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Books > History > History of specific subjects > Economic history
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George Stigler - Enigmatic Price Theorist of the Twentieth Century (Hardcover, 1st ed. 2020)
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George Stigler - Enigmatic Price Theorist of the Twentieth Century (Hardcover, 1st ed. 2020)
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George Stigler (1911-1991) was unquestionably one of the post-war
giants of the economics profession. Along with such compatriots as
Milton Friedman, Aaron Director, Gary Becker and others at Chicago,
he would manage to radically reshape the contours of the
discipline, engineering a virtual counter-revolution against the
previous post-war consensus. Stigler essentially pioneered the
fields of industrial organisation and regulatory economics while
contributing landmark studies to the history of economic thought.
George Stigler was awarded a much-deserved Nobel Prize in 1982. At
heart always a shy boy from the provinces, defending himself and
his beliefs against the demands of a more wicked and devious world,
he remained one of the only truly inscrutable figures in the
history of modern economics. A kind, deeply caring family man, he
fended off those outside his inner circle by employing a razor
sharp, and often cruel, wit, keeping friends, colleagues and
especially enemies at an arm's distance. "... [there was] the
student who came to George complaining that he didn't deserve the
'F' he'd received in George's course. George agreed but explained
that 'F' was the lowest grade the administration allowed him to
give." Many who had the fortune, or misfortune, of coming within
the range of his sharp tongue, even in the seeming context of an
innocent encounter, would bear the scars of that contact for years
to come. "With a paper like this, [delivering it] under the table,
would not be inappropriate." This volume is then one of the first
to shed light on an entirely enigmatic figure by approaching both
the man and his work from very divergent and original perspectives.
Whether it succeeds is up to the whims of the reader. Or as George
Stigler was wont to say, "Let the chips fall where they may."
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