Memoirs of an Unregulated Economist

Memoirs of an Unregulated Economist

In this witty and modest intellectual autobiography, George J. Stigler gives us a fascinating glimpse into the little-known world of economics and the people who study it.

Author: George J. Stigler

Publisher: University of Chicago Press

ISBN: 0226774406

Category: Business & Economics

Page: 228

View: 477

In this witty and modest intellectual autobiography, George J. Stigler gives us a fascinating glimpse into the little-known world of economics and the people who study it. One of the most distinguished economists of the twentieth century, Stigler was awarded the Nobel Prize in 1982 for his work on public regulation. He also helped found the Chicago School of economics, and many of his fellow Chicago luminaries appear in these pages, including Fredrich Hayek, Milton Friedman, Ronald Coase, and Gary Becker. Stigler's appreciation for such colleagues and his sense of excitement about economic ideas past and present make his Memoirs both highly entertaining and highly educational.
Categories: Business & Economics

The Endless Crisis

The Endless Crisis

Stigler, Memoirs of an Unregulated Economist,92, 162–63. George Joseph
Stigler, Kurt R. Leube, ... For systematic refutations of Stigler's point on Standard
Oil see Michael Perelman, Railroading Economics (New York: Monthly Review
Press ...

Author: John Bellamy Foster

Publisher: Monthly Review Press

ISBN: 9781583676790

Category: Business & Economics

Page: 224

View: 613

The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.
Categories: Business & Economics

Economists Lives

Economists  Lives

The insidiousness of autobiography is demonstrated, of course, by the fact that in
1985 Stigler himself capitulated to it, becoming the author of a volume titled
Memoirs of an Unregulated Economist. Reading Stigler's memoir, however,
suggests ...

Author: E. Roy Weintraub

Publisher: Annual Supplement to History o

ISBN: STANFORD:36105129853169

Category: Biography & Autobiography

Page: 402

View: 794

This collection of essays, a supplement to History of Political Economy, brings together prominent scholars from economics, sociology, literature, and history to examine the role of biography and autobiography in the history of economics. The first of its kind, this volume looks at the relevance of first-person accounts to narrative histories of economics. The essays consider both the potential and the limits of life writing, which has traditionally been used sparingly by historians of economics, and examine types of biographies, the relationship between autobiography and identity, and the writing of biography. Contributors to this collection question whether biography is essential to understanding the history of economic ideas and consider how autobiographical materials should be read and interpreted by historians. Articles consider the treatment of autobiographical materials such as conversations and testimonies, the construction of heroes and villains, the relationship between scientific biography and literary biography, and concerns related to living subjects. Several essays address the role of biography and autobiography in the study of economists such as F. A. Hayek, Harry Johnson, Alfred Marshall, John Maynard Keynes, Oskar Morgenstern, and François Quesnay, concluding with several accounts of the interconnection of the historians' projects with their own autobiographies. All 2007 subscribers to History of Political Economy will receive a copy of "Economists' Lives: Biography and Autobiography in the History of Economics" as part of their subscription. Contributors Roger E. Backhouse Bruce Caldwell Loïc Charles William Coleman Robert W. Dimand Paul John Eakin Ross B. Emmett Evelyn L. Forget Craufurd D. Goodwin Peter Groenewegen Malachi Haim Hacohen Jan-Otmar Hesse Patricia Laurence Frederic S. Lee Robert Leonard Tiago Mata D. E. Moggridge Jeremy D. Popkin Mike Reay Christine Théré E. Roy Weintraub
Categories: Biography & Autobiography

Where Economics Went Wrong

Where Economics Went Wrong

“Laissez-Faire—Policy-or-Circumstance?” Unpublished Draft Manuscript. Stigler,
George Joseph (1988a). Memoirs of an Unregulated Economist. New York: Basic
Books. Stigler, George Joseph (1988b). “Draft of Interview with George Stigler.

