Stigler
George J. Stigler
Economist of regulation, industrial organization, and information
economic regulationregulatory captureindustrial organization
Official Source Note
Chicago Booth's Nobel-laureate profile identifies Stigler as the 1982 economics laureate and emphasizes his research on industrial structure, market functioning, information, and the causes and effects of public regulation.
Stigler is included because his economic theory of regulation made political incentives and organized interests part of regulatory analysis rather than treating regulation only as a response to market failure.
Relevance to the Archive
Stigler gives legal researchers a starting point for analyzing capture, interest-group organization, entry restrictions, and the difference between a regulation's stated purpose and its institutional effects.
Representative Contributions
- The Economics of Information (1961)
- The Theory of Economic Regulation (1971)
- The Citizen and the State (1975)
Works Included Here
1961
Advanced
1971
Introductory