Frases de George Stigler

George Joseph Stigler fue un economista, intelectual estadounidense y profesor de la Universidad de Chicago.

Fue laureado con el Premio del Banco de Suecia en Ciencias Económicas en memoria de Alfred Nobel en 1982 por sus investigaciones acerca de la estructura de la industria, el funcionamiento de los mercados y las causas y efectos de las regulaciones públicas. Wikipedia  

✵ 17. enero 1911 – 1. diciembre 1991
George Stigler: 20   frases 0   Me gusta

George Stigler: Frases en inglés

“The state --the machinery and power of the state-- is a potential resource or threat to every industry in the society. With its power to prohibit or compel, to take or give money, the state can and does selectively help or hurt a vast number of industries.”

Fuente: "The theory of economic regulation," 1971, p. 3; Lead paragraph
Contexto: The state --the machinery and power of the state-- is a potential resource or threat to every industry in the society. With its power to prohibit or compel, to take or give money, the state can and does selectively help or hurt a vast number of industries. That political juggernaut, the petroleum industry, is an immense consumer of political benefits, and simultaneously the underwriters of marine insurance have their more modest repast. The central tasks of the theory of economic regulation are to explain who will receive the benefits or burdens of regulation, what form regulation will take, and the effects of regulation upon the allocation of resources.

“Regulation may be actively sought by an industry, or it may be thrust upon it.”

Fuente: "The theory of economic regulation," 1971, p. 3
Contexto: Regulation may be actively sought by an industry, or it may be thrust upon it. A central thesis of this paper is that, as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit. There are regulations whose net effects upon the regulated industry are undeniably onerous; a simple example is the differentially heavy taxation of the industry's product (whiskey, playing cards). These onerous regulations, however, are exceptional and can be explained by the same theory that explains beneficial (we may call it "acquired") regulation.

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