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This is a deceivingly slim book packed with economics, wit, and simple applications. Stigler has a conversational style of writing, and he introduces concepts as if he were explaining them to a precocious student on the brink of asking the "but what if?" questions. After reading graduate texts that simply assume things like diminishing marginal returns without explanation, it was refreshing to have someone engage in a dialogue that included explaining what, exactly, this meant in terms of number ...more
George Joseph Stigler 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.More about George J. Stigler...