"I started working and publishing in price theory by 1938"

George Stigler's quote is a testament to his commitment to the area of business economics. By 1938, he had actually currently started to go far for himself in the area of price theory. Cost concept is a branch of business economics that examines the decision of costs as well as the impacts of price modifications on the manufacturing and intake of goods and services. Stigler's operate in this area was groundbreaking and assisted to form the way financial experts think of rates today. His quote is a tip of the value of commitment and also effort in achieving success. Stigler's quote is also a reminder that success does not come overnight, however instead with years of effort as well as commitment. His quote is a motivation to all those who are aiming to make a distinction in the field of business economics.