George Stigler was the 1982 laureate in Nobel Memorial Prize in Economic Sciences and is considered a key leader of the Chicago school of economics.
13 Facts About George Stigler
2.
George Stigler was of German descent and spoke German in his childhood.
3.
George Stigler taught at Iowa State College from 1936 to 1938.
4.
George Stigler spent much of World War II at Columbia University, performing mathematical and statistical research for the Manhattan Project.
5.
George Stigler served on the Columbia faculty from 1947 to 1958.
6.
Milton Friedman, a friend for over 60 years, commented that it was remarkable for George Stigler to have passed his dissertation under Knight, as only three or four students had ever managed to do so in Knight's 28 years at Chicago.
7.
George Stigler is best known for developing the Economic Theory of Regulation, known as capture, which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them.
8.
George Stigler carried out extensive research in the history of economic thought.
9.
George Stigler was known for his sharp sense of humor, and he wrote a number of spoof essays.
10.
George Stigler wrote numerous articles on the history of economics, published in the leading journals and republished 14 of them in 1965.
11.
George Stigler was a founding member of the Mont Pelerin Society and was its president from 1976 to 1978.
12.
George Stigler was elected to the American Philosophical Society in 1955, the American Academy of Arts and Sciences in 1959, and the United States National Academy of Sciences in 1975.
13.
George Stigler received the National Medal of Science in 1987.