"It was in the 1960s that I began the detailed study of public regulation"

George Stigler was an American economist who was awarded the Nobel Prize in Economics in 1982. This quote is from his Nobel Prize lecture, in which he assesses his career and the development of his research. In this quote, Stigler is referring to the start of his research into public policy, which he began in the 1960s. This research was focused on the financial impacts of government guidelines, and how they impacted the market. Stigler's research was groundbreaking, and it helped to form the field of economics. His work has actually had an enduring impact on the method economists think about public policy and its effects on the economy. Stigler's research has actually been extremely prominent in the advancement of public law, and it has assisted to form the way federal governments worldwide manage their economies.