stigler
George Stigler was the quintessential practical economist. Looking through his classic book The Theory of Price, one is in awe by how many principles of economics are illustrated with real data rather than hypothetical, made up examples. A professor at the University of Chicago, Stigler went on to win the Nobel Prize in economics in 1982. Although deceased Stigler deserves, probably more than any other economist, credit for getting economists to look at real data and evidence, as opposed to fictional statistics. Born in Seattle on January 17, 1911 Stigler was the only child of Joseph and Elizabeth Stigler, both immigrants who came to America; his father from Bavaria and his mother from Austria-Hungary. Stigler went to public schools as a child, and eventually attended college at the University of Washington in Seattle, receiving a B.A. in 1931. After graduating he applied for, and received, a fellowship for graduate study in the business school of Northwestern University, receiving his MBA in 1932 (nap.edu/gstigler). It was here at Northwestern that he decided on pursuing a career in economics. He returned to the University of Washington for one more year of graduate study, and then was awarded a scholarship to study economics a
Stigler also was president of the American Economic Association in 1964 and of the History of Economics Society in 1977. He was an editor of the Journal of Political Economy; established the Industrial Organization Workshop, which achieved recognition as the key testing ground for contributions to the field of industrial organization; and in 1977 he founded the Center for the Study of the Economy and the State, serving as its director until his death. Stigler and Margaret had three sons: Stephen, a professor of statistics at the University of Chicago; Joseph, a businessman; and David, a corporate lawyer. This, much like "The Economics of Information" caused a widespread concept of empirical studies of the effects of economic regulation. A very witty and comical man, Stigler left a deep and profound impression in the field of economics after his death in 1991, and has raised the bar for other economists to follow. Every article he wrote combined theoretical analysis with actual, relevant facts. Under economic regulation, Stigler was struck by the absence of any quantitative studies of the actual effect of government regulation for the protection of the public (nobel. Finally, The Organization of Industry, written in 1968, is basically a reprinting of 17 articles Stigler wrote over the past two decades in the area of industrial organization (nap. "The Economics of Information" is the title of a seminal article, written in 1961, that gave birth to an essentially new area of study for economists.
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