Lib Quotes
  • Authors
  • Topics
  • Lists
  • Pictures
  • Resources
  • More about George Stigler

George Stigler - Industry Quotes

2 Sourced Quotes

View all George Stigler Quotes
    • Source
    • Report...
The state —the machinery and power of the state— is a potential resource or threat to every industry in the society. With its power to prohibit or compel, to take or give money, the state can and does selectively help or hurt a vast number of industries. That political juggernaut, the petroleum industry, is an immense consumer of political benefits, and simultaneously the underwriters of marine insurance have their more modest repast. The central tasks of the theory of economic regulation are to explain who will receive the benefits or burdens of regulation, what form regulation will take, and the effects of regulation upon the allocation of resources.

George Stigler
    • Source
    • Report...
Regulation may be actively sought by an industry, or it may be thrust upon it. A central thesis of this paper is that, as a rule, regulation is acquired by the industry and is designed and operated primarily for its benefit. There are regulations whose net effects upon the regulated industry are undeniably onerous; a simple example is the differentially heavy taxation of the industry's product (whiskey, playing cards). These onerous regulations, however, are exceptional and can be explained by the same theory that explains beneficial (we may call it "acquired") regulation.

George Stigler

Quote of the day

What we observe is not nature itself but nature exposed to our method of questioning. Our scientific work in physics consists in asking questions about nature in the language that we possess and trying to get an answer from experiment by the means that are at our disposal.
Werner Heisenberg

George Stigler

George Stigler
Wikipedia

Born: January 17, 1911
Died: December 1, 1991 (aged 80)
More about George Stigler...

Featured Authors

Elizabeth I of EnglandAndré GideJean-Paul SartreDonald TrumpJane AustenMartin Luther King, Jr.Martin ScorseseLewis CarrollSteve JobsUmberto EcoCharles DarwinVirgil

Lists

Predictions that didn't happen

Predictions that didn't happen

If it's on the Internet it must be true

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Remarkable Last Words (or Near-Last Words)

Picture Quotes

If you see what is right and fail to act on it, you lack courage.

Confucius

I have a heart with room for every joy.

Philip James Bailey

Life was meant to be lived, and curiosity must be kept alive.

Eleanor Roosevelt

A great change in life is like a cold bath in winter — we all hesitate at the first plunge.

Letitia Elizabeth Landon

Popular Topics

  • life
  • love
  • nature
  • time
  • god
  • power
  • human
  • mind
  • work
  • art
  • heart
  • thought
  • men
  • day
Lib Quotes

100% Sourced Quotes.

Our motto is: Don't quote it if you can't source it.

Contact us

Social Media

  • Facebook
  • Instagram
  • X (Twitter)
  • Pinterest

Recent

Predictions that didn't happen

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Subscribe to our Newsletter:
Quote of the Day
JS and WordPress
Subscribe
to RSS Feeds
© 2017-2025 LibQuotes
Terms of Use / Privacy Policy / About Us

Lib Quotes