Оригинална статия General Economics and Teaching

FOUNDATIONS OF CONTEMPORARY ECONOMICS: GEORGE STIGLER AND THE CHICAGO SCHOOL OF ECONOMICS – ON PRICE THEORY AND INFORMATION ECONOMICS

Henrik Egbert - Anhalt University of Applied Sciences, Germany
Teodor Sedlarski - Sofia University St. Kliment Ohridski
Aleksandar B. Todorov - University of Economics – Varna
Received: 10 Oct 2022
Revised:
Published:
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Issue 4/2022
JEL J38 H11 D83 B20 D40 D49 D80 L00
DOI https://doi.org/10.56497/etj2267403

Abstract

George Josef Stigler is known as the scientist who strongly influenced the formation of the Chicago School of Economics. He promoted the idea of expanding price theory beyond the boundaries of economics and developed it into a universal model for the analysis of human behaviour, known as the economic approach to human behaviour. His research inspired the Public Choice literature and the Economic Theory of Law. Besides, Stigler made numerous contributions which nowadays are integral parts of economic theory. In this essay we summarize some of Stigler’s outstanding contributions, particularly his work on information economics and the economic theory of regulation.

How to cite this article

Egbert, H., Sedlarski, T., Todorov, A. B. (2022). Osnovi na savremennata ikonomika: Dzhordzh Stiglar i Chikagskata ikonomicheska shkola – za teoriyata na tsenite i ikonomikata na informatsiyata (Foundations of contemporary economics: George Stigler and the Chicago school of economics – on price theory and information economics). Economic Thought Journal, 67(4), 452-472 (in Bulgarian). https://doi.org/10.56497/etj2267403

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