My interests were aroused, and my faith in the cliches of the subject destroyed, as so often with other subjects, by the discussions with my friend, Aaron Director.

He served on the Columbia faculty from 1947 to 1958. Stigler was a founding member of the Mont Pelerin Society and was president from 1976 to 1978. Another essay on "Truth in Teaching" described the consequences of a (fictional) set of court decisions that held universities legally responsible for the consequences of teaching errors.

Jacob Viner and Henry Simons also influenced him and among his students W. " The essay referenced studies that found many goods and services to be inelastic over the long run as well as offering a supposed theoretical proof; he ended by announcing that his next essay would demonstrate that the price system does not exist. He then spent one year at Brown University.