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• W45162308 abstract "George Stigler is universally regarded as a principal architect of the postwar Chicago School. Gary Becker () recalls Stigler as “Mr. Micro” to Milton Friedman’s “Mr. Macro,” a crucial figure whose stature was equal to that of Friedman in the postwar Chicago School of Economics. Harold Demsetz (, 794) recalls Stigler as having a “penchant for defending and extending [Chicago] neoclassical price theory.” Picking up on this theme, Warren Samuels (in Moss 2002, 642) has characterized Stigler as the “leader” and “principal author” of Chicago Economics, more important in some respects than even Friedman in that he sought to reformulate Chicago price theory “to absorb what hitherto had been excluded.” Similarly, many credit Stigler with extending price theory to industrial organization, regulation, politics, and science (Mincer ; Peltzman ; Diamond 2005). For these reasons, one can agree with the judgment of Melvin Reder (, 10) that Stigler’s arrival at Chicago in 1958 was “key to the development and eventual dominance” of the postwar Chicago School. Yet despite Stigler’s important role at Chicago, there exists evidence that this role is not entirely understood." @default.
• W45162308 created "2016-06-24" @default.
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• W45162308 date "2011-10-17" @default.
• W45162308 modified "2023-10-06" @default.
• W45162308 title "George Stigler, the Graduate School of Business, and the Pillars of the Chicago School" @default.
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• W45162308 doi "https://doi.org/10.1017/cbo9781139004077.010" @default.
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