George J. Stigler

George J. Stigler was an influential American economist known for his work on market structure and regulation. He was a key figure in the Chicago School of economics, advocating for free markets and limited government intervention. Stigler argued that regulations often serve the interests of established businesses rather than the public. He received the Nobel Prize in Economic Sciences in 1982 for his contributions to the understanding of how information affects market behavior and efficiency. His ideas have shaped modern economic thought, particularly regarding the relationship between government and business.