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George Stigler: Difference between revisions
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|nameurl=https://x.com/EricRWeinstein/status/2592919937 | |nameurl=https://x.com/EricRWeinstein/status/2592919937 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=Becker & [[George Stigler|Stigler]] go to Lunch. | |content=Becker & [[George Stigler|Stigler]] go to Lunch. | ||
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|nameurl=https://x.com/EricRWeinstein/status/5759054875 | |nameurl=https://x.com/EricRWeinstein/status/5759054875 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=@ubfid Hi Fergus. The [[George Stigler|Stigler]] quotes come from the 'Eureka!' chapter in his autobiography: http://bit.ly/CoaseStigler | |content=@ubfid Hi Fergus. The [[George Stigler|Stigler]] quotes come from the 'Eureka!' chapter in his autobiography: http://bit.ly/CoaseStigler | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/5758808847 | |nameurl=https://x.com/EricRWeinstein/status/5758808847 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|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'''] | |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 | |timestamp=6:30 AM · Nov 16, 2009 | ||
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|nameurl=https://x.com/EricRWeinstein/status/5758892877 | |nameurl=https://x.com/EricRWeinstein/status/5758892877 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|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'''] | |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=6:35 AM · Nov 16, 2009 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572729419354115 | |nameurl=https://x.com/EricRWeinstein/status/1457572729419354115 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=And we are not even trying to measure that. To this day, I can't *really* understand what CPI-U is. That is either because I'm too dumb, or the field has gone mad agreeing with itself while disconnected from reality. And I believe no one is that dumb. Even on a really bad day... | |content=And we are not even trying to measure that. To this day, I can't *really* understand what CPI-U is. That is either because I'm too dumb, or the field has gone mad agreeing with itself while disconnected from reality. And I believe no one is that dumb. Even on a really bad day... | ||
|thread= | |thread= | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572718887555072 | |nameurl=https://x.com/EricRWeinstein/status/1457572718887555072 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=You mean field. Economics is actually all about fields: field operators & field theory. | |content=You mean field. Economics is actually all about fields: field operators & field theory. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572721081163778 | |nameurl=https://x.com/EricRWeinstein/status/1457572721081163778 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=You have no idea how crazy econ got to make us all the same so that what we're saying can be ignored. Seriously, think about asserting that all folks have the same tastes & that they can never change so that economists can use 'Stable preferences...relentlessly & unflinchingly'. | |content=You have no idea how crazy econ got to make us all the same so that what we're saying can be ignored. Seriously, think about asserting that all folks have the same tastes & that they can never change so that economists can use 'Stable preferences...relentlessly & unflinchingly'. | ||
|timestamp=4:56 AM · Nov 8, 2021 | |timestamp=4:56 AM · Nov 8, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572722482028550 | |nameurl=https://x.com/EricRWeinstein/status/1457572722482028550 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=You will see in the inflation literature various bizarre tendencies to introduce 'homogenous' or 'homothetic' utility functions and to hold these functions fixed. Ultimately it fell to 2 giants to claim that taste is universal. That way, rich/poor, you/me all have common utility. | |content=You will see in the inflation literature various bizarre tendencies to introduce 'homogenous' or 'homothetic' utility functions and to hold these functions fixed. Ultimately it fell to 2 giants to claim that taste is universal. That way, rich/poor, you/me all have common utility. | ||
|timestamp=4:56 AM · Nov 8, 2021 | |timestamp=4:56 AM · Nov 8, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572723757027329 | |nameurl=https://x.com/EricRWeinstein/status/1457572723757027329 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=“The combined assumptions of maximizing behavior, market equilibrium, and stable preferences, used relentlessly and unflinchingly, form the heart of the economic approach...” -Gary Becker | |content=“The combined assumptions of maximizing behavior, market equilibrium, and stable preferences, used relentlessly and unflinchingly, form the heart of the economic approach...” -Gary Becker | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572725145411588 | |nameurl=https://x.com/EricRWeinstein/status/1457572725145411588 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=The move to look out for is 'Superlative price index numbers give an excellent approximation to the true 'Cost-Of-Living'!" which totally sidesteps the field issue you bring up, the dynamic taste issue (replaced by 'Stable preferences'), & inequality (replaced by homotheticity). | |content=The move to look out for is 'Superlative price index numbers give an excellent approximation to the true 'Cost-Of-Living'!" which totally sidesteps the field issue you bring up, the dynamic taste issue (replaced by 'Stable preferences'), & inequality (replaced by homotheticity). | ||
|timestamp=4:56 AM · Nov 8, 2021 | |timestamp=4:56 AM · Nov 8, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572726558834690 | |nameurl=https://x.com/EricRWeinstein/status/1457572726558834690 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=All of these simplifications are made better in a fully path dependent field theory framework with endogenously determined differential operators. | |content=All of these simplifications are made better in a fully path dependent field theory framework with endogenously determined differential operators. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1457572728098152452 | |nameurl=https://x.com/EricRWeinstein/status/1457572728098152452 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=It's like publishing a number for the temperature in the US in 2020. Your path dependent price index measure of inflation is as individual as your commute. It's *mildly* meaningul to posit a 'representative commute to work' that doesn't depend on our various routes. But not very. | |content=It's like publishing a number for the temperature in the US in 2020. Your path dependent price index measure of inflation is as individual as your commute. It's *mildly* meaningul to posit a 'representative commute to work' that doesn't depend on our various routes. But not very. | ||
|timestamp=4:56 AM · Nov 8, 2021 | |timestamp=4:56 AM · Nov 8, 2021 | ||
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|nameurl=https://x.com/EricRWeinstein/status/1990534949397803328 | |nameurl=https://x.com/EricRWeinstein/status/1990534949397803328 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=So to sum it up: he is not wrong. | |content=So to sum it up: he is not wrong. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1990530011191992536 | |nameurl=https://x.com/EricRWeinstein/status/1990530011191992536 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=I believe Epstein is referring implicitly to the “Stigler Commission” of 1959-1961. | |content=I believe Epstein is referring implicitly to the “Stigler Commission” of 1959-1961. | ||
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|nameurl=https://x.com/EricRWeinstein/status/1990530014107107416 | |nameurl=https://x.com/EricRWeinstein/status/1990530014107107416 | ||
|name=Eric Weinstein | |name=Eric Weinstein | ||
|usernameurl=https://x.com/ | |usernameurl=https://x.com/ericweinstein | ||
|username= | |username=ericweinstein | ||
|content=In a telephone conversation around 2004, he somehow was already well aware of the [[Boskin Commission|1996 Boskin Commission]] and Harvard Economics department burying our work on [[Gauge Theory]] in economics called “[[Geometric Marginalism]]”. That seemed pretty weird at the time. | |content=In a telephone conversation around 2004, he somehow was already well aware of the [[Boskin Commission|1996 Boskin Commission]] and Harvard Economics department burying our work on [[Gauge Theory]] in economics called “[[Geometric Marginalism]]”. That seemed pretty weird at the time. | ||
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|timestamp=9:38 PM · Nov 17, 2025 | |timestamp=9:38 PM · Nov 17, 2025 | ||
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== Related Pages == | == Related Pages == | ||