Author: David Colander

Publisher: Princeton University Press

ISBN: 9780691179209

Category: Business & Economics

Page: 288

View: 901

How modern economics abandoned classical liberalism and lost its way Milton Friedman once predicted that advances in scientific economics would resolve debates about whether raising the minimum wage is good policy. Decades later, Friedman’s prediction has not come true. In Where Economics Went Wrong, David Colander and Craig Freedman argue that it never will. Why? Because economic policy, when done correctly, is an art and a craft. It is not, and cannot be, a science. The authors explain why classical liberal economists understood this essential difference, why modern economists abandoned it, and why now is the time for the profession to return to its classical liberal roots. Carefully distinguishing policy from science and theory, classical liberal economists emphasized values and context, treating economic policy analysis as a moral science where a dialogue of sensibilities and judgments allowed for the same scientific basis to arrive at a variety of policy recommendations. Using the University of Chicago—one of the last bastions of classical liberal economics—as a case study, Colander and Freedman examine how both the MIT and Chicago variants of modern economics eschewed classical liberalism in their attempt to make economic policy analysis a science. By examining the way in which the discipline managed to lose its bearings, the authors delve into such issues as the development of welfare economics in relation to economic science, alternative voices within the Chicago School, and exactly how Friedman got it wrong. Contending that the division between science and prescription needs to be restored, Where Economics Went Wrong makes the case for a more nuanced and self-aware policy analysis by economists.
Categories: Business & Economics

Bulletin of the Atomic Scientists

Bulletin of the Atomic Scientists

PAUL DOTY, Nature paperback, $10.95 MEMOIRS OF AN UNREGULATED
ECONOMIST GEORGE J. STIGLER "Anyone even on the edge of economic
romance will find in these pages a refreshing bouquet." — ROBERT B. REICH,
Wall ...

Author:

Publisher:

ISBN:

Category:

Page: 48

View: 119

The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.
Categories:

Forever Contemporary The Economics of Ronald Coase

Forever Contemporary  The Economics of Ronald Coase

(2002) Famous Fables of Economics – Myths of Market Failure. Blackwells.
Stigler, G.J. (1966) The Intellectual and the Marketplace. Harvard University
Press. Stigler, G.J. (1988a) Memoirs of an Unregulated Economist. Basic Books.
Stigler ...

Author: Cento Veljanovski

Publisher: London Publishing Partnership

ISBN: 9780255367110

Category: Business & Economics

Page: 264

View: 287

Ronald Coase is one of the most important economists of the twentieth century. Amongst other great achievements, Coase taught us why firms exist and how we can better understand how to solve environmental problems. He also made a profound contribution to our understanding of the provision of so-called "public goods" and helped join the often distinct intellectual fields of law and economics. Coase coined the phrase "blackboard economics" to describe an approach to economics that involved ignoring what happens in practice and, instead, led the profession to obsess with theory. He once said: 'If economists wished to study the horse, they wouldn't go and look at horses. They'd sit in their studies and say to themselves, "what would I do if I were a horse?"'There is much that students, teachers, policymakers and regulators can learn from the economics of Ronald Coase, and he will, no doubt, provide a rich seam of material for decades to come. The authors of this short book have taken up the challenge. They apply Coase's ideas to a number of different areas of economics and, in doing so, provide a practical and very readable introduction to a number of topics that have direct relevance for regulation and for public policy.
Categories: Business & Economics

Goliath

Goliath

Stigler, Memoirs of an Unregulated Economist, p. 121. Stephen Breyer,
Regulation and Its Reform, pp. 382,389,394,396,431,449,459. Paul S. Calem, “
The New Bank Deposit Markets: Goodbye to Regulation Q,” Business Review,
Federal ...

Author: Matt Stoller

Publisher: Simon & Schuster

ISBN: 9781501183089

Category: Political Science

Page: 608

View: 354

A startling look at how concentrated financial power and consumerism transformed American politics, resulting in the emergence of populism and authoritarianism, the fall of the Democratic Party—while also providing the steps needed to create a new democracy. Americans once had a coherent and clear understanding of political tyranny, one crafted by Thomas Jefferson and updated for the industrial age by Louis Brandeis. A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.
Categories: Political Science

Biographical Memoirs

Biographical Memoirs

The 1982 Nobel Prize in economics . Science 218 : 65557 . Peltzman , S . 1993
... The New Palgrave : A Dictionary of Economics , vol . 4 , eds . J . Eatwell , M .
Milgate , and P ... Memoirs of an Unregulated Economist . New York : Basic
Books .

