70 Year Magazine Archive

The Intellectual and the Market Place

by George J. Stigler

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The author, himself a member of the academy, argues that it is that very market place intellectuals so distrust that has, in effect, made them free

The intellectual has never felt kindly toward the market place: to him it has always been a place of vulgar men and of base motives. Whether this intellectual was an ancient Greek philosopher, who viewed economic life as an unpleasant necessity which should never be allowed to become obtrusive or dominant, or whether this intellectual is a modern man, who focuses his scorn on gadgets and Madison Avenue, the basic similarity of view has been pronounced.)

GS

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