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 | | I would bet my next month's salary on my belief that when Stigler does economics, he works at the highest levels of competence in his field (at least on his good days), and that in doing so he is not simply playing an esoteric power game but is actually pursuing one genuine kind of knowledge. |
 | | I've had some private conversations with George about the assumptions of economics as a field--highly general conversations, those, with me trying to put him on the defensive but always ending on the ropes, and thus increasingly impressed. |
 | | I take part, at a great distance, even in Stigler's reasoning about economics, and I even dare from time to time to quarrel with him, ineffectually, about that weird first principle of his, the belief that people's behavior can be fully explained as the rational calculation of individual costs and benefits. |
| iotu.uchicago.edu /booth.html (10164 words) |
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