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Societies for the History of Economics

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From:
"Pack, Spencer J." <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Thu, 5 Feb 2009 08:24:29 -0500
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For Stigler's quotation for the AEA Calendar, how about this one:

"... it is hard to believe that any task, no matter how great its 
magnitude, is so large that the market cannot deal with it, if it is 
capable of being dealt with by man.  Did not Great Britain in Smith's 
time leave the government of India, already a nation of several 
hundred million beings, to a corporation called the East India 
Company?  Was not the early economic development of Canada entrusted 
primarily to the Hudson's Bay Company?" ("The Adam Smith 
Lecture:  The Effect of Government on Economic Efficiency", Business 
Economics, January 1988, Volume XXIII (1):  7-13.  The quote is from 
pp. 7-8, emphasis in original.)

I believe this quote gives excellent insight into Stigler's 
rhetorical strategy, as well as his character. It could possibly 
replace the other quote beginning with Smith and talking about the 
state (the third quote).

Spencer Pack

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