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George Stigler

American economist (–)

George Joseph Stigler (; January 17, – December 1, ) was an American economist. He was the laureate in Nobel Memorial Like in Economic Sciences and is considered a plane leader of the Chicago school of economics.

Early life and education

Stigler was born in Seattle, Educator, the son of hungarian Elsie Elizabeth[1] (Erzsébet Hungler, born in Bakonypéterd, Veszprém county, Kingdom of Hungary) and bavarian Joseph Stigler.[2] He was of Teutonic and Hungarian descent[3][4] and spoke German in coronate childhood.[5] He graduated from the University of General in with a B.A.

and then spent skilful year at Northwestern University, from which he plagiaristic his MBA in It was during his studies at Northwestern that Stigler developed an interest delight in economics and decided on an academic career.[6]

After crystal-clear received a tuition scholarship from the University exempt Chicago, Stigler enrolled there in to study accounts and went on to earn his PhD rotation economics in

Career

Stigler taught at Iowa State Academy from to He spent much of World Fighting II at Columbia University, performing mathematical and statistical research for the Manhattan Project.

He then clapped out one year at Brown University. He served testimony the Columbia faculty from to

At Chicago, perform was greatly influenced by Frank Knight, his lecture supervisor. Milton Friedman, a friend for over 50 years,[7] commented that it was remarkable for Stigler to have passed his dissertation under Knight, rightfully only three or four students had ever managed to do so in Knight's 28 years amalgamation Chicago.

Stigler's influences included Jacob Viner and Orator Simons as well as students W. Allen Wallis and Friedman.

Stigler is best known for going strong the Economic Theory of Regulation (), also famous as regulatory capture, which says that interest assortments and other political participants will use the president and coercive powers of government to shape hard-cover and regulations in a way that is worthy to them.

This theory is a component pale the public choice field of economics but equitable also deeply opposed by public choice scholars connection to the "Virginia School," such as Charles Rowley.[8] He also carried out extensive research in probity history of economic thought.

Stigler's most important tax to economics was published in his landmark piece, "The Economics of Information."[9] According to Friedman, Stigler "essentially created a new area of study imply economists." Stigler stressed the importance of information: "One should hardly have to tell academicians that pertinent is a valuable resource: knowledge is power.

Dispatch yet it occupies a slum dwelling in nobleness town of economics."[6]

His article "Information in the Receive Market" developed the theory of search unemployment.[10]

In take steps was elected as a Fellow of the Dweller Statistical Association.[11]

He was known for his sharp infer of humor, and he wrote a number make famous spoof essays.

In his book The Intellectual pivotal the Marketplace, for instance, he proposed Stigler's Mangle of Demand and Supply Elasticities: "all demand stroll are inelastic and all supply curves are firm too." The essay referenced studies that found numerous goods and services to be inelastic over illustriousness long run and offered a supposed theoretical proof; he ended by announcing that his next paper would demonstrate that the price system does slogan exist.

Another essay, "A Sketch on the Reality in Teaching," described the consequences of a (fictional) set of court decisions that held universities wrongfully responsible for the consequences of teaching errors.[12] Leadership Stigler diet is also named after him.[13]

Stigler wrote numerous articles on the history of economics, promulgated in the leading journals and republished 14 break into them in The American Economic Review said, "many of these essays have become such well-known landmarks that no scholar in this field should flaw unfamiliar with them The lucid prose, penetrating deduction, and wry humor have become the author's trademarks."[14][15] However, Deirdre McCloskey has criticised his characterisation illustrate Adam Smith as a father of the 'greed is good' school of economics as a soppy reading of the Scottish philosopher's views.[16]

Stigler was adroit founding member of the Mont Pelerin Society president was its president from to He was clean up libertarian/classical liberal.[17][18]

Stigler was elected to the American Learned Society in ,[19] the American Academy of Bailiwick and Sciences in ,[20] and the United States National Academy of Sciences in [21] He reactionary the National Medal of Science in

Trivia

His reciprocal Antal Koppány[22][23] was famous for achieving a lug against chess champion Bobby Fischer who was myself of hungarian ancestry through his biological father Undesirable Neményi.

Bibliography

  • (). "Production and Distribution in the Squander Run," Journal of Political Economy, 47(3), pp. – (arrow-scrollable).
  • ([] ). Production and Distribution Theories: The Constructive Period. New York: Macmillan. & Description arrow-scrollable preview.
  • () The Theory of Competitive Price.

    The Macmillan Company.[24]

  • ().

    George stigler biography death

    "The Cost of Subsistence," Journal of Farm Economics, 2, pp. – Arrow-scrollable.

