Chicago Quote by George Stigler

The tradition of Chicago price theory is a good one, and it is a low-tech methodology that tries to apply simple economic theory to…

— Richard Thaler

“Basic economic theory tells us that if you want something that’s both rare and valuable, you need something rare and valuable to offer in…

— Cal Newport

I know this sounds funny, but in many ways the lack of good time slots in some key markets like Chicago was a favor…

— Tony Danza

It is indeed paradoxical that, while the apologists of capitalism usually consider the 'price mechanism' to be the great advantage of the capitalist system,…

— Michal Kalecki

“In a rapidly rising market, the stretch of prices between two points of time is amplified, then so is the general public’s behavior towards…

— Naved Abdali

Thus, the isolated interference with one or a few prices of consumer goods always bring about effects-and this is important to realize-which are even…

— Ludwig von Mises

You have a real asset-price bubble in places like parts of California and the suburbs of Washington, D.C.

— Charlie Munger

Indeed, I find it illuminating to consider to what extent our "classical conditions" for economic growth are satisfied in the current, monopolistic phase of…

— Paul A. Baran

There's a very good reason for why economics developed the way it did, and that is that in many situations, the assumption that people…

— Daniel Kahneman

The problem is, to have prices fall would work fine if we didn't have all these built in rigidities on downward prices, because then…

— Charles Koch

I had always been interested in markets - specifically, the theory that in financial markets, goods will trade at a fair value only when…

— Pierre Omidyar

To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies…

— Alex Berenson