About the Center
The George J. Stigler Center for the Study of the Economy and the State is dedicated to understanding the interaction between politics and the economy. It is an intellectual destination for research on regulatory capture, crony capitalism, and the various forms of subversion of competition by special interest groups.
To carry out its mission, the George J. Stigler Center supports research by faculty at the University of Chicago and visiting scholars from other academic institutions. The Stigler Center publishes working papers, and promotes the dissemination of this research to a wider audience via conferences and lectures.
Examples of research conducted by the Stigler Center include:
- How a market mechanism would increase organ transplants.
- The inefficiencies in the Japanese banking system.
- Whether the Food and Drug Administration should further streamline the drug approval process.
- The effect of suicide bombings on the willingness of individuals to ride mass transit.
George J. Stigler
George J. Stigler joined the faculty of the Booth School of Business and the Department of Economics at the University of Chicago in 1958. This event, and the arrival two years later of Merton Miller, is widely recognized in establishing the business school as a world leader in academic research, as well as making it a full partner in an extraordinarily fruitful cooperative research enterprise with the University's Department of Economics and Law School.
Stigler was one of the great economists of the 20th century. He made seminal contributions to the economic theory of information and oligopoly, and to the economic analysis of government regulation and the public sector. Stigler received the profession's highest honors, including the presidency of the American Economic Association and a Nobel Memorial Prize in Economic Sciences. His 1982 Nobel Prize was the first awarded to an economist whose primary appointment was in a business school.