George Stigler

Economics American 1911 – 1991 100 quotes

A Nobel laureate and leading figure of the Chicago School, known for his work on industrial organization and the economics of information.

Quotes by George Stigler

Economists are often accused of being cold and calculating, but we are simply trying to understand how the world works.

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The study of economics is a humbling experience.

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The greatest challenge for an economist is to make his theories relevant to the real world.

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The role of government in the economy should be limited to providing a framework for markets to operate efficiently.

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The history of economic thought is a rich source of insights into the human condition.

Essays in the History of Economics 1965

The economist's job is to clarify the choices facing society, not to make them.

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The market is a process of discovery.

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The most important thing an economist can do is to teach people to think like economists.

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The theory of human capital is one of the most important developments in economics in the last century.

The Nobel Memorial Lecture 1975

The pursuit of knowledge is an endless journey.

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The world is a complex place, and economics is a tool for understanding it.

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The best economic policy is one that promotes competition and innovation.

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The economist's greatest asset is his skepticism.

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The market is a mechanism for coordinating the actions of millions of individuals.

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The theory of information is essential for understanding modern economies.

The Economics of Information 1961

The purpose of economic research is to discover new knowledge.

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The economist's job is to shed light on the dark corners of the economy.

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The market is a powerful force for good, but it can also be a source of problems.

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The history of economic thought is a dialogue between different schools of thought.

Essays in the History of Economics 1965

The economist's most important tool is logic.

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