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Quote by George Stigler

“Why, when the economist gives advice to his society, is he so often cooly ignored? He never ceases to preach free trade, and protectionism is growing in the United States. He deplores the perverse effects of minimum wage laws, and the legal minimum is regularly raised each 3 or 5 years. He brands usury laws as a medieval superstition, but no state hurries to repeal its law.”

Quote by George Stigler

Author

George Stigler, born on January 17, 1911, in Chicago, Illinois, and died on December 1, 1991, was an American economist and a Nobel laureate. He is known for his contributions to the fields of industrial organization, economic history, and econometrics. more

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