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George W. Stocking Sr.American economist
Country:
 USA |
Content:
- American Economist: George William Stocking
- Academic Career
- Government Service
- Contributions to Industrial Organization
- Antitrust Advocacy
- Later Career
- Impact and Legacy
American Economist: George William Stocking
Early Life and EducationGeorge William Stocking was born in Texas in 1892. He received two bachelor's degrees, one from Clarendon College and one from the University of Texas, in 1918. In 1921, he earned a master's degree, and in 1925, he obtained his doctorate from Columbia University.
Academic Career
Stocking began his teaching career at the University of Texas at Austin in 1926. He served as a professor of economics there until 1947. In 1947, he founded the economics department at Vanderbilt University and remained there until 1963.
Government Service
From 1933 to 1943, Stocking worked closely with various government agencies, including the Antitrust Division of the U.S. Department of Justice. He provided counsel to Thurman Arnold, the chief of the Antitrust Division.
Contributions to Industrial Organization
Stocking is renowned as a pioneer in the field of industrial organization. His seminal work, published in three volumes, includes "Cartels in Action" (1946), "Cartels or Competition?" (1948), and "Monopoly and Free Enterprise" (1951). His analysis of international cartels in various industries remains influential.
Antitrust Advocacy
Stocking's experience in government and academia led him to become a vocal advocate for antitrust laws. His writings, including the 1955 "Cellophane Paradox" article in the American Economic Review, played a significant role in shaping antitrust policy.
Later Career
After leaving Vanderbilt, Stocking continued to research and write. He served as president of the Southern Economic Association in 1952 and the American Economic Association in 1958.
Impact and Legacy
George William Stocking's contributions to the fields of industrial organization and antitrust law had a profound impact on both academia and public policy. His work remains essential reading for students, researchers, and policymakers.
