George Stigler
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George Joseph Stigler (January 17, 1911 – December 1, 1991) was a U.S. economist. He won the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1982.
Stigler is best known for developing the Economic Theory of Regulation, also 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. This theory is an important component of the Public Choice field of economics. He also carried out extensive research into the history of economic thought.
His 1962 article "Information in the Labor Market" developed the theory of search unemployment.
Stigler was born in Seattle, Washington, and attended the University of Washington, Northwestern University, and received his Ph.D. from the University of Chicago in 1938. He was a founding member of the Mont Pelerin Society, and served as its president in 1976-8.
See also
External links
- http://www.econlib.org/LIBRARY/Enc/bios/Stigler.html
- George Stigler's seminal studies of industrial structures, functioning of markets and causes and effects of public regulation.de:George Stigler
fr:George Stigler is:George J. Stigler ja:ジョージ・スティグラー pl:George Stigler pt:George Joseph Stigler ru:Стиглер, Джордж zh:喬治·斯蒂格勒