Quotes by George Stigler

George Stigler

…it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

Answers

Economics

Knowing

…the number of saintly men has not yet risen to the level where the census makes them a separate statistical category.

Levels

Men

Numbers

A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens.

Citizens

Native Language

People

Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.

Competition

Important

Self

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

Economist

Milton

Two

And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists.

Forever

Science

Small Numbers

Competition is a tough weed, not a delicate flower.

Competition

Flower

Weed

Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.

Chicago

Economic

Yield

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 through he just gets up, walks up to the podium, socks the mother****er right in the face and takes a piss all over his lecture notes.

Faces

Lectures

Mother

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.

Car

Money

Moving

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1960s

Airports

Answers

Asking

Beats

Car

Challenges

Chicago

Citizens

College

Competition

Confused

Directors

Discovery

Economic

Economics

Economist

Faces

Faith

Fierce

Flower

Forever

Graduates

Ideas

Important

Insight

Intellectual

Intense

Iowa

Issues

Knowing

Law

Lectures

Levels

Married

Men

Milton

Mind

Missing

Money

Mother

Moving

Native Language

Next Year

Numbers

People

Philosophy

Publishing

Regulation

Rejected

The Future Blueprint

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Quotes by George Stigler

George Stigler

…it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.

…the number of saintly men has not yet risen to the level where the census makes them a separate statistical category.

A Swedish physicist can not discuss his work with fifty people unless he goes abroad. A Swedish economist can get opinions and instructions in his native language from thousands upon thousands of his fellow citizens.

Adam Smith had one overwhelmingly important triumph: he put into the center of economics the systematic analysis of the behavior of individuals pursuing their self-interest under conditions of competition.

All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.

And yet I would not freely exchange my science for those of my fellow laureates. They are forever confined in their professional discussions to the small numbers of their fellow scientists.

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 yield a single price.

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 through he just gets up, walks up to the podium, socks the mother****er right in the face and takes a piss all over his lecture notes.

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