Podcast appearances and mentions of George J Stigler

A new proposal from the Biden administration calls for a nationwide cap on rent increases. Economists think that's a terrible idea. We revisit a 2019 episode to hear why. SOURCES:Tommy Andersson, professor of economics at Lund University.Vicki Been, professor of law at New York University and former deputy mayor for housing and economic development in New York City.Rebecca Diamond, professor of economics at Stanford Graduate School of Business.David Eisenbach, history lecturer at the Manhattan School of Music and Columbia University.Ed Glaeser, professor of economics at Harvard University. RESOURCES:"The State of the Nation's Housing 2024," by the Joint Center for Housing Studies of Harvard University (2024).“The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco,” by Rebecca Diamond, Tim McQuade, and Franklin Qian (American Economic Review, 2019).“Housing Market Spillovers: Evidence from the End of Rent Control in Cambridge, Massachusetts,” by David H. Autor, Christopher J. Palmer, and Parang A. Pathak (Journal of Political Economy, 2014).“An Econometric Analysis of Rent Control,” by Edgar O. Olsen (Journal of Political Economy, 1972).Roofs or Ceilings?: The Current Housing Problem, by Milton Friedman and George J. Stigler (1946).

Geoffrey West is a physicist, former president and distinguished professor of the Santa Fe Institute. His book, “Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Businesses” (2017), is a masterpiece. In this episode, we talk about the power laws behind living organisms, cities, businesses, and technologies. By the end of this episode, you will know more about the power law behind the heartbeat of all mammals, the number of patents and crime in big cities compared to small cities, innovation, the way technology scales, and more. I hope you enjoy the conversation. Find me on X at @ProfSchrepel. Also, be sure to subscribe to the Scaling Theory podcast; it helps its growth. *** References Geoffrey West, ⁠Scale: The Universal Laws of Life, Growth, and Death in Organisms, Cities, and Businesses⁠ (Penguin Books, 2017) George J. Stigler, “The Economies of Scale”, The Journal of Law & Economics 1 (1958): 54–71 Michael HR Stanley, et al. “⁠Scaling Behaviour in the Growth of Companies”, Nature 379.6568 (1996): 804-806.APA W. Brian. Arthur, “⁠Competing Technologies, Increasing Returns, and Lock-In by Historical Events”, The Economic Journal 99.394 (1989): 116-131. Madeleine IG Daepp, et al. “⁠⁠⁠⁠⁠⁠⁠⁠⁠The Mortality of Companies⁠”, Journal of the Royal Society Interface 12.106 (2015): 20150120.APA Jiang Zhang, et al. “⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Scaling Laws and a General Theory for the Growth of Public Companies⁠⁠”, arXiv preprint arXiv:2109.10379 (2021)

Alex speaks with David Friedman about defenses, definitions and critiques of Anarcho-Capitalism in David's work and in others'.  Episode Notes: - Summary of David's book "The Machinery of Freedom" https://en.wikipedia.org/wiki/The_Machinery_of_Freedom  - Some of Ayn Rand's views on Libertarianism and Anarcho-Capitalism: http://aynrandlexicon.com/ayn-rand-ideas/ayn-rand-q-on-a-on-libertarianism.html  - Some of David's comments on his Father's views of his work can be found here: https://www.econlib.org/archives/2011/07/david_friedmans_1.html  - The Stanford Encyclopedia's entry on Anarchism https://plato.stanford.edu/entries/anarchism/#:~:text=Libertarianism%20and%20anarcho%2Dcapitalism%20also,the%20idea%20of%20social%20development.  - "The Moon Is A Harsh Mistress" - Robert A. Heinlein https://a.co/d/4gmWZrP  - "The Private Enforcement of Law" - Landes and Posner https://papers.ssrn.com/sol3/papers.cfm?abstract_id=259376  - "Law Enforcement, Malfeasance, and Compensation of Enforcers" - Gary S. Becker and George J. Stigler  https://laws21.classes.ryansafner.com/readings/Becker-Stigler-1974.pdf     

