Quotes by George Stigler - Page 1

Mathematics has no symbols for confused ideas.
George Stigler / Economist
Science
Confused
Ideas
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In 1958, I came to Chicago where I have remained.
George Stigler / Economist
Chicago
Remained
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Competition is a tough weed, not a delicate flower.
George Stigler / Economist
Competition
Flower
Weed
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I started working and publishing in price theory by 1938.
George Stigler / Economist
Publishing
Theory
Price
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There is only one social science and we are its practitioners
George Stigler / Economist
Social
Social Science
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If you never miss a plane, you’re spending too much time at the airport.
George Stigler / Economist
Airports
Missing
Too Much
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It was in the 1960s that I began the detailed study of public regulation.
George Stigler / Economist
1960s
Regulation
Study
Began
Detailed
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Stigler's Law: No scientific discovery is named after its original discoverer.
George Stigler / Economist
Discovery
Law
Scientific Discovery
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The main insight learned from interdisciplinary studies is the return to specialization
George Stigler / Economist
Insight
Return
Study
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Theories are not rejected by cirsumstantial evidence: it takes a theory to beat a theory.
George Stigler / Economist
Beats
Rejected
Theory
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My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman.
George Stigler / Economist
Chairman
College
Department
Iowa
Teaching
Began
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All great economists are tall. There are two exceptions: John Kenneth Galbraith and Milton Friedman.
George Stigler / Economist
Economist
Milton
Two
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I met my wife, Margaret L. Mack, at the University of Chicago. We were married in 1936. She died in 1970.
George Stigler / Economist
Chicago
Died
Mack
Married
University
Wife
Margaret
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My main graduate training was received at the University of Chicago from which I received the Ph.D. in 1938.
George Stigler / Economist
Chicago
Graduates
Training
University
Graduate
Received
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...it is distressing how often one can guess the answer given to an economic question merely by knowing who asks it.
George Stigler / Economist
Answers
Economics
Knowing
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...the number of saintly men has not yet risen to the level where the census makes them a separate statistical category.
George Stigler / Economist
Men
Levels
Numbers
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I attended schools in Seattle through the University of Washington, from which I was graduated in 1931. I spent the next year at Northwestern University.
George Stigler / Economist
Next Year
Northwestern
School
Seattle
University
Years
Attended
Washington
Graduated
Schools
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My interests were aroused, and my faith in the cliches of the subject destroyed, as so often with other subjects, by the discussions with my friend, Aaron Director.
George Stigler / Economist
Faith
Destroyed
Directors
Fierce
Aaron
Aroused
Director
Cliches
Discussions
Interests
My Friend
Subject
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After the war, I returned to Minnesota, from which I soon moved to Brown University, and a year later, to Columbia University where I remained from 1947 until 1958.
George Stigler / Economist
Columbia
Columbia University
Minnesota
Moved
University
Remained
Returned
Year Later
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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.
George Stigler / Economist
Chicago
Conditions
Economic
Economic Theory
Theory
Yield
Gotten
Price
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In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics.
George Stigler / Economist
Efficient
Integration
Method
Size
Survivor
Topics
Vertical
Delivered
Determining
Enterprises
Price
Proposed
Similar
Sizes
Systems
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Two years later, I went to the University of Minnesota from which I was on leave for several years during the war as a member of Statistical Research Group at Columbia University.
George Stigler / Economist
Columbia
Columbia University
Minnesota
Research
University
Member
Several
Statistical
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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.
George Stigler / Economist
Science
Confined
Forever
Numbers
Small Numbers
Exchange
Discussions
Fellow
Freely
Laureate
Scientists
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I recall my mother asking in about 1946 what I was and I replied proudly that I was a professor. A decade later she repeated her question and I repeated my answer. "No promotion?" was her comment.
George Stigler / Economist
Answers
Asking
Mother
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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.
George Stigler / Economist
Competition
Important
Self
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That subject has lost its one time appeal to economists as our science has become more abstract, but my interest has even grown more intense as the questions raised by the sociology of science became more prominent.
George Stigler / Economist
Science
Abstract
Intense
One Time
Prominent
Raised
Sociology
Appeal
Economists
Grown
Subject
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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.
George Stigler / Economist
Citizens
Economist
Fifty
Native
Native Language
People
Physicist
Swedish
Abroad
Discuss
Fellow
Fellow Citizens
Instructions
Opinions
Thousands
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The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930s were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.
George Stigler / Economist
Intellectual
Issues
Mind
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The Chicago Economics Department was in intellectual ferment, although the central issues of the 1930's were very different from those in later times. I had never before encountered minds of that quality at close quarters and they influenced me strongly.
George Stigler / Economist
Chicago
Department
Quarters
Central
Encountered
Ferment
Influenced
Minds
Strongly
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The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist.
George Stigler / Economist
Challenges
Chemist
Citizens
Competition
Cooperation
Delicate
Economist
Intricate
Offers
Physicist
Stockholm
Challenge
Complex
Hundreds
Hundreds Of Thousands
Pattern
Perhaps
Thousands
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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.
George Stigler / Economist
Faces
Lectures
Mother
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Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law.
George Stigler / Economist
Law
Philosophy
Years
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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.
George Stigler / Economist
Car
Money
Moving
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George Stigler Quotes - Page 1

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