Editing George Stigler

{{stub}}

<blockquote>
''Another [new economic theory] has to do with bilateral trade and the geometry of markets, culminating eventually in a model of humans in which they're allowed to change their tastes. Now, it sounds very strange to say that economic theory falls apart when human beings change their tastes. But since at least the late 1970s, we've had an excuse in place in the work of Becker and [[George Stigler|Stigler]], that allows us to make assumptions about human beings that are known to be wildly untrue. And the way out, strangely enough, is through differential geometry, the differential geometry of markets. So that's something that I think we're going to be very interested in bringing to you. I don't know whether the idea of geometric markets is something that can be easily explained to a mass audience. But this theory of geometric marginalism is, in fact, a starter theory, that, if that is successful, might allow us to discuss an even more profound attempt, which would be this concept that I've called Geometric Unity.''

- Eric Weinstein on [[2: What is The Portal|The Portal Episode 2]]
</blockquote>

==On X==

{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/5759054875
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=@ubfid Hi Fergus. The Stigler quotes come from the 'Eureka!' chapter in his autobiography: http://bit.ly/CoaseStigler
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/5758808847
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="Economists could not understand how so fine an economist as [[Ronald Coase|Coase]] could make so obvious a mistake." -UChicago [[Peer Review|peer reviews]] [[Ronald Coase|Coase]] [Stigler]
|timestamp=6:30 AM · Nov 16, 2009
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/5758892877
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="[After] 2 hours of argument, the vote went from 20 against and 1 for [[Ronald Coase|Coase]] to 21 for [[Ronald Coase|Coase]]." -Chicago Econ. reviews itself. [Stigler]
|timestamp=6:35 AM · Nov 16, 2009
}}
|timestamp=6:46 AM · Nov 16, 2009
}}

==See Also==

* [[Eric’s Most Important Set of Books]]
* [[Gauge Theory of Economics]]
* [[Price Statistics Review Committee (Stigler Commission)]]

[[Category:People]]
[[Category:Economics]]