Stigler held that anti-market bias is religiously rooted and immune to economic training
Evidence
I cannot believe that any amount of economic training would wholly eliminate the instinctive dislike of a system of organizing economic life through the search for profits. It will still appear to many intellectuals that a system in which men were driven by a reasonably selfless devotion to the welfare of other men would appear superior to one in which they sought to their own preferment. This ethic is deeply imbedded in the major religions. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 112
Categorization
- XREF: Inverts the usual Mont Pelerin assumption that better economics education converts people; connects to the broader ‘neoliberals worried about intellectuals’ thread of this chapter. — connects to: Stigler saw markets as producing wrong knowledge because they satisfy popular prejudice — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 120; Stigler held markets give people wrong knowledge precisely by satisfying their views. — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 120
Broader Connections
- Stigler saw markets as producing wrong knowledge because they satisfy popular prejudice
#expands(0.80) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 120 - Stigler held markets give people wrong knowledge precisely by satisfying their views.
#expands(0.80) — Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 120