Page "George Stigler" Paragraph 3

Stigler's most important contribution to economics was disseminated in his landmark article titled " The Economics of Information ".

According to Friedman, Stigler " essentially created a new area of study for economists.

" In this article, Stigler stressed the importance of information by writing, " One should hardly have to tell academicians that information is a valuable resource: knowledge is power.

And yet it occupies a slum dwelling in the town of economics.