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  1. 14. Juni 2024 · One likely thinks of the much-quoted words of Chicago School economist George Stigler, ‘so economics is an imperial science: aggressive in addressing central problems in a considerable number of neighbouring social disciplines, and without any invitations’ (Stigler, 1984, p. 311). 8 And if encouraged to dwell on this, George ...

  2. 30. Mai 2024 · In 1970, noted economist George Stigler, who went on to win the Nobel Prize in 1982, published an article in the Journal of Law and Economics titled “Director’s Law of Public Income Redistribution.” 7 As Stigler explained it, Director’s Law, named for University of Chicago professor Aaron Director, states that, “Public ...

  3. Vor 5 Tagen · WATERLOO, Iowa --- George Stigler was finishing up work on a history degree at the University of Northern Iowa in 1971 --- and holding draft number 13 --- when professors Charles Quirk and...

  4. 20. Juni 2024 · We talked about her famous 1974 paper “The Political Economy of a Rent Seeking Society” on its 50th anniversary, her experience understanding the license permit raj system in India, the 1991 trade liberalization, the Washington consensus, decline of the WTO, the new protectionism in the US, reforming Argentina and much more.

  5. 7. Juni 2024 · Bob's father was the great Abraham Wald with whom your father worked, along with George Stigler, Allen Wallis et al. during WW2 in the Statistical Research Group at Columbia University. If Wald had not died tragically in a plane crash in 1950, he might well have received two Nobel Prizes in economics, just for his pre-1950 ...

  6. 4. Juni 2024 · George Stigler, in his classic essay, after analysing how minimum wage legislation impacts on aggregate employment, income and poverty, concludes that “the legal minimum wage will reduce aggregate output, and it will decrease the earnings of workers who had previously being receiving materially less than the minimum.”.

  7. 1. Juni 2024 · In one of the more bizarre attacks in memory, one of the rare early copies of England's Magna Carta was attacked at the British Library. The Magna Carta is Britain's bill of rights, the most important document in its history. The two suspects attacked the document with a hammer and chisel.