George Stigler

George Stigler and How Freshwater Economics Won the Day

Colleagues and protégés reminisce about the late George Stigler and his impact on the development of economic thought. Since they first rose to mainstream prominence in the...

Chicago’s Hidden Figure: A Chat with Claire Friedland on her Work with George Stigler

Claire Friedland, who served as George Stigler’s research assistant from 1959 until his death in 1991, reminisces about her decades of pioneering work with Stigler and...

Stigler on Monopolies: “Competition is a Tough Weed, Not a Delicate Flower”

Many of Stigler’s views on monopoly and antitrust were consistent through the decades. Even after his concerns of monopoly began to recede, he continued...

George Stigler on Regulation: Lessons for Today

October 20 marks the 35th anniversary of George Stigler’s Nobel prize, the first of Booth School of Business’s grand total of eight Nobels. To...

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How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers...

How Manufacturing’s Lobby Won and Lost its Political Influence

What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The...

How Apple Locks Out the Competition with Its Digital Key

Apple’s efforts to dominate the contactless payments market and lock up the “digital key” space pose a profound threat to consumer privacy...

The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act

While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary...

The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman...

How Much Can We Trust Index Funds on Climate Change?

According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role...

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal...