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Invitations to the White House are de rigueurfor Nobel prizewinners, but candor in the White House press room is not. Thus there were more than a few red faces at 1600 Pennsylvania Avenue last week when conservative University of Chicago Economist George Stigler, 71, after a little chat with President Reagan in the Oval Office, was led into the briefing room for a few minutes with reporters. Someone half-heartedly asked the new Nobel laureate what he thought of Reaganomics. The professor, who is said to be a tough grader back home, lived up to his reputation, saying that...

Author: /time Magazine | Title: Chicago Economist George Stigler: Maybe an Incomplete | 11/8/1982 | See Source »

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