and macroeconomics. Economists largely sought value or motive free technical details. Beginning in the 1950s some efforts were made to look at (and perhaps predict) the effects of legislation and regulation on show more prices and markets.
These papers were originally published in various journals between 1968 and 1985, although some of them were updated or slightly expanded for this book. Stigler provides editing and an introduction as well as two of the papers. Overall the work addresses the impact of the political system on economics, studies about and some ideas toward a theory of regulation, and some proposals toward corrective policies.
While some later works contain summaries of the ideas presented, and some of the details in this work are dated, the very detail and references to emerging thought are important. As is usual in economic works, some of the mathematics is more complex than it need be, but this should at least be scanned by the serous student of the role of government and interest groups in the microeconomic areas. show less
These papers were originally published in various journals between 1968 and 1985, although some of them were updated or slightly expanded for this book. Stigler provides editing and an introduction as well as two of the papers. Overall the work addresses the impact of the political system on economics, studies about and some ideas toward a theory of regulation, and some proposals toward corrective policies.
While some later works contain summaries of the ideas presented, and some of the details in this work are dated, the very detail and references to emerging thought are important. As is usual in economic works, some of the mathematics is more complex than it need be, but this should at least be scanned by the serous student of the role of government and interest groups in the microeconomic areas. show less
ISBN: 0024174009. ***Theory of Price*** 4th Edition, by George J. Stigler.
Lists
Economics (3)
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Statistics
- Works
- 30
- Members
- 365
- Popularity
- #65,882
- Rating
- 3.7
- Reviews
- 4
- ISBNs
- 40
- Languages
- 3
- Favorited
- 1