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George Stigler and His Influence on the Transformation of the Chilean Economy

Author

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  • Cristián Larroulet Vignau

    (School of Business and Economics, Universidad del Desarrollo)

Abstract

In this work, I will analyze an area where the University of Chicago has been influential, but which is not widely known in our country. I am referring to microeconomics and especially to the role of the State in relation to open competition and market regulation, in other words, to the economic policies associated with monopolistic markets, externalities, and information asymmetries, and therefore, where economics and politics interact, as they involve the design of laws and economic institutions. This area, which I studied as part of the Ph.D. program in Chicago by the late 1970s and early 1980s, is the one I will address in the following sections. First, I will refer to the leading professors in this field of economic science, describing their main contributions and publications. Then, I will mention the courses they taught and the main contents. Next, I will analyze if there was a “Chicago School” that had an influence in this field. Finally, I will evaluate the contribution of training in economics on the Chilean development process

Suggested Citation

  • Cristián Larroulet Vignau, 2016. "George Stigler and His Influence on the Transformation of the Chilean Economy," Serie Working Papers 44, Universidad del Desarrollo, School of Business and Economics.
    • Handle: RePEc:dsr:wpaper:44
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    References listed on IDEAS

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    1. Gary S. Becker, 1974. "Crime and Punishment: An Economic Approach," NBER Chapters, in: Essays in the Economics of Crime and Punishment, pages 1-54, National Bureau of Economic Research, Inc.
    2. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.
    3. Loreto Lira & Rosario Rivero & Rodrigo Vergara, 2005. "Entry and Prices: Evidence from the Chilean Supermarket Industry," Documentos de Trabajo 299, Instituto de Economia. Pontificia Universidad Católica de Chile..
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    8. Cristián Larroulet Vignau & María de la Luz Domper, 2006. "La enseñanza de economía y administración en las instituciones de educación superior," Past Working Papers 22, Universidad del Desarrollo, School of Business and Economics.
    9. Stigler, George J, 1992. "Law or Economics?," Journal of Law and Economics, University of Chicago Press, vol. 35(2), pages 455-468, October.
    10. Sam Peltzman, 1968. "Bank Stock Prices and the Effects of Regulation of the Banking Structure," The Journal of Business, University of Chicago Press, vol. 41, pages 413-413.
    11. Norman Loayza & Raimundo Soto, 2002. "The Sources of Economic Growth: An Overview," Central Banking, Analysis, and Economic Policies Book Series, in: Norman Loayza & Raimundo Soto & Norman Loayza (Series Editor) & Klaus Schmidt-Hebbel (Series Editor) (ed.),Economic Growth: Sources, Trends, and Cycles, edition 1, volume 6, chapter 1, pages 001-040, Central Bank of Chile.
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