Tomorrow, capitalism Book

Memoirs of an Unregulated Economist (1988) by George Stigler is Stigler's intellectual autobiography. Stigler was a University of Chicago economist and a friend of Milton Friedman. According to people who knew him he was also pretty funny.

The book is sometimes quite amusing, Stigler is very fond of making wry observations of how the world works. It's interesting to get an insiders view of what the University of Chicago Economics department was like.

Stigler makes some interesting observations such as how experts are selected to testify to courts and to politicians. While not being paid they are selected in order to give whatever testimony somebody wants.

Stigler is very sharp about how economics proceeds and how rarely people change their views quickly in response to one argument. He says that Coase and his theories of externalities was one such event that he's seen but explains how mostly life isn't like that.

Memoirs of an Unregulated Economist isn't bad, for anyone interested in the Chicago School it's worth a look.