George 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.