Stigler saw economists as suppliers responding to buyersâ demand for ideas.
Evidence
But âsocietyâ doesnât purchase knowledge. People do, and for specific purposes. Students decide from which college or university to purchase knowledge. Patrons of research do much the same: in an unpublished 1977 lecture whose title âTo What Tune Does Science Dance?â clearly echoed Rogge, Stigler observed: â[the] huge area of antitrust & I[ndustrial] O[rganization economics] in [the] US [was] generated by both public policy and business defenses against it.â Stigler was in an excellent position to make such an observation. He played an important role in developing a distinctive Chicago approach to industrial organization, and had consulted for firms facing antitrust action. Economists develop ideas in response to consumer demand for them. In Stiglerâs words, the economist was a âcustomerâs man.â â Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 148
Categorization
- DEFINE: The âcustomerâs manâ phrase encapsulates Stiglerâs demand-side theory of where economic ideas come from â a genuine conceptual contribution worth pinning down.
- XREF: connects to: Stigler doubted that the publicâs demand for economic science was significant. â Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 146
Broader Connections
- Stigler doubted that the publicâs demand for economic science was significant.
#expands(0.80) â Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, 146