文章基本信息

标题：STIGLER’S INFLUENTIAL CONTRIBUTION TO ECONOMIC THOUGHT
本地全文：下载
作者：Artidiatun Adji ; Artidiatun Adji
期刊名称：Journal of Indonesian Economy and Business
印刷版ISSN：2085-8272
电子版ISSN：2338-5847
出版年度：2017
卷号：32
期号：1
页码：70-80
DOI：10.22146/jieb.22981
语种：English
出版社：Universitas Gadjah Mada
摘要：This paper analyzes George J. Stigler’s influential contributions to economic ideas, specifically on industrial structures, the functioning of markets, the causes and effects of public regulation, the economics of information, and on the development of economic thought. Stigler’s most influential contribution to economic thought came in his work on information theory. Treating information as a valuable commodity, he explained why prices differ for identical goods. From his work, many other theories have been built to explain economic behavior. A considerable number of works on decision making under uncertainty could not have progressed without an understanding of the role of information. His swing of the pendulum in economic regulation constitutes a great turnabout. He started research, known as public choice, which assumes that government policy makers are driven by self-interest rather than pure concern for the public’s welfare. His views have now become those of the mainstream.
关键词：industrial structures; functioning of market; public regulation; economics of information; economic thought; Stigler’s contribution