#ff

In the 1950s, I proposed the survivor method of determining the efficient sizes of enterprises, and worked on delivered price systems, vertical integration, and similar topics. ↗

— George Stigler

#determining #efficient #enterprises #i #integration

The delicate and intricate pattern of competition and cooperation in the economic behavior of the hundreds of thousands of citizens of Stockholm offers a challenge to the economist that is perhaps as complex as the challenges of the physicist and the chemist. ↗

— George Stigler

#challenge #challenges #chemist #citizens #competition

Fear and I were old buddies, despite my best efforts to the contrary. ↗

— Peter Straub

#buddies #contrary #despite #efforts #fear

I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous. ↗

— Joseph Stiglitz

#efficient #good #i #information #insight

I think in part the reason is that seeing an economy that is, in many ways, quite different from the one grows up in, helps crystallize issues: in one's own environment, one takes too much for granted, without asking why things are the way they are. ↗

— Joseph Stiglitz

#crystallize #different #economy #environment #granted

If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system? ↗

— Joseph Stiglitz

#capitalist #clearly #did #efficiency #exist

Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently. ↗

— Joseph Stiglitz

#devoid #different #differently #economic policy #fundamental

My research in this period centered around growth, technical change, and income distribution, both how growth affected the distribution of income and how the distribution of income affected growth. ↗

— Joseph Stiglitz

#around #both #centered #change #distribution

Let a bill, or law, be read, in the one branch or the other, every one instantly thinks how it will affect his constituents. ↗

— Ezra Stiles

#bill #branch #constituents #every #his

How can we live and die and never know the difference? ↗

— Clyfford Still

#difference #how #know #live #never