Word: stigler
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...book, A New Democracy, chapter epigraphs are pulled from Democratic heroes (Kennedy and Franklin Roosevelt) but also from free-market Economists Adam Smith and George Stigler. Hart's hybrid ideology is bracing...
Unlike past laureates, like George Stigler, the 1982 winner who has been critical of government regulation, Debreu is purely a theorist. "We have never before awarded the prize for contributions of such pure basic research," said Assar Lindbeck, chairman of the five-member Nobel committee. Notes Bent Hanson, chairman of the Berkeley economics department: "Gerard Debreu is an economist's economist. His work is very abstract, very fundamental. But everyone in the profession quotes him and must demonstrate that they know his work...
Asked about supply-side economics, Stigler said: "It's not an orthodox economic category. It's a gimmick." With that, press aides abruptly concluded the briefing as reporters shouted, "Let him speak! Let him speak...
Reaction to Stigler's remarks was mixed. "I think he was too flippant," said Republican Senator Charles Percy. "He misused the platform he was given." Interviewed on the campaign trail in Casper, Wyo., Reagan did not seem to understand what all the fuss was about. Said he blithely: "He wasn't talking about our program...
When University of Chicago Professor George Stigler travels to Stockholm next month to accept the Nobel Prize, he will experience firsthand a bittersweet phenomenon of the U.S economy. Stigler's Nobel Prize carries a cash award of 1.15 million Swedish kroner, which until only a few weeks ago was the equivalent of $182,000. Since then the Swedish government, pressed by the rising value of the U.S. dollar as well as its own economic problems, has devalued the krona. When Stigler finally receives his award, he will actually get only about...