George J. Stigler Ph.D., M.B.A.
George J. Stigler Ph.D., M.B.A.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1982
The President’s National Medal of Science – Behavior and Social Science 1987
Name: George Joseph Stigler
Birth: 17 January 1911, Renton, WA, USA
Death: 1 December 1991, Chicago, IL, USA
Institution: University of Chicago, Chicago, IL, USA
Award: “for his seminal studies of industrial structures, functioning of markets and causes and effects of public regulation”
Subject: industrial organization
Portion of Cash: 1/1
Contribution: Fundamental contributions to the study of market processes and the analysis of the structure of industries.
Ph.D., M.B.A.: Ph.D. Mentor: Frank H. Knight, powerful, skeptical philosopher, faculty in Chicago for 28 yrs. Under him, only 3 or 4 students completed dissertation. M.B.A. Northwestern University 1932.
Ph.D., Thesis: History of production and distribution theories from 1870 to 1952. University of Chicago, 1938.
Chicago Economics Department intellectual ferment – intense intellectual atmosphere; captivated him.
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Nat’l Medal – Behavior and Social Science
Humor
Stigler confined himself to academic work. He excluded doing administrative work and any other work which was not of an academic nature. Around 1946 his mother asked him, “What are you?” With pride he replied, “Professor.” Ten years later she put the same question to him and he gave the same answer. Her response, “No promotion?”