Show notes:Today we tackle a key concept in economics, the idea of market equilibrium, both general and partial. A part of this talk also involves the role of information and that of regulation. We start with polymath Kenneth Joseph Arrow, a key figure in many economic insights. From him we move to a key Chicago school figure and funnyman, George Joseph Stigler. Finally, we star the French economist Gérard Debreu. In season 1 (Danish) we reviewed the history of economic thought before WWII. The coming seasons are dedicated to the Nobel Prize in Economics, and I am joined by economist Otto Brøns-Petersen. The Nobel prize is a good benchmark for how the field and profession of economics developed after WWII. We will focus both on the scientific contributions and on the people behind them. These are all star economists and worthy of your time and attention. Some will mainly feature in one episode, others in several. We therefore advice that you listen in the thematic order we propose – but it is up to you. Rest assured, we will cover all… Eventually.ReferencesKenneth J. Arrow – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1972/arrow/lecture/Kenneth J. Arrow, Social Choice and Individual Values. Yale University Press, 2012. JSTOR, http://www.jstor.org/stable/j.ctt1nqb90. Kenneth J. Arrow; Gerard Debreu. Existence of an Equilibrium for a Competitive Economy. Econometrica, Vol. 22, No. 3. (Jul., 1954), pp. 265-290.Gerard Debreu – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1983/debreu/lecture/George J. Stigler – Prize Lecture. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1982/stigler/lecture/George J. Stigler – Banquet speech. NobelPrize.org. Nobel Prize Outreach AB 2023. Mon. 3 Jul 2023. https://www.nobelprize.org/prizes/economic-sciences/1982/stigler/speech/George J. Stigler. (2003). Memoirs of an Unregulated Economist. Bibliovault OAI Repository, the University of Chicago Press. George J. Stigler, 1971. "The Theory of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 2(1), pages 3-21, Spring.

re: No politics... just real economics.. In this episode, Teresa interviews University of Chicago economics professor Dr. Casey Mulligan.   Mulligan's research has included a thorough analysis of how Obamacare has impacted the US economy.  He has also covered capital and labor taxation, the gender wage gap, Social Security, voting and the economics of aging, among other subjects. Mulligan's latest book is  “The Redistribution Recession: How Labor Market Distortions Contracted the Economy,” Dr. Mulligsn is affiliated with a number of professional organizations, including the National Bureau of Economic Research, the George J. Stigler Center for the Study of the Economy and the State, and the Population Research Center. He is also the recipient of numerous awards and fellowships, including those from the National Science Foundation, the Alfred P. Sloan Foundation, the Smith- Richardson Foundation, and the John M. Olin Foundation. Professor Mulligan received his Ph.D. in economics from the University of Chicago in 1993. He has also served as a visiting professor teaching public economics at Harvard University, Clemson University, and Irving B. Harris Graduate School of Public Policy Studies at the University of Chicago.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. A talk by His Excellency Bernardo Alvarez Herrera, Ambassador Extraordinary and Plenipotentiary of the Bolivarian Republic of Venezuela to the U.S. Session 6 of the conference "Petroleum: Prospects and Politics." Sponsored by the Chicago Society. Co-sponsored by the Student Government of the University of Chicago, The Graduate School of Business at the University of Chicago, The George J. Stigler Center for the Study of the Economy and the State, The Global Voices Fund at International House, The Norman Wait Harris Fund at the Center for International Studies, The College of the University of Chicago, The Office of Community Affairs at the University of Chicago, and The Irving B. Harris Graduate School of Public Policy Studies.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. A talk by His Excellency Bernardo Alvarez Herrera, Ambassador Extraordinary and Plenipotentiary of the Bolivarian Republic of Venezuela to the U.S. Session 6 of the conference "Petroleum: Prospects and Politics." Sponsored by the Chicago Society. Co-sponsored by the Student Government of the University of Chicago, The Graduate School of Business at the University of Chicago, The George J. Stigler Center for the Study of the Economy and the State, The Global Voices Fund at International House, The Norman Wait Harris Fund at the Center for International Studies, The College of the University of Chicago, The Office of Community Affairs at the University of Chicago, and The Irving B. Harris Graduate School of Public Policy Studies.

A talk by His Excellency Bernardo Alvarez Herrera, Ambassador Extraordinary and Plenipotentiary of the Bolivarian Republic of Venezuela to the U.S. Session 6 of the conference "Petroleum: Prospects and Politics." Sponsored by the Chicago Society. Co-sponsored by the Student Government of the University of Chicago, The Graduate School of Business at the University of Chicago, The George J. Stigler Center for the Study of the Economy and the State, The Global Voices Fund at International House, The Norman Wait Harris Fund at the Center for International Studies, The College of the University of Chicago, The Office of Community Affairs at the University of Chicago, and The Irving B. Harris Graduate School of Public Policy Studies.

Increased demand for skilled workers has created wage inequality between those who have college degrees and those who don't in the United States, but the news isn't all bad, according to Kevin Murphy, George J. Stigler Distinguished Service Professor of Economics.

Increased demand for skilled workers has created wage inequality between those who have college degrees and those who don't in the United States, but the news isn't all bad, according to Kevin Murphy, George J. Stigler Distinguished Service Professor of Economics.