The unifying theme of Essays on the History of Economics may not be obvious from simply looking at its table of contents. The volume has four essays. Willie Henderson and Warren Samuels write on “The Etiology of Adam Smith’s Division of Labor: Alternative Accounts and Smith’s Methodology Applied to Them” with an appendix by Henderson on “How Does Smith Achieve a Synthesis in Writing?
Stigler George J 1965 Essays in the History of Economics Chicago The University from ECONOMICS 114 at Finance University under the Government of the Russian Federation.
Stigler's early interest was in the history of economic thought. His Essays in the History of Economics (1964), covering topics from utility theory to Fabian socialism, is a modern classic renowned for its clear, uncluttered style. His other classic work, The Theory of Price (1946), is a microeconomic text dealing with consumer behavior, prices.
THE ECONOMICS OF INFORMATION' GEORGE J. STIGLER University of Chicago ONE should hardly have to tell acad-emicians that information is a v aluable resource: knowledge is power. And yet it occupies a slum dwell-ing in the town of economics. Mostly it is ignored: the best technology is assumed to be known; the relationship of com-.
This chapter discusses George Stigler’s “The Theory of Economic Regulation,” a stinging analysis of regulation from a political economy perspective. Published in 1971, Stigler’s paper challenged the idea that regulation is designed and operated primarily for the benefit of business, rather than solely to advance the overall public interest by correcting market failures.
Stigler’s understanding of economic science, viewed from a Knightian perspective, illustrates the evolution of economic science in twentieth-century neoclassical economics in two respects.
Economic history combines the skills of the economist and statistician with those of the historian, political scientist and sociologist. The programme provides a broad training in social science research methods and their application to historical study, including the role of theory, evaluation, analysis and explanation, quantitative techniques and computing, the use of sources and.
The essays published here are small but significant part of his work, which can only indicate the breadth of his intellect and the extraordinary scope of his interest, which embraces microeconomics, the history of economic thought, and all aspects of political economy. Reviews of the The Essence of Stigler.
These four lectures were delivered to the Department of Economics at the University of Colorado in the 1970s, and feature Friedrich Hayek, Israel Kirzner and Ludwig Lachmann. Special thanks to Mr. Fred Glahe for his generous donation of these recordings to the Mises Institute.Download the complete audio of this event (ZIP) here.
See George Stigler,The Theory of Price (New York, 1966), Ch. 12. A more interesting economic model would allow each firm to open several stores, but in deference to the analogy to the political process we pursue, this option is not explored.
Stigler wrote his dissertation on the history of economic thought under Knight and was awarded his doctoral degree in 1938. He also was influenced by Viner’s neoclassical approach to microeconomic questions, an approach that Stigler would use profitably throughout his career.