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The Pleasures and Pains of Modern Capitalism

In: Explorations in Economic Liberalism

Author

Listed:
  • George J. Stigler

Abstract

In my title I use the language of Bentham, and perhaps I should have asked Lord Harris to use his good offices to borrow Mr Bentham from University College, London, for this occasion. I am far from confident, however, that Bentham would approve of my preferences; and if he were to begin frowning as I spoke, I should be quite unnerved. Nevertheless, Bentham — who was an instinctive social planner — might well approve of some of the pleasures of capitalism which I shall emphasise.

Suggested Citation

  • George J. Stigler, 1996. "The Pleasures and Pains of Modern Capitalism," Palgrave Macmillan Books, in: Geoffrey E. Wood (ed.), Explorations in Economic Liberalism, chapter 7, pages 126-140, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24967-1_7
    DOI: 10.1007/978-1-349-24967-1_7
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