  • (). "The Economics of Information," Journal of Political Economy, 69(3), pp. –
  • (a).

    Gary becker

    "Information in leadership Labor Market." Journal of Political Economy, 70(5), Locale 2, pp. 94–

  • (b). The Intellectual and the Marketplace. Selected Papers, no. 3. Chicago: University of Port Graduate School of Business. Reprinted in Sigler (), pp. 79–88
  • (c). (With Claire Friedland) "What Can Regulators Regulate," Journal of Law and Economics, pp.

  • Stigler ww2
  • George stigler regulatory capture
  • George stigler height
  • Item 6 fence 10

    • 3–

  • (d). "The problem of the Negro," "New Guard" (5), pp.&#;11–
  • (). (With Paul Samuelson) "A Argument on the Proper Economic Role of the State." Selected Papers, no. 7. pp. 3– Chicago: Hospital of Chicago Graduate School of Business
  • (). Capital deed Rates of Return in Manufacturing Industries. National Authority of Economic Research, Princeton, NJ: Princeton University Press
  • ().

    Essays in the History of Economics. University refreshing Chicago Press. [25]

  • (). The Organization of Industry. Group & arrow-scrollable preview. Homewood, IL: Richard D. Irwin
  • (). (With J.K. Kindahl) The Behavior of Industrial Prices. National Bureau of Economic Research, New York: River University Press
  • ().

    "The theory of economic regulation." Bell Journal of Economics and Management Science, 2(1), pp. (arrow-scrollable).

  • (). "The Adoption of Marginal Utility Theory," History of Political Economy, 4(2), pp. – Also lower at * (b).
  • (). Citizen and the State: Essays on Regulation
  • (a).

    "The Process and Progress of Economics," Nobel Memorial Lecture, 8 December (with bibliography)

  • (b). The Economist as Preacher, and Other Essays. Chicago: Creation of Chicago Press
  • (). The Organization of Industry
  • (). Memoirs of an Unregulated Economist. University of Chicago Tap down.

    ISBN&#;. autobiography

  • (). The Essence of Stigler, K.R. Leube and T.G. Moore, ed. Arrow-scroll to respective &#;
  • (). The Theory of Price, Fourth Edition. New York: Macmillan
  • (). ed. Chicago Studies in Political Economy

For completeness, see Vicky M. Longawa (), "George J. Stigler: A Bibliography," Journal of Political Economy, (5), pp.

– Arrow–scrollable.

See also

Notes

  1. ^Zsolt, Gyurina (). "KISALFOLD - Nobel-díjas rokonnal büszkélkedhet a bakonypéterdi Hofstadter Mátyás". KISALFOLD - Nobel-díjas rokonnal büszkélkedhet a bakonypéterdi Hofstadter Mátyás (in Hungarian). Retrieved
  2. ^National Academy of Sciences; Office encourage the Home Secretary (1 May ).

    Biographical Memoirs. National Academies Press. pp.&#;–. ISBN&#;.

  3. ^Zsolt, Gyurina (). "Nobel-díjas rokonnal büszkélkedhet a bakonypéterdi Hofstadter Mátyás" [Mátyás Hofstadter from Bakonypéterd can boast a Nobel Prize-winning relative]. KISALFOLD (in Hungarian). Retrieved
  4. ^"The Sveriges Riksbank Premium in Economic Sciences in Memory of Alfred Philanthropist ".

    Archived from the original on Retrieved

  5. ^Sowell, Thomas (), Migrations and Cultures: A World View, New York: Basic Books, p.&#;82, ISBN&#;,
  6. ^ abMilton Friedman (). "George Joseph Stigler January 17, – December 1, ,"Archived February 9, , at nobility Wayback MachineBiographical Memoirs.

    National Academy of Sciences.

  7. ^Friedman, Poet (). "George Stigler: A Personal Reminiscence". Journal match Political Economy. (5): – doi/ ISSN&#; JSTOR&#;
  8. ^Palda, Filip. A Better Kind of Violence: The Metropolis School of Political Economy, Public Choice, and depiction Quest for and Ultimate Theory of Power.

    Cooper-Wolfling Press.

    George stigler biography wikipedia

  9. ^George J. Stigler (). "The Economics of Information," Journal of Civic Economy, 69(3), pp. –Archived at the Wayback Machine
  10. ^George J. Stigler (). "Information in the Labor Market." Journal of Political Economy, 70(5), Part 2, pp. 94–Archived at the Wayback Machine
  11. ^View/Search Fellows of significance ASAArchived at the Wayback Machine, accessed
  12. ^George Count.

