Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for the first time in their lives were emancipated from common public carriers and could live where they wanted, move at the hours they wanted, to the places they wanted. Ford collected a billion bucks, but that was peanuts compared to the benefits.
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times.… - George Stigler
The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times.…
- George Stigler
Stigler's Law: No scientific discovery is named after its original discoverer. - George Stigler
Stigler's Law: No scientific discovery is named after its original discoverer.
There is only one social science and we are its practitioners - George Stigler
There is only one social science and we are its practitioners
Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursu… - George Stigler
Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursu…
Competition is a tough weed, not a delicate flower. - George Stigler
Competition is a tough weed, not a delicate flower.
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yie… - George Stigler
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yie…
The main insight learned from interdisciplinary studies is the return to specialization - George Stigler
The main insight learned from interdisciplinary studies is the return to specialization
Friedman stumbled in, late to the seminar as usual and reeking of cigar smoke and whiskey. He hadn't read the paper being presented, and halfway thro… - George Stigler
Friedman stumbled in, late to the seminar as usual and reeking of cigar smoke and whiskey. He hadn't read the paper being presented, and halfway thro…
Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for t… - George Stigler
Henry Ford made a lot of money making cars at one time, but that was a small advantage to him compared to the benefit to millions of people who for t…
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