Abstract

paper is concerned with the economic theory of George Stigler. First part outlines the life of George Stigler. Second part examines his dissertation Production and Distribution Theories (1941). Third part discusses his textbook The of Price (1946). Forth part is devoted to his Essays in the History of (1965). Fifth part analyzes the work The Organization of Industry (1968). Sixth part explains The of Economic Regulation (1971). Seventh part discusses Stigler's book The Citizen and the State (1975). Eighth part presents his autobiography Memoirs of an Unregulated Economist (1988). Stigler has become famous thanks to articles Economics of Information (1961) and Theory of Economic Regulation (1971), which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them.

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