I recall my mother asking in about 1946 what I was and I replied proudly that I was a professor. A decade later she repeated her question and I repeated my answer. "No promotion?" was her comment.

Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.

Competition is a tough weed, not a delicate flower.

In 1958, I came to Chicago where I have remained.

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

I recall my mother asking in about 1946 what I was and I replied proudly that I was a professor. A decade later she repeated her question and I repeated my answer. "No promotion?" was her comment.

My teaching began in 1936 at Iowa State College where T. W. Schultz was the department chairman.