I am not actually Australian, but reading papers in other accents makes it less boring to read for me.

George J. Stigler was a pathbreaking economist at the University of Chicago at the same time Milton Friedman was who did groundbreaking research in a handful of different areas.

He won a Nobel Memorial Prize in Economic Sciences in Honor of Alfred Nobel for his many contributions including the first paper on the economics of minimum wage laws, the first paper on informational economics, using insights from information economics to develop the theory of search unemployment (which is a substitute for frictional unemployment), introducing the first economic theory of regulation and the concept of regulatory capture by incumbent firms, and more I can't think of off the top of my head.

Thomas Sowell wrote his PhD dissertation under George Stigler, and Stigler died in 1991, so presumably, that is why this paper was published in 1993.

If anyone watching/listening to this paper has a request for me to read another classic or interesting economics paper that does not include any logical or mathematical symbols or any charts/graphs in it (I can't read those in a way that anyone will understand, sorry) let me know in a comment.

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