George Stigler
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
The theory of regulation is a theory of how political processes shape economic outcomes.
The market is a system of incentives and disincentives.
The economist's job is to make the complex simple, but not simplistic.
The history of economic thought is a testament to the enduring power of ideas.
The market is a mechanism for allocating scarce resources.
The economist's job is to understand the unintended consequences of policies.
The theory of price is a theory of how markets work.
The market is a powerful engine of economic growth.
The economist's job is to bring rigor and clarity to the study of human behavior.
The history of economic thought is a story of progress and setbacks.
The rise of the economist as a public figure reflects the growing importance of economic policy in modern society.
Regulation is often the product of the self-interest of the regulated industry.
Economics is the art of making the most of what we have.
The market is a mechanism for coordinating the actions of millions without central command.
Intellectual progress in economics comes from questioning established doctrines.
One of the great mistakes is to judge policies and programs by their intentions rather than their results.
The role of government in the economy should be minimal, lest it stifle innovation.
Empirical evidence is the ultimate arbiter in economic theory.
Monopoly power is rarely permanent in a competitive world.
The consumer is sovereign, but only if information is perfect.