Unexpected changes, on the contrary, lead to windfall gains or losses for those who are in the right or wrong places at a given time. - George Stigler

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Unexpected changes, on the contrary, lead to windfall gains or losses for those who are in the right or wrong places at a given time.

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About George Stigler

George Joseph Stigler (January 17, 1911 – December 1, 1991) was a U.S. economist. He won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman.

Also Known As

Native Name: George Joseph Stigler
Alternative Names: George J. Stigler

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Additional quotes by George Stigler

Unlike the members of the physical and biological sciences, the economist is asked to explain his work in a manner that is interesting and convincing to a weary listener. Yet there is no reason to believe that the explanation of our economic and social world is inherently simpler than the explanation of our physical world.

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