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Power without Glory - George Stigler's Market Leviathan

Listed author(s):
  • Dr Craig Freedman


    (Department of Economics, Macquarie University)

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    George 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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    File Function: First Version, 2004
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    Paper provided by Macquarie University, Department of Economics in its series Research Papers with number 0404.

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    Length: 31 pages.
    Date of creation: May 2004
    Handle: RePEc:mac:wpaper:0404
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