Author: National Academy of Sciences (U.S.)

Publisher:

ISBN: UOM:39015081510078

Category: Physicists

Page: 12

View: 443

List of papers contained in v. 1-9 is given in National Academy of Sciences. Proceedings ... Index ... 1915-24, 1926.
Categories: Physicists

The Austrian Economics Newsletter

The Austrian Economics Newsletter

These are all original essays , and although not Austrian , having them collected
in one place makes this the most definitive volume on political business cycles
ever produced . RH Memoirs of an Unregulated Economist George Stigler Basic
 ...

Author:

Publisher:

ISBN: IND:30000008311718

Category: Austrian school of economics

Page:

View: 152

Categories: Austrian school of economics

Ideology and Utopia in the Social Philosophy of the Libertarian Economists

Ideology and Utopia in the Social Philosophy of the Libertarian Economists

Memoirs The memoirs of the central figures in this study were an invaluable
source of information not only about the ... 1998 ) , and George Stigler ' s Memoirs
of An Unregulated Economist , ( Chicago : University of Chicago Press , 1989 ) .

Author: Rick Tilman

Publisher: Praeger

ISBN: STANFORD:36105110348823

Category: Business & Economics

Page: 196

View: 206

Challenging the libertarians' definition of freedom and democracy, this study portrays the social philosophy of Milton Friedman, James Buchanan, Friedrich Hayek, and George Stigler as the bulwark of an attack on welfare and regulatory state collectivism and as undermining democracy, civil liberties, and social equality. The book opens with Frank Knight's doctrines and their impact on the Chicago laissez faire economists, places libertarianism within the American tradition of empirical collectivism, and explores Friedrich Hayek's road-to-serfdom thesis. Posing problems of corporate power, it uses Friedman, Stigler, and Buchanan as examples of libertarian denial of these problems and, in a consideration of the debate between the New Left and Libertarian Right, contrasts their ideologies. The work concludes with a historical summing up that juxtaposes the recent past to the present and links libertarian materialiam with the growth of corporate hegemony.
Categories: Business & Economics

Economic Review

Economic Review

Memoirs of an Unregulated Economist Ideas , and the people who develop them
, even ... George Stigler has made seminal contribu - tions in an uncommonly
broad range of areas in the field of economics , including economic his - tory ,
price ...

Author: Federal Reserve Bank of Atlanta

Publisher:

ISBN: UOM:39015085561952

Category: Banks and banking

Page:

View: 103

Categories: Banks and banking

The Economist

The Economist

... corrupt consequences about particle physics and submitted their by volunteers
into a corporate entity ” , of unregulated ... line hung with her baby's nap
sometimes persuades even Indians and ceedings , memoir or other publicly avail
pies .

Author:

Publisher:

ISBN: UCR:31210024032946

Category: Commerce

Page:

View: 162

Categories: Commerce

The Economist s Handbook

The Economist s Handbook

Scott , Charles E . , " ' The Market for Ph . D . Economists : The Academic Sector ,
" American Economic Review ( May 1979 ) : 137 – 42 ... Stigler , George ,
Memoirs of an Unregulated Economist ( Chicago : University of Chicago Press ,
1985 ) .

Author: Thomas L. Wyrick

Publisher: Dame Publications

ISBN: STANFORD:36105111018425

Category: Business & Economics

Page: 256

View: 174

This text is a guide for doing economic research.
Categories: Business & Economics

George Mason University law review

George Mason University law review

The information problem is best understood if viewed through the lens of “
Austrian School ” economics . ... of Chicago economists during the 1930s and
thereafter is George J . Stigler , Memoirs of an Unregulated Economist 148 - 69 (
1988 ) .

