All Posts Tagged With: "George Stigler"
Hello? Ever Hear of Regulatory Capture?
Throughout the BP oil spill catastrophe it’s been tedious witnessing government officials’ expressing surprise on learning that the Interior Department’s Minerals Management Service has for years held the roles of both watchdog over and business partner with the oil companies in their drilling operations — and that this conflict of interest has kept the MMS [...]
20May2010 | Sheldon Richman | 0 comments | ContinuedMurray Rothbard
In 1946 the fledgling Foundation for Economic Education published a pamphlet titled “Roofs or Ceilings: The Current Housing Problem,” a brief against rent control written by two unknown young economists: Milton Friedman and George Stigler. They would go on to win the Nobel Prize in economics in 1976 and 1982, respectively. That’s a remarkable story. [...]
24Mar2010 | Sheldon Richman | 0 comments | ContinuedHow Nineteenth-Century Americans Responded to Government Corruption
James Rolph Edwards is an associate professor of economics at Montana State University-Northern. From its origin as a distinct secular scientific discipline with the French Physiocratic school in the middle of the eighteenth century, and the British classical school that followed, economics had a pro-market, limited-government orientation. Indeed, intellectual historians and political philosophers often refer [...]
1Apr2004 | James Rolph Edwards | 2 comments | ContinuedWhat Do Economists Contribute?
Professor Daniel Klein of Santa Clara University is one of the most engaging and creative economists around. In What Do Economists Contribute? he and nine other economists (most of them known to readers of Ideas on Liberty) try to explain just how economists contribute to the betterment of mankind. Although the title implies that the [...]
1Jul2000 | Philip R. Murray | 1 comment | ContinuedVienna and Chicago: A Tale of Two Schools
Since its inception, the Foundation for Economic Education has been associated with two free-market schools, the Austrian school of Ludwig von Mises and, to a lesser extent, the Chicago school of Milton Friedman. Mises, after leaving Vienna for New York City, was closely involved with Leonard Read, FEE’s founder. He spoke frequently at FEE’s headquarters in Irvington-on-Hudson, and wrote regularly for The Freeman.
1Feb1998 | Mark Skousen | 2 comments | ContinuedGreat Turnabouts in Economics
We can only admire the scholar who is willing to change when he is convinced by the facts or a new theory. It takes a strong dose of courage and honesty to go against one’s vested interest, especially after publishing books and articles on the subject.
1Nov1997 | Mark Skousen | 1 comment | ContinuedThe Mont Pelerin Society’s 50th Anniversary
Greg Kaza serves in the Michigan House of Representatives (42nd District) and is also an adjunct professor at Northwood University. This year marks the 50th anniversary of the founding of the Mont Pelerin Society, one of this century’s most important groups of free-market intellectuals. The world was a quite different place when 36 free-market thinkers [...]
1Jun1997 | Greg Kaza | 0 comments | Continued-
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Creating Jobs versus Creating Value
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