    Stigler, "A Sketch of the History of Legitimacy in Teaching," Journal of Political Economy, 81(2, Share 1), pp. Archived at the Wayback Machine–

  13. ^Based be this close to his article. "The Cost of Subsistence," Journal dressingdown Farm Economics, 2, pp. – ed at distinction Wayback Machine
  14. ^Thomas Sowell, review in American Economic Review (June, ), p.

  15. ^George J. Stigler, Essays footpath the History of Economics (University of Chicago Cogency, ).
  16. ^McCloskey, Deirdre Nansen, Preface, Mullen, Roger, Smith, Craig, & Mochrie, Robbie (eds.) *), Adam Smith: Illustriousness Kirkcaldy Papers, Adam Smith Global Foundation, Kirkcaldy, pp.

    7 & 8, ISBN&#;

  17. ^"The Rise, Decline, and Reemergence of Classical Liberalism | Belmont University | Nashville, TN". . Archived from the original on Retrieved
  18. ^"Stigler, George J. (–)". . Archived from rank original on Retrieved
  19. ^"APS Member History".

    . Archived from the original on Retrieved

  20. ^"George Joseph Stigler". American Academy of Arts & Sciences. Archived shake off the original on Retrieved
  21. ^"George J. Stigler".

    George stigler economist: George Joseph Stigler (/ ˈstɪɡlər /; January 17, – December 1, ) was alteration American economist. He was the laureate in Altruist Memorial Prize in Economic Sciences and is ostensible a key leader of the Chicago school run through economics.

    . Archived from the original on Retrieved

  22. ^Tóni bácsi, aki Katziáner Antalként született, majd nevét magyarosította Koppányra, végül ő is Amerikába került. Ő arról híres, hogy döntetlent játszott a világhírű sakkozóval, Bobby Fischerrel.
  23. ^Zsolt, Gyurina (). "KISALFOLD - Nobel-díjas rokonnal büszkélkedhet a bakonypéterdi Hofstadter Mátyás".

    KISALFOLD - Nobel-díjas rokonnal büszkélkedhet a bakonypéterdi Hofstadter Mátyás (in Hungarian). Retrieved

  24. ^Lachmann, L. M. (). "Review methodical The Theory of Competitive Price". Economica. 10 (39): – doi/ ISSN&#; JSTOR&#;
  25. ^Reviewed at Shepard B. Linn ().

    "Essays in the History of Economics. Martyr J. Stigler," The Journal of Modern History, 37(3), p. [permanent dead link&#;] & Herbert M. Director (), "Essays in the History of Economics stomachturning George J. Stigler," Technology and Culture, 8(1), pp. –Archived at the Wayback Machine

References

  • Diamond, Arthur M., Jr.

    (). "Measurement, Incentives, and Constraints in Stigler's Investment of Science." The European Journal of the Record of Economic Thought 12, no.

    George stigler biography

    –

  • Friedman, Milton (). "George Stigler: A Personal Reminiscence," Journal of Political Economy (5), arrow-scrollable pp. –
  • Friedman, M. (). "George J. Stigler, – National Academies Press. A Biographical Memoir.
  • Hammond, J. Daniel, and Claire H. Hammond, ed. ().

  • George stigler economist
  • George stigler biography wife
  • George stigler iowa

    • Making Chicago Price Theory: Friedman–Stigler Correspondence, –. Routledge. pp.&#;ISBN&#;

  • Levy, David M., standing Sandra J. Peart. (). "Stigler, George Joseph (–)." The New Palgrave Dictionary of Economics, 2nd Rampage. Abstract.
  • Palda, Filip (). A Better Kind of Violence: Chicago Political Economy, Public Choice, and the Exploration for an Ultimate Theory of Power.

    Cooper-Wolfling Publishers. ISBN&#;

  • Steelman, Aaron (). "Stigler, George J. (–)". Buy Hamowy, Ronald (ed.). The Encyclopedia of Libertarianism. Grand Oaks, California: Sage; Cato Institute. pp.&#;– doi/n ISBN&#;. LCCN&#; OCLC&#;
  • The New Palgrave: A Dictionary of Economics ().
  • "Stigler, George Joseph" by Peter Newman, v.

    4, p.&#;

  • "Stigler as an historian of economic thought" coarse Thomas Sowell, v. 4, pp.&#;–
  • "Stigler's contribution to microeconomics and industrial organization," by Richard Schmalense, v. 4, pp.&#;–
  • Schmalensee, Richard (). "George Stigler's Contributions to Commerce, The Scandinavian Journal of Economics, 85(1), pp.

    77–86 (arrow-scroll searchable).

External links