Author:

Publisher:

ISBN: UCAL:B5090358

Category:

Page:

View: 951

Categories:

The Nobel Prize Economics Lectures

The Nobel Prize Economics Lectures

Samuelson published the fourteenth edition of Economics in 1992 ; Simon wrote
Models of Life , his autobiography in 1991 , and Stigler , Memoirs of an
Unregulated Economist in 1988 . Hayek published The Fatal Conceit : The Error
of ...

Author: William J. Zahka

Publisher:

ISBN: 1856280861

Category: Business & Economics

Page: 168

View: 959

This work provides brief biographical sketches of the 28 laureates in economics, together with an overview of each of their lectures, accompanied by selected quotes. The book aims to focus attention on how these lectures can be utilized as a source of economic knowledge.
Categories: Business & Economics

Business Week

Business Week

Karnow sees the two countries as Memoirs of an Unregulated Economist
softcovers this season . caught in a parent - child relationship , by George J.
Stigler ( Basic , $ 9.95 ) . WinFrom Beirut to Jerusalem by with the U. S. trying to
recreate ...

Author:

Publisher:

ISBN: UCSC:32106009122513

Category: Business

Page:

View: 308

Categories: Business

Journal of Economic Literature

Journal of Economic Literature

STIGLER , GEORGE J . Memoirs of an unregulated economist . ... Stigler
discusses how he got started ; his university life ; economics during the
Depression and World War II ; the National Bureau of Economic Research ;
scientific discovery ...

Author:

Publisher:

ISBN: UCSD:31822033810961

Category: Economics

Page:

View: 708

Categories: Economics

Economics as a Social Science

Economics as a Social Science

How Did Economics Get That Way and What Way Did It Get ? " Daedalus ( winter
) ... In Why Economics Is Not Yet a Science , edited by Alfred S . Eichner , 187 –
204 . Armonk , N . Y ... Memoirs of an Unregulated Economist . New York : Basic ...

Author: Andrew M. Kamarck

Publisher:

ISBN: STANFORD:36105110430282

Category: Business & Economics

Page: 224

View: 103

DIVRescues economic theory from mathematics, restoring a realistic approach to human motivations and behavior in the real world economy /div
Categories: Business & Economics

Kirkus Reviews

Kirkus Reviews

50 2 / 13 SBN : 02 - 928581 - X An unsparing audit of Kremlin finances , which
attests that voodoo economics has an Eastern variant . ... Moscow has tapped the
all - but - unregulated Eurobond market and made overtures to the IMF , which it
long disdained in favor of a rival ... 95 3 / 15 SBN : 8264 - 0428 - 6 The first
memoir of the 1988 presidential campaign - from the bow - tied Senator from
Illinois who ...

Author:

Publisher:

ISBN: UOM:39015064546735

Category: American literature

Page:

View: 178

Adult books are categorized by genre (i.e., fiction, mystery, science fiction, nonfiction). Along with bibliographic information, the expected date of publication and the names of literary agents for individual titles are provided. Starred reviews serve several functions: In the adult section, they mark potential bestsellers, major promotions, book club selections, and just very good books; in the children's section, they denote books of very high quality. The unsigned reviews manage to be discerning and sometimes quite critical.
Categories: American literature

The Political Theory of Conservative Economists

The Political Theory of Conservative Economists

Memoirs of an Unregulated Economist . New York : Basic Books , 1988 . “ Nobel
Lecture : The Process and Progress of Economics . " Journal of Political Economy
91 ( 1983 ) : 529-45 . “ The Politics of Political Economists . ” Quarterly Journal ...

Author: Conrad Waligorski

Publisher:

ISBN: UOM:39015017729024

Category: Chicago school of economics

Page: 260

View: 421

A study of the political theory that underlies the conservative economic thought of such economists as Milton Friedman, James Buchanan and Friedrich Hayek, and its implications for public policy. The author analyzes the political content of ideas that justify a laissez-faire policy.
Categories: Chicago school of economics