Power without Glory - George Stigler's Market Leviathan
AbstractGeorge Stigler, as much if not more than his colleague Milton Friedman, greatly shaped the direction of economics in the post-war era. Part of his ability to do so lay in his critical responses to views that opposed his own fiercely held framework. This paper attempts to supply a consistent rationale for both the opponents he chose and for his choice of adopting such an adversarial approach in combating them. By doing so, I hope to clarify three key issues that gripped the economics profession during this period. These are: redistribution versus market competition; market efficiency versus economic growth; and collective versus individual choice.
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Bibliographic InfoPaper provided by Macquarie University, Department of Economics in its series Research Papers with number 0404.
Length: 31 pages.
Date of creation: May 2004
Date of revision:
George Stigler; income distribution; liberty; ideology.;
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