Foundations of contemporary economics: George Stigler and the Chicago school of economics – on price theory and information economics Cover Image

Основи на съвременната икономика: Джордж Стиглър и Чикагската икономическа школа – за теорията на цените и икономиката на информацията
Foundations of contemporary economics: George Stigler and the Chicago school of economics – on price theory and information economics

Author(s): Henrik Egbert, Teodor Sedlarski, Aleksandar B. Todorov
Subject(s): Economy, National Economy
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: Bulgaria; inequality; income distribution; Gini coefficient; Palma ratio; S80/S20 ratio

Summary/Abstract: George Josef Stigler is known as the scientist who strongly influenced the formation of the Chicago School of Economics. He promoted the idea of expanding price theory beyond the boundaries of economics and developed it into a universal model for the analysis of human behaviour, known as the economic approach to human behaviour. His research inspired the Public Choice literature and the Economic Theory of Law. Besides, Stigler made numerous contributions which nowadays are integral parts of economic theory. In this essay we summarize some of Stigler’s outstanding contributions, particularly his work on information economics and the economic theory of regulation.

  • Issue Year: 2022
  • Issue No: 4
  • Page Range: 452-472
  • Page Count: 21
  • Language: Bulgarian
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